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Lake Morton-Berrydale

Learn about the people, housing, costs and businesses in Lake Morton-Berrydale, Washington

Median Home$741,073
Median Rent$2,279/month
Population11,101
Leading IndustriesWholesale Trade · Education · Healthcare13% wholesale trade
Home Value Growth+8.1% over 2 years
Young Adults25% of residents
Homeowners88% of occupied units
NotableHigh Incomes$131k/year · top 6% nationally
NotableHighly Educated25% bachelor's · 12% graduate · top 18% nationally
Lake Morton-Berrydale
WA

Explore Lake Morton-Berrydale

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Morton-Berrydale?

As of today, the 30-year fixed mortgage rate for Lake Morton-Berrydale is approximately 6.805% (6.838% 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 Lake Morton-Berrydale?

The median home value in Lake Morton-Berrydale is $741k. The median monthly rent is $2,279. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Morton-Berrydale?

Home values in Lake Morton-Berrydale have increased 8.1% 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 Lake Morton-Berrydale?

Based on a typical all-in ownership cost of $2,490/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $107k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Morton-Berrydale is $131k/year.

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What industries drive the economy in Lake Morton-Berrydale?

The largest employment sectors in Lake Morton-Berrydale are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.