The typical home in Olympia, WA is worth about $535,000.
With 20% down that's a loan near $428,000 — the calculator
is pre-filled with that figure. As Washington's state capital, Olympia's job market leans heavily on state-government employment, giving it a steadier income base than most Puget Sound suburbs while still sharing in the region's high home prices.
$2,778.85 / month
Total interest
$572,381
Total paid
$1,000,381
Payoff
30.0 years
How much you need to earn
Olympia, WA's median household income is about
$82,000 a year. Under standard 28/36
lending rules that supports a home price around
$325,908 with 20% down —
below the $535,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Olympia, WA is about $1,850 a month, so owning the median home costs roughly
$1,421 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Olympia, WA?
On the metro's roughly $535,000 typical home with 20% down, the loan is about $428,000. Principal and interest run near $2,779 a month at today's rate, and Olympia, WA's property tax plus insurance add about $492, for a full payment near $3,271.
Can I afford a home in Olympia, WA on the median income?
The median household income is about $82,000 a year. Under standard 28/36 lending rules that supports a home price around $325,908 with 20% down — below the $535,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Olympia, WA?
Typical asking rent is about $1,850 a month. The full owner payment on a median home is near $3,271, so owning costs roughly $1,421 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Olympia, WA?
The effective property tax rate in the core county is about 0.87% of market value — roughly $4,655 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Olympia, WA rising or falling?
Home values are roughly flat over the past year. As Washington's state capital, Olympia's job market leans heavily on state-government employment, giving it a steadier income base than most Puget Sound suburbs while still sharing in the region's high home prices.