Total monthly cost of ownership
Cost to Own a Home in Shadow Lake, Washington
A $847,000 home here costs
$6,015per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,354. The real number is $1,661 higher every month — 38% 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.
Shadow Lake against King County and Washington
| Measure | Shadow Lake | King County |
|---|---|---|
| Median home value | $847,100 | $811,200 |
| Median property tax | $7,524 | $6,785 |
| Effective tax rate | 0.888% | 0.836% |
| Median gross rent | $1,443 | $2,035 |
| Population | 2,221 | 2,262,713 |
The weather behind that power bill
Shadow Lake sits in King County, which averages a high of 76.7°F in its hottest month and a low of 35.3°F in its coldest, with 63.28" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 151 cooling and 4,991 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for King County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in King County
Full King County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Shadow Lake?
A $847,000 home in Shadow Lake, Washington costs approximately $6,015 per month with 20% down at 6.66%. That is $4,354 principal and interest, $627 property tax, $126 homeowners insurance, $202 utilities and $706 set aside for maintenance.
What is the property tax rate in Shadow Lake?
Shadow Lake has an effective property tax rate of 0.888%, based on a median home value of $847,100 and median real estate taxes of $7,524. That is higher than the King County average of 0.836%.
What is the average home price in Shadow Lake?
The median owner-occupied home value in Shadow Lake, Washington is $847,100, against $811,200 across King County.
Is it cheaper to rent or buy in Shadow Lake?
Median gross rent in Shadow Lake is $1,443 a month, against $6,015 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 Shadow 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.