Total monthly cost of ownership
Cost to Own a Home in Port Ludlow, Washington
A $591,000 home here costs
$4,144per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,038. The real number is $1,106 higher every month — 36% 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.
Port Ludlow against Jefferson County and Washington
| Measure | Port Ludlow | Jefferson County |
|---|---|---|
| Median home value | $590,500 | $495,100 |
| Median property tax | $3,882 | $3,596 |
| Effective tax rate | 0.657% | 0.726% |
| Median gross rent | $1,909 | $1,291 |
| Population | 2,979 | 33,313 |
The weather behind that power bill
Port Ludlow sits in Jefferson County, which averages a high of 69.7°F in its hottest month and a low of 33.0°F in its coldest, with 29.41" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 23 cooling and 6,015 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Port Ludlow?
A $591,000 home in Port Ludlow, Washington costs approximately $4,144 per month with 20% down at 6.66%. That is $3,038 principal and interest, $324 property tax, $88 homeowners insurance, $202 utilities and $493 set aside for maintenance.
What is the property tax rate in Port Ludlow?
Port Ludlow has an effective property tax rate of 0.657%, based on a median home value of $590,500 and median real estate taxes of $3,882. That is lower than the Jefferson County average of 0.726%.
What is the average home price in Port Ludlow?
The median owner-occupied home value in Port Ludlow, Washington is $590,500, against $495,100 across Jefferson County.
Is it cheaper to rent or buy in Port Ludlow?
Median gross rent in Port Ludlow is $1,909 a month, against $4,144 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 Port Ludlow — 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.