The typical owner-occupied home in Anacortes is worth about $696,700, 23% above the Washington median of $564,600 and 2.1 times the national median of $332,700. Owners pay a median $4,683 a year in property taxes, about 0.67% of their home's value, lower than the Washington rate of 0.81%. The median household earns $91,951 a year, so the median home costs 7.6 times the median income (5.8 times for Washington). 70% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Anacortes at a glance
| Anacortes | Washington | U.S. | |
|---|---|---|---|
| Median home value | $696,700 | $564,600 | $332,700 |
| Median property tax paid per year | $4,683 | $4,556 | $3,119 |
| Property tax as a share of value | 0.67% | 0.81% | 0.94% |
| Median household income | $91,951 | $98,141 | $80,734 |
| Homes lived in by their owners | 70% | 64% | 65% |
| Owner homes with a mortgage | 59% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,364 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 22.2% | 21.0% |
| Median rent | $1,702 | $1,760 | $1,413 |
| Rent as a share of renters' income | 29.6% | 30.0% | 30.6% |
| Median year homes were built | 1989 | 1985 | 1980 |
| Vacant homes | 7.9% | 7.3% | 10.1% |
| Population | 17,966 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Anacortes
At this week's average 30-year rate of 7.11%, buying the median Anacortes home of $696,700 with 20% down costs about $4,429 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,589, 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 $189,801 for the 20%-down payment. That payment is 58% of the median Anacortes household income of $91,951; at that income and 20% down, the 28% guideline points to a home of about $338,000.
The median rent here is $1,702 a month, so owning the median home costs about $2,727 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $139,340 |
|---|---|
| Loan amount | $557,360 |
| Principal and interest | $3,749 |
| Property taxes (0.67% a year) | $389 |
| Homeowners insurance (our estimate, 0.5% a year) | $290 |
| PMI | $0 |
| Total per month | $4,429 |
Change the numbers in the calculator
| Down payment | $24,384 |
|---|---|
| Loan amount | $684,081 |
| Principal and interest | $4,602 |
| Property taxes (0.67% a year) | $389 |
| Homeowners insurance (our estimate, 0.5% a year) | $290 |
| FHA mortgage insurance | $308 |
| Total per month | $5,589 |
Change the numbers in the calculator
Questions about home buying in Anacortes
What is the median home value in Anacortes?
About $696,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Anacortes?
Homeowners pay a median $4,683 a year, which is about 0.67% 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 Anacortes?
For the median home with 20% down at 7.11%, the payment is about $4,429 a month. Keeping that under 28% of gross income takes about $189,801 a year.
More about Anacortes
- Mortgage Refinance in Anacortes
- Debt Relief in Anacortes
- Home Equity Loans in Anacortes
- 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