Total monthly cost of ownership
Cost to Own a Home in Home, Washington
A $405,000 home here costs
$2,969per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,082. The real number is $887 higher every month — 43% 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.
Home against Pierce County and Washington
| Measure | Home | Pierce County |
|---|---|---|
| Median home value | $404,700 | $484,400 |
| Median property tax | $3,441 | $4,555 |
| Effective tax rate | 0.850% | 0.940% |
| Median gross rent | — | $1,722 |
| Population | 1,718 | 924,106 |
The weather behind that power bill
Home sits in Pierce County, which averages a high of 76.5°F in its hottest month and a low of 32.9°F in its coldest, with 45.13" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 120 cooling and 5,397 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Pierce County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pierce County
Full Pierce County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Home?
A $405,000 home in Home, Washington costs approximately $2,969 per month with 20% down at 6.66%. That is $2,082 principal and interest, $287 property tax, $60 homeowners insurance, $202 utilities and $338 set aside for maintenance.
What is the property tax rate in Home?
Home has an effective property tax rate of 0.850%, based on a median home value of $404,700 and median real estate taxes of $3,441. That is lower than the Pierce County average of 0.940%.
What is the average home price in Home?
The median owner-occupied home value in Home, Washington is $404,700, against $484,400 across Pierce County.
Is it cheaper to rent or buy in Home?
Rent data is not published for Home at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Home — 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.