Total monthly cost of ownership
Cost to Own a Home in Mead, Washington
A $380,000 home here costs
$2,802per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,954. The real number is $848 higher every month — 43% 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.
Mead against Spokane County and Washington
| Measure | Mead | Spokane County |
|---|---|---|
| Median home value | $379,600 | $370,500 |
| Median property tax | $3,271 | $3,196 |
| Effective tax rate | 0.862% | 0.863% |
| Median gross rent | $1,216 | $1,200 |
| Population | 7,184 | 544,323 |
The weather behind that power bill
Mead sits in Spokane County, which averages a high of 87.1°F in its hottest month and a low of 25.7°F in its coldest, with 17.36" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 507 cooling and 6,019 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Spokane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Spokane County
Full Spokane County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Mead?
A $380,000 home in Mead, Washington costs approximately $2,802 per month with 20% down at 6.66%. That is $1,954 principal and interest, $273 property tax, $56 homeowners insurance, $202 utilities and $317 set aside for maintenance.
What is the property tax rate in Mead?
Mead has an effective property tax rate of 0.862%, based on a median home value of $379,600 and median real estate taxes of $3,271. That is in line with the Spokane County average of 0.863%.
What is the average home price in Mead?
The median owner-occupied home value in Mead, Washington is $379,600, against $370,500 across Spokane County.
Is it cheaper to rent or buy in Mead?
Median gross rent in Mead is $1,216 a month, against $2,802 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 Mead — 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.