2026 data · 0.84% property tax · Median home $520,300
Washington Mortgage Calculator
A median-priced home in Washington ($520,300) costs roughly $3,316 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Washington's effective property tax rate is 0.84% — close to the US average of about 1.0%.
Washington median-home monthly payment
$3,316/mo
P&I $2,769 · Tax $364 · Insurance $182
@ $520,300 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Washington
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $140 | $70 | $1,274 |
| $300,000 | $60,000 | $1,597 | $210 | $105 | $1,912 |
| $400,000 | $80,000 | $2,129 | $280 | $140 | $2,549 |
| $500,000 | $100,000 | $2,661 | $350 | $175 | $3,186 |
| $520,300 (state median) | $104,060 | $2,769 | $364 | $182 | $3,316 |
| $750,000 | $150,000 | $3,992 | $525 | $263 | $4,779 |
Calculations use Washington's 0.84% effective property tax rate, estimated homeowners insurance at 0.42%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Washington property tax
Effective rate
0.84%
Median home value
$520,300
Median property tax
$4,358/yr
Washington has below-average property tax rates and no state income tax. Senior/disabled exemption with income limits. Property tax levies limited to 1% annual increases.
See our property tax calculator for a state-by-state property tax breakdown, and our Washington paycheck calculator to estimate take-home pay against this monthly housing cost.
Washington vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Washington (this page) | 0.84% | $520,300 | $4,358 | |
| Idaho | 0.58% | $340,900 | $1,980 | Idaho mortgage → |
| Oregon | 0.87% | $410,800 | $3,528 | Oregon mortgage → |
FAQs about Washington mortgages
What is the property tax rate in Washington?
Washington's effective property tax rate is 0.84%, meaning the average homeowner pays roughly 0.84% of their home's value in property tax annually. On a $520,300 home (the state median), that's about $4,358 per year, or $363 per month added to your mortgage payment.
What is the average monthly mortgage payment in Washington?
For a home at Washington's median value of $520,300, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Washington's 0.84% property tax + estimated insurance, the typical monthly PITI payment is approximately $3,316. This includes $2,769 principal & interest, $364 property tax, and $182 homeowners insurance.
How much income do I need to buy a house in Washington?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $142,114 to comfortably afford Washington's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $92,540 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Washington a good state to buy a house?
Washington's combination of 0.84% property tax (near the national average of ~1.0%) and median home value of $520,300 puts it among the more expensive states for buyers, though long-term equity has historically been strong. Washington has below-average property tax rates and no state income tax.
How does Washington property tax compare to neighboring states?
Washington's 0.84% rate compares to: Idaho at 0.58%, Oregon at 0.87%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Washington have a homestead exemption?
Washington offers various property tax relief programs. Washington has below-average property tax rates and no state income tax. Senior/disabled exemption with income limits. Property tax levies limited to 1% annual increases. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Washington mortgage, the breakdown on a median-priced home would be: Principal & Interest $2,769, Property Tax $364, Homeowners Insurance $182. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.