Total monthly cost of ownership
Cost to Own a Home in Moses Lake, Washington
A $278,000 home here costs
$2,109per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,429. The real number is $680 higher every month — 48% 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.
Moses Lake against Grant County and Washington
| Measure | Moses Lake | Grant County |
|---|---|---|
| Median home value | $278,100 | $275,700 |
| Median property tax | $2,454 | $2,268 |
| Effective tax rate | 0.882% | 0.823% |
| Median gross rent | $1,203 | $1,059 |
| Population | 25,594 | 100,428 |
The weather behind that power bill
Moses Lake sits in Grant County, which averages a high of 89.3°F in its hottest month and a low of 23.5°F in its coldest, with 7.58" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 843 cooling and 5,753 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
Full Grant County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Moses Lake?
A $278,000 home in Moses Lake, Washington costs approximately $2,109 per month with 20% down at 6.66%. That is $1,429 principal and interest, $204 property tax, $41 homeowners insurance, $202 utilities and $232 set aside for maintenance.
What is the property tax rate in Moses Lake?
Moses Lake has an effective property tax rate of 0.882%, based on a median home value of $278,100 and median real estate taxes of $2,454. That is higher than the Grant County average of 0.823%.
What is the average home price in Moses Lake?
The median owner-occupied home value in Moses Lake, Washington is $278,100, against $275,700 across Grant County.
Is it cheaper to rent or buy in Moses Lake?
Median gross rent in Moses Lake is $1,203 a month, against $2,109 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 Moses 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.