Total monthly cost of ownership
Cost to Own a Home in Chico, Washington
A $620,000 home here costs
$4,441per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,187. The real number is $1,253 higher every month — 39% 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.
Chico against Kitsap County and Washington
| Measure | Chico | Kitsap County |
|---|---|---|
| Median home value | $620,300 | $505,700 |
| Median property tax | $5,307 | $4,030 |
| Effective tax rate | 0.856% | 0.797% |
| Median gross rent | $1,724 | $1,741 |
| Population | 3,016 | 276,581 |
The weather behind that power bill
Chico 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 Chico?
A $620,000 home in Chico, Washington costs approximately $4,441 per month with 20% down at 6.66%. That is $3,187 principal and interest, $442 property tax, $92 homeowners insurance, $202 utilities and $517 set aside for maintenance.
What is the property tax rate in Chico?
Chico has an effective property tax rate of 0.856%, based on a median home value of $620,300 and median real estate taxes of $5,307. That is higher than the Kitsap County average of 0.797%.
What is the average home price in Chico?
The median owner-occupied home value in Chico, Washington is $620,300, against $505,700 across Kitsap County.
Is it cheaper to rent or buy in Chico?
Median gross rent in Chico is $1,724 a month, against $4,441 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 Chico — 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.