Mortgage payment estimates, closing cost breakdowns, and homebuying data for Yakima, Washington.
Median Home Price
$295K
Population
97K
Avg Monthly Rent
$1,150
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 Yakima.
Yakima vs Washington Median
The median home price in Yakima is $295,000, which is 49% below the Washington state median of $580,000.
Mortgage Calculator — Yakima, WA
Pre-filled with Yakima median home price and Washington tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Washington's 0.98% tax rate and $1,600/yr insurance.
5% Down
$2,309/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $241
Insurance: $133
PMI: $163
10% Down
$2,207/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $241
Insurance: $133
PMI: $155
20% Down (No PMI)
$1,866/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $241
Insurance: $133
Income needed (28% rule): $80K/year with 20% down, $95K/year with 10% down.
Rent vs Buy in Yakima
Rent
$1,150/mo
vs
Buy (10% down)
$2,207/mo
Price-to-rent ratio: 21.4 — At a ratio above 20, renting may be more economical in Yakima for shorter stays. Buying costs $1,057 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 Yakima is $295,000, 49% below the Washington state median of $580,000. With a population of 96,968, Yakima 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 $295,000 home in Yakima would carry roughly $241/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Yakima is $1,150/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.
Yakima presents moderate affordability. The $295K 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 Yakima.