The typical owner-occupied home in Valley is worth about $164,400, 71% below the Washington median of $564,600 and 51% below the national median of $332,700. Owners pay a median $1,017 a year in property taxes, about 0.62% of their home's value, lower than the Washington rate of 0.81%. 84% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Valley at a glance
| Valley | Washington | U.S. | |
|---|---|---|---|
| Median home value | $164,400 | $564,600 | $332,700 |
| Median property tax paid per year | $1,017 | $4,556 | $3,119 |
| Property tax as a share of value | 0.62% | 0.81% | 0.94% |
| Median household income | – | $98,141 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 38% | 66% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,445 | $1,963 |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1938 | 1985 | 1980 |
| Vacant homes | 0.0% | 7.3% | 10.1% |
| Population | 135 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Valley
At this week's average 30-year rate of 7.11%, buying the median Valley home of $164,400 with 20% down costs about $1,038 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,312, 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 $44,493 for the 20%-down payment.
| Down payment | $32,880 |
|---|---|
| Loan amount | $131,520 |
| Principal and interest | $885 |
| Property taxes (0.62% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,038 |
Change the numbers in the calculator
| Down payment | $5,754 |
|---|---|
| Loan amount | $161,422 |
| Principal and interest | $1,086 |
| Property taxes (0.62% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $73 |
| Total per month | $1,312 |
Change the numbers in the calculator
Questions about home buying in Valley
What is the median home value in Valley?
About $164,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Valley?
Homeowners pay a median $1,017 a year, which is about 0.62% 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 Valley?
For the median home with 20% down at 7.11%, the payment is about $1,038 a month. Keeping that under 28% of gross income takes about $44,493 a year.
More about Valley
- Mortgage Refinance in Valley
- Debt Relief in Valley
- Home Equity Loans in Valley
- 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