Total monthly cost of ownership
Cost to Own a Home in Pasco, Washington
A $345,000 home here costs
$2,532per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,774. The real number is $758 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.
Pasco against Franklin County and Washington
| Measure | Pasco | Franklin County |
|---|---|---|
| Median home value | $344,700 | $345,700 |
| Median property tax | $2,600 | $2,638 |
| Effective tax rate | 0.754% | 0.763% |
| Median gross rent | $1,201 | $1,171 |
| Population | 78,446 | 97,676 |
The weather behind that power bill
Pasco sits in Franklin County, which averages a high of 89.6°F in its hottest month and a low of 26.6°F in its coldest, with 8.83" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 610 cooling and 5,450 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Pasco?
A $345,000 home in Pasco, Washington costs approximately $2,532 per month with 20% down at 6.66%. That is $1,774 principal and interest, $217 property tax, $51 homeowners insurance, $202 utilities and $288 set aside for maintenance.
What is the property tax rate in Pasco?
Pasco has an effective property tax rate of 0.754%, based on a median home value of $344,700 and median real estate taxes of $2,600. That is in line with the Franklin County average of 0.763%.
What is the average home price in Pasco?
The median owner-occupied home value in Pasco, Washington is $344,700, against $345,700 across Franklin County.
Is it cheaper to rent or buy in Pasco?
Median gross rent in Pasco is $1,201 a month, against $2,532 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 Pasco — 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.