Total monthly cost of ownership
Cost to Own a Home in Rocky Point, Washington
A $532,000 home here costs
$4,041per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $173,000 a year.
A standard mortgage calculator would have told you $2,900. The real number is $1,140 higher every month, 39% more than the payment most buyers budget for.
Compare Kitsap County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Rocky Point from a five-year rolling sample, and with about 1,648 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Kitsap County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Rocky Point against Kitsap County and Washington
| Measure | Rocky Point | Kitsap County |
|---|---|---|
| Median home value | $531,600 | $505,700 |
| Median property tax | $4,915 | $4,030 |
| Effective tax rate | 0.925% | 0.797% |
| Median gross rent | $1,560 | $1,741 |
| Population | 1,648 | 276,581 |
The weather behind that power bill
Rocky Point sits in Kitsap County, which averages a high of 77.3°F in its hottest month and a low of 35.0°F in its coldest, with 56.93" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 193 cooling and 4,825 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Kitsap County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kitsap County
Full Kitsap County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Rocky Point averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Rocky Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rocky Point I already own here and may sell
Common questions
How much does it cost to own a home in Rocky Point?
A $532,000 home in Rocky Point, Washington costs approximately $4,041 per month with 20% down at 7.24%. That is $2,900 principal and interest, $410 property tax, $79 homeowners insurance, $208 utilities and $443 set aside for maintenance.
What is the property tax rate in Rocky Point?
Rocky Point has an effective property tax rate of 0.925%, based on a median home value of $531,600 and median real estate taxes of $4,915. That is higher than the Kitsap County average of 0.797%.
What is the average home price in Rocky Point?
The median owner-occupied home value in Rocky Point, Washington is $531,600, against $505,700 across Kitsap County.
Is it cheaper to rent or buy in Rocky Point?
Median gross rent in Rocky Point is $1,560 a month, against $4,041 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Rocky Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rocky Point, Washington at today's rate takes a household income of roughly $173,000 a year. That covers the full $4,041 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rocky Point, 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.