Total monthly cost of ownership
Cost to Own a Home in Republic, Washington
A $228,000 home here costs
$1,725per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,172. The real number is $553 higher every month — 47% 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.
Republic against Ferry County and Washington
| Measure | Republic | Ferry County |
|---|---|---|
| Median home value | $228,300 | $274,500 |
| Median property tax | $1,519 | $1,792 |
| Effective tax rate | 0.665% | 0.653% |
| Median gross rent | $842 | $703 |
| Population | 1,043 | 7,326 |
The weather behind that power bill
Republic sits in Ferry County, which averages a high of 84.1°F in its hottest month and a low of 16.0°F in its coldest, with 18.08" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 167 cooling and 7,866 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Ferry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ferry County
No other places of this size are published in Ferry County.
Full Ferry County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Republic?
A $228,000 home in Republic, Washington costs approximately $1,725 per month with 20% down at 6.66%. That is $1,172 principal and interest, $126 property tax, $34 homeowners insurance, $202 utilities and $190 set aside for maintenance.
What is the property tax rate in Republic?
Republic has an effective property tax rate of 0.665%, based on a median home value of $228,300 and median real estate taxes of $1,519. That is higher than the Ferry County average of 0.653%.
What is the average home price in Republic?
The median owner-occupied home value in Republic, Washington is $228,300, against $274,500 across Ferry County.
Is it cheaper to rent or buy in Republic?
Median gross rent in Republic is $842 a month, against $1,725 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 Republic — 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.