The typical owner-occupied home in Latah is worth about $175,000, 69% below the Washington median of $564,600 and 47% below the national median of $332,700. Owners pay a median $1,472 a year in property taxes, about 0.84% of their home's value, close to the Washington rate of 0.81%. The median household earns $56,875 a year, so the median home costs 3.1 times the median income (5.8 times for Washington). 92% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Latah at a glance
| Latah | Washington | U.S. | |
|---|---|---|---|
| Median home value | $175,000 | $564,600 | $332,700 |
| Median property tax paid per year | $1,472 | $4,556 | $3,119 |
| Property tax as a share of value | 0.84% | 0.81% | 0.94% |
| Median household income | $56,875 | $98,141 | $80,734 |
| Homes lived in by their owners | 92% | 64% | 65% |
| Owner homes with a mortgage | 64% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,386 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 22.2% | 21.0% |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1938 | 1985 | 1980 |
| Vacant homes | 7.4% | 7.3% | 10.1% |
| Population | 235 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Latah
At this week's average 30-year rate of 7.11%, buying the median Latah home of $175,000 with 20% down costs about $1,137 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,429, 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 $48,738 for the 20%-down payment. That payment is 24% of the median Latah household income of $56,875; at that income and 20% down, the 28% guideline points to a home of about $204,000.
| Down payment | $35,000 |
|---|---|
| Loan amount | $140,000 |
| Principal and interest | $942 |
| Property taxes (0.84% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,137 |
Change the numbers in the calculator
| Down payment | $6,125 |
|---|---|
| Loan amount | $171,830 |
| Principal and interest | $1,156 |
| Property taxes (0.84% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,429 |
Change the numbers in the calculator
Questions about home buying in Latah
What is the median home value in Latah?
About $175,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Latah?
Homeowners pay a median $1,472 a year, which is about 0.84% 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 Latah?
For the median home with 20% down at 7.11%, the payment is about $1,137 a month. Keeping that under 28% of gross income takes about $48,738 a year.
More about Latah
- Mortgage Refinance in Latah
- Debt Relief in Latah
- Home Equity Loans in Latah
- 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