Total monthly cost of ownership
Cost to Own a Home in Waller, Washington
A $481,000 home here costs
$3,701per 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 $158,500 a year.
A standard mortgage calculator would have told you $2,622. The real number is $1,078 higher every month, 41% more than the payment most buyers budget for.
Compare Pierce County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Waller against Pierce County and Washington
| Measure | Waller | Pierce County |
|---|---|---|
| Median home value | $481,200 | $484,400 |
| Median property tax | $4,781 | $4,555 |
| Effective tax rate | 0.994% | 0.940% |
| Median gross rent | $1,785 | $1,722 |
| Population | 7,857 | 924,106 |
The weather behind that power bill
Waller sits in Pierce County, which averages a high of 76.5°F in its hottest month and a low of 32.9°F in its coldest, with 45.13" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 120 cooling and 5,397 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Pierce County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pierce County
Full Pierce County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Waller 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 Waller every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waller I already own here and may sell
Common questions
How much does it cost to own a home in Waller?
A $481,000 home in Waller, Washington costs approximately $3,701 per month with 20% down at 7.24%. That is $2,622 principal and interest, $398 property tax, $71 homeowners insurance, $208 utilities and $401 set aside for maintenance.
What is the property tax rate in Waller?
Waller has an effective property tax rate of 0.994%, based on a median home value of $481,200 and median real estate taxes of $4,781. That is higher than the Pierce County average of 0.940%.
What is the average home price in Waller?
The median owner-occupied home value in Waller, Washington is $481,200, against $484,400 across Pierce County.
Is it cheaper to rent or buy in Waller?
Median gross rent in Waller is $1,785 a month, against $3,701 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 Waller?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waller, Washington at today's rate takes a household income of roughly $158,500 a year. That covers the full $3,701 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waller, 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.