Total monthly cost of ownership
Cost to Own a Home in Maltby, Washington
A $915,000 home here costs
$6,742per 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 $289,000 a year.
A standard mortgage calculator would have told you $4,989. The real number is $1,753 higher every month, 35% more than the payment most buyers budget for.
Compare Snohomish 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.
Maltby against Snohomish County and Washington
| Measure | Maltby | Snohomish County |
|---|---|---|
| Median home value | $914,800 | $644,600 |
| Median property tax | $7,770 | $5,121 |
| Effective tax rate | 0.849% | 0.794% |
| Median gross rent | $1,928 | $1,866 |
| Population | 10,859 | 834,648 |
The weather behind that power bill
Maltby sits in Snohomish County, which averages a high of 73.0°F in its hottest month and a low of 36.0°F in its coldest, with 33.37" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 97 cooling and 5,039 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Snohomish County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Snohomish County
Full Snohomish County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Maltby 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 Maltby every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Maltby I already own here and may sell
Common questions
How much does it cost to own a home in Maltby?
A $915,000 home in Maltby, Washington costs approximately $6,742 per month with 20% down at 7.24%. That is $4,989 principal and interest, $647 property tax, $136 homeowners insurance, $208 utilities and $763 set aside for maintenance.
What is the property tax rate in Maltby?
Maltby has an effective property tax rate of 0.849%, based on a median home value of $914,800 and median real estate taxes of $7,770. That is higher than the Snohomish County average of 0.794%.
What is the average home price in Maltby?
The median owner-occupied home value in Maltby, Washington is $914,800, against $644,600 across Snohomish County.
Is it cheaper to rent or buy in Maltby?
Median gross rent in Maltby is $1,928 a month, against $6,742 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 Maltby?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Maltby, Washington at today's rate takes a household income of roughly $289,000 a year. That covers the full $6,742 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Maltby, 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.