The typical owner-occupied home in Port Ludlow is worth about $635,600, 13% above the Washington median of $564,600 and 91% above the national median of $332,700. Owners pay a median $4,167 a year in property taxes, about 0.66% of their home's value, lower than the Washington rate of 0.81%. The median household earns $96,103 a year, so the median home costs 6.6 times the median income (5.8 times for Washington). 91% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Port Ludlow at a glance
| Port Ludlow | Washington | U.S. | |
|---|---|---|---|
| Median home value | $635,600 | $564,600 | $332,700 |
| Median property tax paid per year | $4,167 | $4,556 | $3,119 |
| Property tax as a share of value | 0.66% | 0.81% | 0.94% |
| Median household income | $96,103 | $98,141 | $80,734 |
| Homes lived in by their owners | 91% | 64% | 65% |
| Owner homes with a mortgage | 59% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,260 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 22.2% | 21.0% |
| Median rent | $2,213 | $1,760 | $1,413 |
| Rent as a share of renters' income | 28.3% | 30.0% | 30.6% |
| Median year homes were built | 1996 | 1985 | 1980 |
| Vacant homes | 13.4% | 7.3% | 10.1% |
| Population | 2,891 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Port Ludlow
At this week's average 30-year rate of 7.11%, buying the median Port Ludlow home of $635,600 with 20% down costs about $4,035 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,094, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $172,928 for the 20%-down payment. That payment is 50% of the median Port Ludlow household income of $96,103; at that income and 20% down, the 28% guideline points to a home of about $353,000.
The median rent here is $2,213 a month, so owning the median home costs about $1,822 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $127,120 |
|---|---|
| Loan amount | $508,480 |
| Principal and interest | $3,421 |
| Property taxes (0.66% a year) | $350 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| PMI | $0 |
| Total per month | $4,035 |
Change the numbers in the calculator
| Down payment | $22,246 |
|---|---|
| Loan amount | $624,088 |
| Principal and interest | $4,198 |
| Property taxes (0.66% a year) | $350 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| FHA mortgage insurance | $281 |
| Total per month | $5,094 |
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Questions about home buying in Port Ludlow
What is the median home value in Port Ludlow?
About $635,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Ludlow?
Homeowners pay a median $4,167 a year, which is about 0.66% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Port Ludlow?
For the median home with 20% down at 7.11%, the payment is about $4,035 a month. Keeping that under 28% of gross income takes about $172,928 a year.
More about Port Ludlow
- Mortgage Refinance in Port Ludlow
- Debt Relief in Port Ludlow
- Home Equity Loans in Port Ludlow
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data