Seattle, WA variant. This is a Seattle, WA-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Seattle's $855,000 median home and 0.84% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Seattle
On the $855,000 median home with 20% down ($171,000), you'd finance $684,000. At 6.5% over 30 years, P&I ≈ $4,323/month.
Add Seattle's 0.84% property tax (≈ $599/month) plus insurance for the all-in payment.
About Seattle, WA
Seattle residents pay no state or city income tax, since Washington does not impose a personal income tax on wages.
Seattle is a high-cost housing market, with home prices and rents pushed up by strong technology-driven demand.
Seattle's economy is anchored by major technology and e-commerce companies, along with aerospace and global trade.
Worked example: $855,000 Seattle home
Loan $684,000 at 6.5% for 30 years → $4,323/mo P&I. Property tax ≈ $599/mo. Total before insurance ≈ $4,922/mo.
Quick reference
- Median home value: $855,000
- Median rent: $2,350/mo
- Median household income: $116,068
- Local sales tax: 10.35%
- Effective property tax rate: 0.84%
- Cost of living index: 152 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Seattle?
About $4,323/month P&I on the $855,000 median home with 20% down at 6.5%.
What is the property tax rate in Seattle?
About 0.84% of home value per year.