The typical owner-occupied home in Anderson Island is worth about $546,300, 3% below the Washington median of $564,600 and 64% above the national median of $332,700. Owners pay a median $5,225 a year in property taxes, about 0.96% of their home's value, higher than the Washington rate of 0.81%. The median household earns $80,282 a year, so the median home costs 6.8 times the median income (5.8 times for Washington). 97% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Anderson Island at a glance
| Anderson Island | Washington | U.S. | |
|---|---|---|---|
| Median home value | $546,300 | $564,600 | $332,700 |
| Median property tax paid per year | $5,225 | $4,556 | $3,119 |
| Property tax as a share of value | 0.96% | 0.81% | 0.94% |
| Median household income | $80,282 | $98,141 | $80,734 |
| Homes lived in by their owners | 97% | 64% | 65% |
| Owner homes with a mortgage | 66% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,141 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 29.1% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1993 | 1985 | 1980 |
| Vacant homes | 26.3% | 7.3% | 10.1% |
| Population | 1,448 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Anderson Island
At this week's average 30-year rate of 7.11%, buying the median Anderson Island home of $546,300 with 20% down costs about $3,605 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,515, 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 $154,486 for the 20%-down payment. That payment is 54% of the median Anderson Island household income of $80,282; at that income and 20% down, the 28% guideline points to a home of about $284,000.
| Down payment | $109,260 |
|---|---|
| Loan amount | $437,040 |
| Principal and interest | $2,940 |
| Property taxes (0.96% a year) | $437 |
| Homeowners insurance (our estimate, 0.5% a year) | $228 |
| PMI | $0 |
| Total per month | $3,605 |
Change the numbers in the calculator
| Down payment | $19,120 |
|---|---|
| Loan amount | $536,405 |
| Principal and interest | $3,608 |
| Property taxes (0.96% a year) | $437 |
| Homeowners insurance (our estimate, 0.5% a year) | $228 |
| FHA mortgage insurance | $242 |
| Total per month | $4,515 |
Change the numbers in the calculator
Questions about home buying in Anderson Island
What is the median home value in Anderson Island?
About $546,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Anderson Island?
Homeowners pay a median $5,225 a year, which is about 0.96% 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 Anderson Island?
For the median home with 20% down at 7.11%, the payment is about $3,605 a month. Keeping that under 28% of gross income takes about $154,486 a year.
More about Anderson Island
- Mortgage Refinance in Anderson Island
- Debt Relief in Anderson Island
- Home Equity Loans in Anderson Island
- 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