The typical owner-occupied home in Ravensdale is worth about $1,400,000, 2.5 times the Washington median of $564,600 and 4.2 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.71% of their home's value, lower than the Washington rate of 0.81%. The median household earns $207,386 a year, so the median home costs 6.8 times the median income (5.8 times for Washington). 84% of occupied homes here are lived in by their owners, and 85% of those owners still have a mortgage.
Ravensdale at a glance
| Ravensdale | Washington | U.S. | |
|---|---|---|---|
| Median home value | $1,400,000 | $564,600 | $332,700 |
| Median property tax paid per year | $10,001 | $4,556 | $3,119 |
| Property tax as a share of value | 0.71% | 0.81% | 0.94% |
| Median household income | $207,386 | $98,141 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 85% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,625 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 2001 | 1985 | 1980 |
| Vacant homes | 0.0% | 7.3% | 10.1% |
| Population | 198 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Ravensdale
At this week's average 30-year rate of 7.11%, buying the median Ravensdale home of $1,400,000 with 20% down costs about $8,946 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $11,503, 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 $383,399 for the 20%-down payment. That payment is 52% of the median Ravensdale household income of $207,386; at that income and 20% down, the 28% guideline points to a home of about $757,000.
| Down payment | $280,000 |
|---|---|
| Loan amount | $1,120,000 |
| Principal and interest | $7,534 |
| Property taxes (0.71% a year) | $828 |
| Homeowners insurance (our estimate, 0.5% a year) | $583 |
| PMI | $0 |
| Total per month | $8,946 |
Change the numbers in the calculator
| Down payment | $49,000 |
|---|---|
| Loan amount | $1,374,642 |
| Principal and interest | $9,247 |
| Property taxes (0.71% a year) | $828 |
| Homeowners insurance (our estimate, 0.5% a year) | $583 |
| FHA mortgage insurance | $844 |
| Total per month | $11,503 |
Change the numbers in the calculator
Questions about home buying in Ravensdale
What is the median home value in Ravensdale?
About $1,400,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ravensdale?
Homeowners pay a median $10,001 a year, which is about 0.71% 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 Ravensdale?
For the median home with 20% down at 7.11%, the payment is about $8,946 a month. Keeping that under 28% of gross income takes about $383,399 a year.
More about Ravensdale
- Mortgage Refinance in Ravensdale
- Debt Relief in Ravensdale
- Home Equity Loans in Ravensdale
- 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