The typical owner-occupied home in Nespelem is worth about $120,000, 79% below the Washington median of $564,600 and 64% below the national median of $332,700. Owners pay a median $767 a year in property taxes, about 0.64% of their home's value, lower than the Washington rate of 0.81%. The median household earns $67,500 a year, so the median home costs 1.8 times the median income (5.8 times for Washington). 71% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Nespelem at a glance
| Nespelem | Washington | U.S. | |
|---|---|---|---|
| Median home value | $120,000 | $564,600 | $332,700 |
| Median property tax paid per year | $767 | $4,556 | $3,119 |
| Property tax as a share of value | 0.64% | 0.81% | 0.94% |
| Median household income | $67,500 | $98,141 | $80,734 |
| Homes lived in by their owners | 71% | 64% | 65% |
| Owner homes with a mortgage | 27% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $933 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 22.2% | 21.0% |
| Median rent | $1,167 | $1,760 | $1,413 |
| Rent as a share of renters' income | 16.7% | 30.0% | 30.6% |
| Median year homes were built | 1981 | 1985 | 1980 |
| Vacant homes | 18.4% | 7.3% | 10.1% |
| Population | 151 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Nespelem
At this week's average 30-year rate of 7.11%, buying the median Nespelem home of $120,000 with 20% down costs about $760 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $960, 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 $32,563 for the 20%-down payment. That payment is 14% of the median Nespelem household income of $67,500; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $1,167 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,000 |
|---|---|
| Loan amount | $96,000 |
| Principal and interest | $646 |
| Property taxes (0.64% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $760 |
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| Down payment | $4,200 |
|---|---|
| Loan amount | $117,826 |
| Principal and interest | $793 |
| Property taxes (0.64% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $960 |
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Questions about home buying in Nespelem
What is the median home value in Nespelem?
About $120,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nespelem?
Homeowners pay a median $767 a year, which is about 0.64% 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 Nespelem?
For the median home with 20% down at 7.11%, the payment is about $760 a month. Keeping that under 28% of gross income takes about $32,563 a year.
More about Nespelem
- Mortgage Refinance in Nespelem
- Debt Relief in Nespelem
- Home Equity Loans in Nespelem
- 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