The typical owner-occupied home in Puyallup is worth about $551,800, about the same as the Washington median of $564,600 and 66% above the national median of $332,700. Owners pay a median $4,950 a year in property taxes, about 0.90% of their home's value, higher than the Washington rate of 0.81%. The median household earns $97,826 a year, so the median home costs 5.6 times the median income (5.8 times for Washington). 52% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Puyallup at a glance
| Puyallup | Washington | U.S. | |
|---|---|---|---|
| Median home value | $551,800 | $564,600 | $332,700 |
| Median property tax paid per year | $4,950 | $4,556 | $3,119 |
| Property tax as a share of value | 0.90% | 0.81% | 0.94% |
| Median household income | $97,826 | $98,141 | $80,734 |
| Homes lived in by their owners | 52% | 64% | 65% |
| Owner homes with a mortgage | 74% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,509 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 22.2% | 21.0% |
| Median rent | $1,812 | $1,760 | $1,413 |
| Rent as a share of renters' income | 29.8% | 30.0% | 30.6% |
| Median year homes were built | 1987 | 1985 | 1980 |
| Vacant homes | 5.1% | 7.3% | 10.1% |
| Population | 42,746 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Puyallup
At this week's average 30-year rate of 7.11%, buying the median Puyallup home of $551,800 with 20% down costs about $3,613 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,533, 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 $154,859 for the 20%-down payment. That payment is 44% of the median Puyallup household income of $97,826; at that income and 20% down, the 28% guideline points to a home of about $349,000.
The median rent here is $1,812 a month, so owning the median home costs about $1,801 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $110,360 |
|---|---|
| Loan amount | $441,440 |
| Principal and interest | $2,970 |
| Property taxes (0.90% a year) | $414 |
| Homeowners insurance (our estimate, 0.5% a year) | $230 |
| PMI | $0 |
| Total per month | $3,613 |
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| Down payment | $19,313 |
|---|---|
| Loan amount | $541,806 |
| Principal and interest | $3,645 |
| Property taxes (0.90% a year) | $414 |
| Homeowners insurance (our estimate, 0.5% a year) | $230 |
| FHA mortgage insurance | $244 |
| Total per month | $4,533 |
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Questions about home buying in Puyallup
What is the median home value in Puyallup?
About $551,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Puyallup?
Homeowners pay a median $4,950 a year, which is about 0.90% 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 Puyallup?
For the median home with 20% down at 7.11%, the payment is about $3,613 a month. Keeping that under 28% of gross income takes about $154,859 a year.
More about Puyallup
- Mortgage Refinance in Puyallup
- Debt Relief in Puyallup
- Home Equity Loans in Puyallup
- 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