The typical owner-occupied home in Grayland is worth about $227,900, 60% below the Washington median of $564,600 and 31% below the national median of $332,700. Owners pay a median $2,161 a year in property taxes, about 0.95% of their home's value, higher than the Washington rate of 0.81%. The median household earns $39,273 a year, so the median home costs 5.8 times the median income (5.8 times for Washington). 81% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Grayland at a glance
| Grayland | Washington | U.S. | |
|---|---|---|---|
| Median home value | $227,900 | $564,600 | $332,700 |
| Median property tax paid per year | $2,161 | $4,556 | $3,119 |
| Property tax as a share of value | 0.95% | 0.81% | 0.94% |
| Median household income | $39,273 | $98,141 | $80,734 |
| Homes lived in by their owners | 81% | 64% | 65% |
| Owner homes with a mortgage | 38% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,379 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 24.5% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1977 | 1985 | 1980 |
| Vacant homes | 47.6% | 7.3% | 10.1% |
| Population | 708 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Grayland
At this week's average 30-year rate of 7.11%, buying the median Grayland home of $227,900 with 20% down costs about $1,502 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,882, 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 $64,365 for the 20%-down payment. That payment is 46% of the median Grayland household income of $39,273; at that income and 20% down, the 28% guideline points to a home of about $139,000.
| Down payment | $45,580 |
|---|---|
| Loan amount | $182,320 |
| Principal and interest | $1,226 |
| Property taxes (0.95% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,502 |
Change the numbers in the calculator
| Down payment | $7,976 |
|---|---|
| Loan amount | $223,772 |
| Principal and interest | $1,505 |
| Property taxes (0.95% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,882 |
Change the numbers in the calculator
Questions about home buying in Grayland
What is the median home value in Grayland?
About $227,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grayland?
Homeowners pay a median $2,161 a year, which is about 0.95% 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 Grayland?
For the median home with 20% down at 7.11%, the payment is about $1,502 a month. Keeping that under 28% of gross income takes about $64,365 a year.
More about Grayland
- Mortgage Refinance in Grayland
- Debt Relief in Grayland
- Home Equity Loans in Grayland
- 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