The typical owner-occupied home in Hamilton is worth about $237,000, 58% below the Washington median of $564,600 and 29% below the national median of $332,700. Owners pay a median $1,910 a year in property taxes, about 0.81% of their home's value, close to the Washington rate of 0.81%. The median household earns $67,500 a year, so the median home costs 3.5 times the median income (5.8 times for Washington). 88% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Hamilton at a glance
| Hamilton | Washington | U.S. | |
|---|---|---|---|
| Median home value | $237,000 | $564,600 | $332,700 |
| Median property tax paid per year | $1,910 | $4,556 | $3,119 |
| Property tax as a share of value | 0.81% | 0.81% | 0.94% |
| Median household income | $67,500 | $98,141 | $80,734 |
| Homes lived in by their owners | 88% | 64% | 65% |
| Owner homes with a mortgage | 40% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,827 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 25.0% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1965 | 1985 | 1980 |
| Vacant homes | 7.1% | 7.3% | 10.1% |
| Population | 252 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Hamilton
At this week's average 30-year rate of 7.11%, buying the median Hamilton home of $237,000 with 20% down costs about $1,534 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,929, 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 $65,751 for the 20%-down payment. That payment is 27% of the median Hamilton household income of $67,500; at that income and 20% down, the 28% guideline points to a home of about $243,000.
| Down payment | $47,400 |
|---|---|
| Loan amount | $189,600 |
| Principal and interest | $1,275 |
| Property taxes (0.81% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,534 |
Change the numbers in the calculator
| Down payment | $8,295 |
|---|---|
| Loan amount | $232,707 |
| Principal and interest | $1,565 |
| Property taxes (0.81% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $1,929 |
Change the numbers in the calculator
Questions about home buying in Hamilton
What is the median home value in Hamilton?
About $237,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hamilton?
Homeowners pay a median $1,910 a year, which is about 0.81% 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 Hamilton?
For the median home with 20% down at 7.11%, the payment is about $1,534 a month. Keeping that under 28% of gross income takes about $65,751 a year.
More about Hamilton
- Mortgage Refinance in Hamilton
- Debt Relief in Hamilton
- Home Equity Loans in Hamilton
- 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