State hub
Home appreciation in Washington
Washington's FHFA HPI® all-transactions index changed +1.1% over the year to Q2 2026, versus +3.0% nationally, ranking 47th of 51 states and D.C. Below, compare its 14 3-digit ZIP regions and 15 metro areas.
- 1-year change
- +1.1%
- 5-year change
- +29.7%
- Since Q1 1995
- +387%
- State rank (1 year)
- 47th
U.S. +3.0%
46th of 51
U.S. +292%
of 51 states and D.C.
Washington vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Washington: 486.5
- United States: 391.6
Washington appreciation by time window
| Window | WA | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +1.1% | +3.0% | −2.0 pts |
| 3 years | +8.2% | +12.9% | −4.6 pts |
| 5 years | +29.7% | +41.3% | −11.6 pts |
| 10 years | +105% | +93.3% | +11.5 pts |
| Since Q1 1995 | +387% | +292% | +94.9 pts |
3-digit ZIP regions in Washington
Fastest-appreciating ZIP codes in Washington →Sorted by one-year change. 2 of 14 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 994 · Clarkston, WA area | +4.7% | +40.3% | +114% | +323% |
| 2 | 984 · Tacoma, WA area | +3.1% | +27.9% | +127% | +422% |
| 3 | 985 · Olympia, WA area | +2.3% | +32.9% | +126% | +323% |
| 4 | 993 · Kennewick, WA area | +2.0% | +33.4% | +110% | +293% |
| 5 | 986 · Vancouver, WA area | +2.0% | +31.1% | +103% | +339% |
| 6 | 989 · Yakima, WA area | +1.5% | +32.7% | +109% | +267% |
| 7 | 990 · Spokane Valley, WA area | +1.0% | +28.8% | +119% | +310% |
| 8 | 982 · Everett, WA area | +0.8% | +33.6% | +115% | +377% |
| 9 | 991 · Pullman, WA area | +0.7% | +37.3% | +104% | +290% |
| 10 | 988 · Wenatchee, WA area | +0.7% | +36.0% | +112% | +322% |
| 11 | 983 · Bremerton, WA area | +0.3% | +29.4% | +112% | +347% |
| 12 | 981 · Seattle, WA area | +0.3% | +20.2% | +75.0% | +493% |
| 13 | 980 · Bellevue, WA area | +0.1% | +31.0% | +104% | +439% |
| 14 | 992 · Spokane, WA area | -0.1% | +28.5% | +131% | +327% |
Metro areas in Washington
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Lewiston, ID-WA | +4.7% | +40.3% | +323% |
| Mount Vernon-Anacortes, WA | +3.5% | +40.3% | +372% |
| Olympia-Lacey-Tumwater, WA | +3.0% | +31.8% | +323% |
| Longview-Kelso, WA | +2.5% | +30.4% | +317% |
| Yakima, WA | +2.4% | +34.3% | +263% |
| Kennewick-Richland, WA | +1.9% | +33.2% | +280% |
| Tacoma-Lakewood, WA (division) | +1.9% | +28.4% | +385% |
| Portland-Vancouver-Hillsboro, OR-WA | +1.4% | +21.2% | +356% |
| Walla Walla, WA | +1.2% | +33.1% | +339% |
| Bellingham, WA | +0.5% | +34.4% | +390% |
| Seattle-Bellevue-Kent, WA (division) | +0.3% | +24.6% | +455% |
| Bremerton-Silverdale-Port Orchard, WA | +0.1% | +25.8% | +352% |
| Spokane-Spokane Valley, WA | -0.1% | +29.1% | +321% |
| Everett, WA (division) | -0.5% | +31.6% | +403% |
| Wenatchee-East Wenatchee, WA | -2.3% | +33.5% | +332% |
Boom, bust, and recovery in Washington
Washington's index peaked in Q4 2007, fell 25.2% to its low in Q2 2012, and regained its peak in Q2 2016, about 8.5 years after the top. Today it sits +106% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Washington's index has changed +120% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | WA after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -2.7% | -0.8% |
| 3 years | +9.8% | -1.4% | +2.8% |
| 5 years | +24.0% | +4.6% | +13.9% |
| 10 years | +39.1% | +47.3% | +39.0% |
| Since Q1 1995 | +121% | +120% | +76.8% |
If you bought in Washington in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +381% | $1,443,669 |
| Q2 2000 | +280% | $1,139,367 |
| Q2 2005 | +162% | $786,281 |
| Q2 2010 | +149% | $747,977 |
| Q2 2015 | +126% | $678,543 |
| Q2 2020 | +51.0% | $452,851 |
| Q2 2021 | +29.7% | $389,221 |
| Q2 2023 | +8.2% | $324,715 |
| Q2 2025 | +1.0% | $303,136 |
Frequently asked questions
- How much have home prices gone up in Washington?
- FHFA HPI® data for Washington shows the all-transactions index changed +1.1% over the year to Q2 2026, +29.7% over five years, +105% over ten years, and +387% since Q1 1995.
- Is Washington appreciating faster than the national average?
- Over the past year Washington's index moved −2.0 pts versus the U.S. (+3.0%), ranking 47th of 51 states and D.C. Over five years the gap is −11.6 pts.
- Which ZIP codes in Washington are appreciating fastest?
- Over the past year the strongest of 14 3-digit ZIP regions in Washington was ZIP3 994 (Clarkston, WA area) at +4.7%, and the weakest was ZIP3 992 (Spokane, WA area) at -0.1%. 2 of 14 beat the national one-year change.