Total monthly cost of ownership
Cost to Own a Home in Kitsap Lake, Washington
A $421,000 home here costs
$3,205per 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 $137,500 a year.
A standard mortgage calculator would have told you $2,295. The real number is $910 higher every month, 40% more than the payment most buyers budget for.
Compare Kitsap County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Kitsap Lake from a five-year rolling sample, and with about 1,879 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 Kitsap 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.
Kitsap Lake against Kitsap County and Washington
| Measure | Kitsap Lake | Kitsap County |
|---|---|---|
| Median home value | $421,200 | $505,700 |
| Median property tax | $3,467 | $4,030 |
| Effective tax rate | 0.823% | 0.797% |
| Median gross rent | $1,719 | $1,741 |
| Population | 1,879 | 276,581 |
The weather behind that power bill
Kitsap Lake 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 $140 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
Talk to someone who works this market
These are Kitsap Lake 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 Kitsap Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kitsap Lake I already own here and may sell
Common questions
How much does it cost to own a home in Kitsap Lake?
A $421,000 home in Kitsap Lake, Washington costs approximately $3,205 per month with 20% down at 7.24%. That is $2,295 principal and interest, $289 property tax, $62 homeowners insurance, $208 utilities and $351 set aside for maintenance.
What is the property tax rate in Kitsap Lake?
Kitsap Lake has an effective property tax rate of 0.823%, based on a median home value of $421,200 and median real estate taxes of $3,467. That is higher than the Kitsap County average of 0.797%.
What is the average home price in Kitsap Lake?
The median owner-occupied home value in Kitsap Lake, Washington is $421,200, against $505,700 across Kitsap County.
Is it cheaper to rent or buy in Kitsap Lake?
Median gross rent in Kitsap Lake is $1,719 a month, against $3,205 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 Kitsap Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kitsap Lake, Washington at today's rate takes a household income of roughly $137,500 a year. That covers the full $3,205 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kitsap Lake, 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.