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Hoquiam

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

Median Home$234,145
Median Rent$1,190/month
Population9,046
Leading IndustriesManufacturing · Education1% manufacturing
Home Value Growth+3.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners64% of occupied units
NotableTransit86/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Hoquiam
WA

Frequently Asked Questions

What are today's mortgage rates in Hoquiam?

As of today, the 30-year fixed mortgage rate for Hoquiam is approximately 7.021% (7.061% 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 Hoquiam?

The median home value in Hoquiam is $234k. The median monthly rent is $1,190. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hoquiam?

Home values in Hoquiam have increased 3.3% 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 Hoquiam?

Based on a typical all-in ownership cost of $1,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hoquiam is $57k/year.

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What industries drive the economy in Hoquiam?

The largest employment sectors in Hoquiam are public administration (24%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.