Total monthly cost of ownership
Cost to Own a Home in Langley, Washington
A $670,000 home here costs
$4,641per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,444. The real number is $1,197 higher every month — 35% 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.
Langley against Island County and Washington
| Measure | Langley | Island County |
|---|---|---|
| Median home value | $670,100 | $535,300 |
| Median property tax | $4,043 | $3,765 |
| Effective tax rate | 0.603% | 0.703% |
| Median gross rent | $1,413 | $1,631 |
| Population | 1,090 | 86,747 |
The weather behind that power bill
Langley sits in Island County, which averages a high of 70.5°F in its hottest month and a low of 36.2°F in its coldest, with 21.74" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 22 cooling and 5,402 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Island County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Island County
Full Island County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Langley?
A $670,000 home in Langley, Washington costs approximately $4,641 per month with 20% down at 6.66%. That is $3,444 principal and interest, $337 property tax, $99 homeowners insurance, $202 utilities and $558 set aside for maintenance.
What is the property tax rate in Langley?
Langley has an effective property tax rate of 0.603%, based on a median home value of $670,100 and median real estate taxes of $4,043. That is lower than the Island County average of 0.703%.
What is the average home price in Langley?
The median owner-occupied home value in Langley, Washington is $670,100, against $535,300 across Island County.
Is it cheaper to rent or buy in Langley?
Median gross rent in Langley is $1,413 a month, against $4,641 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 Langley — 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.