Total monthly cost of ownership
Cost to Own a Home in Wapato, Washington
A $178,000 home here costs
$1,408per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $915. The real number is $493 higher every month — 54% 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.
Wapato against Yakima County and Washington
| Measure | Wapato | Yakima County |
|---|---|---|
| Median home value | $177,600 | $281,100 |
| Median property tax | $1,390 | $2,299 |
| Effective tax rate | 0.783% | 0.818% |
| Median gross rent | $931 | $1,068 |
| Population | 4,577 | 256,605 |
The weather behind that power bill
Wapato sits in Yakima County, which averages a high of 89.9°F in its hottest month and a low of 23.1°F in its coldest, with 8.01" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 606 cooling and 5,756 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Yakima County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yakima County
Full Yakima County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Wapato?
A $178,000 home in Wapato, Washington costs approximately $1,408 per month with 20% down at 6.66%. That is $915 principal and interest, $116 property tax, $26 homeowners insurance, $202 utilities and $148 set aside for maintenance.
What is the property tax rate in Wapato?
Wapato has an effective property tax rate of 0.783%, based on a median home value of $177,600 and median real estate taxes of $1,390. That is lower than the Yakima County average of 0.818%.
What is the average home price in Wapato?
The median owner-occupied home value in Wapato, Washington is $177,600, against $281,100 across Yakima County.
Is it cheaper to rent or buy in Wapato?
Median gross rent in Wapato is $931 a month, against $1,408 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 Wapato — 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.