The city of Washougal originated as a provisioning camp for early explorers and fur traders. Washougal became known as Washougally Camp, which is thought to be a derivative of an Indian word meaning “rushing water.” The city is located on the Washington side of the Columbia River and has majestic views of Mt. Hood rising above the Cascade Mountains. Washougal is conveniently located within a 15-minute drive to Portland International Airport.
At the east border of Washougal’s location on the Columbia River is a popular tourist and wind surfing area. The Washougal River is excellent for fishing. The city and its parks provide excellent opportunities for hiking, picnics, and many more recreational activities. The climate is mild with an average of 50 inches of rain per year.
Property tax rates in Washougal are low with a rate of $14.22 per $1,000. Washington State does not have an income tax. The city of Washougal’s sales tax rate is 7.9% on all sales except food, medicine, and services.
Washougal Industrial Statistics
Port of Washougal/Camas: 155,000 SF approximately, Industrial Space with 100% occupancy.
Washougal WA Retail Investment Market Analysis
- The vacancy rate has decreased from 16% at the beginning of 2013 to 9% at the end of 2014
- There is a positive 12 Mo. Absorption rate being 8,972 from the 5-year average of -106
- The average cap rate in Washougal is 7% down from approx. 9% in early 2012
- Asking price for retail space is $142 PSF up from $130 PSF in 2013
Residential Market in Washougal, WA
Comparing the average price of homes sold in the twelve months ending March 31st of this year ($370,200) with the average price of homes in the twelve months ending March 2017 ($334,100) shows an increase of 10.8%. the same comparison of the median shows an increase of 12.6% over the same period, from $297,500 to $334,900.
The median sales price for Camas/Washougal is $414,500