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Carnation

Learn about the people, housing, costs and businesses in Carnation, Washington

Median Home$969,000
Median Rent$2,175/month
Population2,278
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Education4% professional services
Home Value Growth+0.8% over 2 years
Young Adults25% of residents
Homeowners92% of occupied units
NotableHigh Incomes$178k/year · top 2% nationally
NotableHighly Educated34% bachelor's · 14% graduate · top 4% nationally
Carnation
WA

Frequently Asked Questions

What are today's mortgage rates in Carnation?

As of today, the 30-year fixed mortgage rate for Carnation is approximately 6.778% (6.810% 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 Carnation?

The median home value in Carnation is $969k. The median monthly rent is $2,175. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carnation?

Home values in Carnation have increased 0.8% over the past two years. The market has been relatively stable. 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 Carnation?

Based on a typical all-in ownership cost of $3,215/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $138k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carnation is $178k/year.

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What industries drive the economy in Carnation?

The largest employment sectors in Carnation are healthcare (17%) and arts, food, and hospitality (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.