Mortgage Calculator & Closing Costs: Moses Lake, WA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Moses Lake, Washington.
Median Home Price
$325K
Population
25K
Avg Monthly Rent
$1,180
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 Moses Lake.
Moses Lake vs Washington Median
The median home price in Moses Lake is $325,000, which is 44% below the Washington state median of $580,000.
Mortgage Calculator — Moses Lake, WA
Pre-filled with Moses Lake median home price and Washington tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $325K home using Washington's 0.98% tax rate and $1,600/yr insurance.
5% Down
$2,530/mo
Down: $16,250
Loan: $309K
P&I: $1,952
Tax: $265
Insurance: $133
PMI: $180
10% Down
$2,418/mo
Down: $32,500
Loan: $293K
P&I: $1,849
Tax: $265
Insurance: $133
PMI: $171
20% Down (No PMI)
$2,042/mo
Down: $65,000
Loan: $260K
P&I: $1,643
Tax: $265
Insurance: $133
Income needed (28% rule): $88K/year with 20% down, $104K/year with 10% down.
Rent vs Buy in Moses Lake
Rent
$1,180/mo
vs
Buy (10% down)
$2,418/mo
Price-to-rent ratio: 23.0 — At a ratio above 20, renting may be more economical in Moses Lake for shorter stays. Buying costs $1,238 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 Moses Lake is $325,000, 44% below the Washington state median of $580,000. With a population of 25,148, Moses Lake is a smaller market 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 $325,000 home in Moses Lake would carry roughly $265/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Moses Lake is $1,180/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.
Moses Lake presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Moses Lake.