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Hat Island

Learn about the people, housing, costs and businesses in Hat Island, Washington

Median Home$637,600
Median Rent$3,088/month
Population92
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Construction3% professional services
Home Value Growth+7.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners88% of occupied units
NotableHigh Incomes$141k/year · top 5% nationally
Hat Island
WA

Frequently Asked Questions

What are today's mortgage rates in Hat Island?

As of today, the 30-year fixed mortgage rate for Hat Island 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 Hat Island?

The median home value in Hat Island is $638k. The median monthly rent is $3,088. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hat Island?

Home values in Hat Island have increased 7.6% 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 Hat Island?

Based on a typical all-in ownership cost of $2,396/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 Hat Island is $141k/year.

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What industries drive the economy in Hat Island?

The largest employment sectors in Hat Island are public administration (19%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.