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Hobart

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

Median Home$952,105
Median Rent$2,344/month
Population6,815
Leading IndustriesProfessional Services · Finance & Insurance · Transportation3% professional services
Home Value Growth⬆⬆+12.3% over 2 years
Young Adults23% of residents
Homeowners93% of occupied units
NotableHigh Incomes$152k/year · top 4% nationally
NotableHighly Educated33% hold a bachelor's degree · top 5% nationally
Hobart
WA

Frequently Asked Questions

What are today's mortgage rates in Hobart?

As of today, the 30-year fixed mortgage rate for Hobart is approximately 6.779% (6.811% 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 Hobart?

The median home value in Hobart is $952k. The median monthly rent is $2,344. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hobart?

Home values in Hobart have increased 12.3% 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 Hobart?

Based on a typical all-in ownership cost of $2,647/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $113k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hobart is $152k/year.

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What industries drive the economy in Hobart?

The largest employment sectors in Hobart are public administration (17%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.