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Bonney Lake

Learn about the people, housing, costs and businesses in Bonney Lake, Washington

Median Home$592,777
Median Rent$2,348/month
Population22,347
Leading IndustriesTransportation · Wholesale Trade · Professional Services4% transportation
Home Value Growth+5.9% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners82% of occupied units
NotableHigh Incomes$135k/year · top 6% nationally
NotableVeteran Community9% of residents · top 22% nationally
Bonney Lake
WA

Frequently Asked Questions

What are today's mortgage rates in Bonney Lake?

As of today, the 30-year fixed mortgage rate for Bonney Lake is approximately 6.836% (6.870% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bonney Lake?

The median home value in Bonney Lake is $593k. The median monthly rent is $2,348. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bonney Lake?

Home values in Bonney Lake have increased 5.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bonney Lake?

Based on a typical all-in ownership cost of $2,344/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $100k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bonney Lake is $135k/year.

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What industries drive the economy in Bonney Lake?

The largest employment sectors in Bonney Lake are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.