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Erlands Point

Learn about the people, housing, costs and businesses in Erlands Point, Washington

Median Home$644,100
Median Rent$1,776/month
Population994
Leading IndustriesProfessional Services · Transportation · Arts, Food & Hospitality3% professional services
Home Value Growth+0.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners79% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
NotableHighly Educated31% hold a bachelor's degree · top 7% nationally
Erlands Point
WA

Frequently Asked Questions

What are today's mortgage rates in Erlands Point?

As of today, the 30-year fixed mortgage rate for Erlands Point is approximately 6.852% (6.887% 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 Erlands Point?

The median home value in Erlands Point is $644k. The median monthly rent is $1,776. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Erlands Point?

Home values in Erlands Point have increased 0.9% 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 Erlands Point?

Based on a typical all-in ownership cost of $1,989/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Erlands Point is $122k/year.

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What industries drive the economy in Erlands Point?

The largest employment sectors in Erlands Point are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.