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Chain Lake

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

Median Home$867,713
Median Rent$2,014/month
Population5,427
Leading IndustriesWholesale Trade · Professional Services · Education15% wholesale trade
Home Value Growth⬆⬆+13.2% over 2 years
Young Adults24% of residents
Homeowners90% of occupied units
NotableHigh Incomes$169k/year · top 2% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Chain Lake
WA

Frequently Asked Questions

What are today's mortgage rates in Chain Lake?

As of today, the 30-year fixed mortgage rate for Chain Lake is approximately 6.789% (6.821% 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 Chain Lake?

The median home value in Chain Lake is $868k. The median monthly rent is $2,014. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chain Lake?

Home values in Chain Lake have increased 13.2% over the past two years. This indicates a strong appreciation trend. 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 Chain Lake?

Based on a typical all-in ownership cost of $2,407/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $103k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chain Lake is $169k/year.

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What industries drive the economy in Chain Lake?

The largest employment sectors in Chain Lake are public administration (17%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.