Washington County, North Carolina Housing Market
In Washington County, North Carolina, the median home value is $125,900, with a median monthly rent of $743. This places Washington County at #2536 nationally out of 3134 counties by median home value, and #89 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,051
- Establishments: 238
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,331 (avg $47,668)
- Outflow: 4,128 (avg $47,515)
- IRS Statistics of Income
How Washington County Compares
| Metric | Washington County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $125,900 | $235,312 | $227,706 |
| Median Gross Rent | $743 | $976 | $968 |
| Owner Occupancy Rate | 68.0% | 71.8% | 73.3% |
| Price/Rent Ratio | 14.1 | 19.8 | 18.7 |
Market Analysis
The median home value in Washington County is 46.5% below the North Carolina state average and 44.7% below the U.S. national average. The median rent of $743/month is 23.9% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Washington County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Washington County has an owner-occupancy rate of 68.0%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Fayette County | Alabama | $125,900 | $667 |
| Cheyenne County | Kansas | $125,900 | $656 |
| Cumberland County | Illinois | $126,000 | $772 |
| Jefferson County | Illinois | $126,000 | $885 |
| Menifee County | Kentucky | $125,800 | $675 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Edgecombe County | $125,100 | $858 | 60.8% |
| Hyde County | $124,000 | $1,263 | 71.9% |
| Richmond County | $127,800 | $724 | 65.9% |
| Jones County | $130,300 | $747 | 79.4% |
| Lenoir County | $120,500 | $861 | 59.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).