Total monthly cost of ownership
Cost to Own a Home in Ilwaco, Washington
A $355,000 home here costs
$2,752per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $118,000 a year.
A standard mortgage calculator would have told you $1,935. The real number is $816 higher every month, 42% more than the payment most buyers budget for.
Compare Pacific County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ilwaco from a five-year rolling sample, and with about 1,418 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pacific County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ilwaco against Pacific County and Washington
| Measure | Ilwaco | Pacific County |
|---|---|---|
| Median home value | $355,400 | $274,000 |
| Median property tax | $3,125 | $2,250 |
| Effective tax rate | 0.879% | 0.821% |
| Median gross rent | $1,250 | $962 |
| Population | 1,418 | 23,750 |
The weather behind that power bill
Ilwaco sits in Pacific County, which averages a high of 72.8°F in its hottest month and a low of 32.4°F in its coldest, with 83.65" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 44 cooling and 5,572 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Pacific County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pacific County
Full Pacific County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Ilwaco averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ilwaco every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ilwaco I already own here and may sell
Common questions
How much does it cost to own a home in Ilwaco?
A $355,000 home in Ilwaco, Washington costs approximately $2,752 per month with 20% down at 7.24%. That is $1,935 principal and interest, $260 property tax, $53 homeowners insurance, $208 utilities and $296 set aside for maintenance.
What is the property tax rate in Ilwaco?
Ilwaco has an effective property tax rate of 0.879%, based on a median home value of $355,400 and median real estate taxes of $3,125. That is higher than the Pacific County average of 0.821%.
What is the average home price in Ilwaco?
The median owner-occupied home value in Ilwaco, Washington is $355,400, against $274,000 across Pacific County.
Is it cheaper to rent or buy in Ilwaco?
Median gross rent in Ilwaco is $1,250 a month, against $2,752 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ilwaco?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ilwaco, Washington at today's rate takes a household income of roughly $118,000 a year. That covers the full $2,752 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ilwaco, 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.