Total monthly cost of ownership
Cost to Own a Home in Kennewick, Washington
A $344,000 home here costs
$2,669per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $114,500 a year.
A standard mortgage calculator would have told you $1,905. The real number is $763 higher every month, 40% more than the payment most buyers budget for.
Compare Benton County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Kennewick against Benton County and Washington
| Measure | Kennewick | Benton County |
|---|---|---|
| Median home value | $343,600 | $369,400 |
| Median property tax | $2,602 | $2,910 |
| Effective tax rate | 0.757% | 0.788% |
| Median gross rent | $1,199 | $1,256 |
| Population | 84,389 | 210,224 |
The weather behind that power bill
Kennewick sits in Benton County, which averages a high of 92.5°F in its hottest month and a low of 27.3°F in its coldest, with 7.62" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 788 cooling and 5,011 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Benton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Full Benton County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Kennewick 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 Kennewick every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kennewick I already own here and may sell
Common questions
How much does it cost to own a home in Kennewick?
A $344,000 home in Kennewick, Washington costs approximately $2,669 per month with 20% down at 7.4%. That is $1,905 principal and interest, $217 property tax, $51 homeowners insurance, $208 utilities and $287 set aside for maintenance.
What is the property tax rate in Kennewick?
Kennewick has an effective property tax rate of 0.757%, based on a median home value of $343,600 and median real estate taxes of $2,602. That is lower than the Benton County average of 0.788%.
What is the average home price in Kennewick?
The median owner-occupied home value in Kennewick, Washington is $343,600, against $369,400 across Benton County.
Is it cheaper to rent or buy in Kennewick?
Median gross rent in Kennewick is $1,199 a month, against $2,669 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 Kennewick?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kennewick, Washington at today's rate takes a household income of roughly $114,500 a year. That covers the full $2,669 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kennewick, 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.