The typical owner-occupied home in Baring is worth about $617,200, 9% above the Washington median of $564,600 and 86% above the national median of $332,700. Owners pay a median $5,147 a year in property taxes, about 0.83% of their home's value, close to the Washington rate of 0.81%. The median household earns $79,659 a year, so the median home costs 7.7 times the median income (5.8 times for Washington). 92% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Baring at a glance
| Baring | Washington | U.S. | |
|---|---|---|---|
| Median home value | $617,200 | $564,600 | $332,700 |
| Median property tax paid per year | $5,147 | $4,556 | $3,119 |
| Property tax as a share of value | 0.83% | 0.81% | 0.94% |
| Median household income | $79,659 | $98,141 | $80,734 |
| Homes lived in by their owners | 92% | 64% | 65% |
| Owner homes with a mortgage | 48% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,213 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1971 | 1985 | 1980 |
| Vacant homes | 63.5% | 7.3% | 10.1% |
| Population | 177 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Baring
At this week's average 30-year rate of 7.11%, buying the median Baring home of $617,200 with 20% down costs about $4,006 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,034, 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 $171,669 for the 20%-down payment. That payment is 60% of the median Baring household income of $79,659; at that income and 20% down, the 28% guideline points to a home of about $286,000.
| Down payment | $123,440 |
|---|---|
| Loan amount | $493,760 |
| Principal and interest | $3,322 |
| Property taxes (0.83% a year) | $427 |
| Homeowners insurance (our estimate, 0.5% a year) | $257 |
| PMI | $0 |
| Total per month | $4,006 |
Change the numbers in the calculator
| Down payment | $21,602 |
|---|---|
| Loan amount | $606,021 |
| Principal and interest | $4,077 |
| Property taxes (0.83% a year) | $427 |
| Homeowners insurance (our estimate, 0.5% a year) | $257 |
| FHA mortgage insurance | $273 |
| Total per month | $5,034 |
Change the numbers in the calculator
Questions about home buying in Baring
What is the median home value in Baring?
About $617,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Baring?
Homeowners pay a median $5,147 a year, which is about 0.83% 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 Baring?
For the median home with 20% down at 7.11%, the payment is about $4,006 a month. Keeping that under 28% of gross income takes about $171,669 a year.
More about Baring
- Mortgage Refinance in Baring
- Debt Relief in Baring
- Home Equity Loans in Baring
- 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