Mortgage payment estimates, closing cost breakdowns, and homebuying data for Everett, Washington.
Median Home Price
$545K
Population
113K
Avg Monthly Rent
$1,750
Property Tax Rate
0.98% *
* Property tax shown is the Washington state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Everett.
Everett vs Washington Median
The median home price in Everett is $545,000, which is 6% below the Washington state median of $580,000.
Mortgage Calculator — Everett, WA
Pre-filled with Everett median home price and Washington tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $545K home using Washington's 0.98% tax rate and $1,600/yr insurance.
5% Down
$4,153/mo
Down: $27,250
Loan: $518K
P&I: $3,273
Tax: $445
Insurance: $133
PMI: $302
10% Down
$3,965/mo
Down: $54,500
Loan: $491K
P&I: $3,100
Tax: $445
Insurance: $133
PMI: $286
20% Down (No PMI)
$3,334/mo
Down: $109,000
Loan: $436K
P&I: $2,756
Tax: $445
Insurance: $133
Income needed (28% rule): $143K/year with 20% down, $170K/year with 10% down.
Rent vs Buy in Everett
Rent
$1,750/mo
vs
Buy (10% down)
$3,965/mo
Price-to-rent ratio: 26.0 — At a ratio above 20, renting may be more economical in Everett for shorter stays. Buying costs $2,215 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Everett is $545,000, 6% below the Washington state median of $580,000. With a population of 112,800, Everett is a mid-size city where home prices tend to be more accessible than in many parts of Washington.
Property taxes in Washington average 0.98% annually. This moderate property tax rate means a $545,000 home in Everett would carry roughly $445/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Everett is $1,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Everett is a higher-cost market. At $545K median, buyers need significant savings or strong income. Down payment assistance through Washington's WSHFC Home Advantage program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Everett.