The typical owner-occupied home in Raymond is worth about $267,500, 53% below the Washington median of $564,600 and 20% below the national median of $332,700. Owners pay a median $2,135 a year in property taxes, about 0.80% of their home's value, close to the Washington rate of 0.81%. The median household earns $48,516 a year, so the median home costs 5.5 times the median income (5.8 times for Washington). 79% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Raymond at a glance
| Raymond | Washington | U.S. | |
|---|---|---|---|
| Median home value | $267,500 | $564,600 | $332,700 |
| Median property tax paid per year | $2,135 | $4,556 | $3,119 |
| Property tax as a share of value | 0.80% | 0.81% | 0.94% |
| Median household income | $48,516 | $98,141 | $80,734 |
| Homes lived in by their owners | 79% | 64% | 65% |
| Owner homes with a mortgage | 50% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,523 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 29.7% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Rent as a share of renters' income | 26.2% | 30.0% | 30.6% |
| Median year homes were built | 1965 | 1985 | 1980 |
| Vacant homes | 7.6% | 7.3% | 10.1% |
| Population | 3,210 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Raymond
At this week's average 30-year rate of 7.11%, buying the median Raymond home of $267,500 with 20% down costs about $1,729 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,175, 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 $74,116 for the 20%-down payment. That payment is 43% of the median Raymond household income of $48,516; at that income and 20% down, the 28% guideline points to a home of about $175,000.
| Down payment | $53,500 |
|---|---|
| Loan amount | $214,000 |
| Principal and interest | $1,440 |
| Property taxes (0.80% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| PMI | $0 |
| Total per month | $1,729 |
Change the numbers in the calculator
| Down payment | $9,362 |
|---|---|
| Loan amount | $262,655 |
| Principal and interest | $1,767 |
| Property taxes (0.80% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| FHA mortgage insurance | $118 |
| Total per month | $2,175 |
Change the numbers in the calculator
Questions about home buying in Raymond
What is the median home value in Raymond?
About $267,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Raymond?
Homeowners pay a median $2,135 a year, which is about 0.80% 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 Raymond?
For the median home with 20% down at 7.11%, the payment is about $1,729 a month. Keeping that under 28% of gross income takes about $74,116 a year.
More about Raymond
- Mortgage Refinance in Raymond
- Debt Relief in Raymond
- Home Equity Loans in Raymond
- 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