Total monthly cost of ownership
Cost to Own a Home in Bainbridge Island, Washington
A $1,076,000 home here costs
$7,490per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $5,532. The real number is $1,958 higher every month — 35% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bainbridge Island against Kitsap County and Washington
| Measure | Bainbridge Island | Kitsap County |
|---|---|---|
| Median home value | $1,076,200 | $505,700 |
| Median property tax | $8,398 | $4,030 |
| Effective tax rate | 0.780% | 0.797% |
| Median gross rent | $2,081 | $1,741 |
| Population | 24,607 | 276,581 |
The weather behind that power bill
Bainbridge Island sits in Kitsap County, which averages a high of 77.3°F in its hottest month and a low of 35.0°F in its coldest, with 56.93" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 193 cooling and 4,825 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Kitsap County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kitsap County
Full Kitsap County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Bainbridge Island?
A $1,076,000 home in Bainbridge Island, Washington costs approximately $7,490 per month with 20% down at 6.66%. That is $5,532 principal and interest, $699 property tax, $160 homeowners insurance, $202 utilities and $897 set aside for maintenance.
What is the property tax rate in Bainbridge Island?
Bainbridge Island has an effective property tax rate of 0.780%, based on a median home value of $1,076,200 and median real estate taxes of $8,398. That is lower than the Kitsap County average of 0.797%.
What is the average home price in Bainbridge Island?
The median owner-occupied home value in Bainbridge Island, Washington is $1,076,200, against $505,700 across Kitsap County.
Is it cheaper to rent or buy in Bainbridge Island?
Median gross rent in Bainbridge Island is $2,081 a month, against $7,490 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bainbridge Island — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Washington.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.