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Machias

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

Median Home$728,356
Median Rent$2,808/month
Population1,296
Leading IndustriesProfessional Services · Manufacturing · Finance & Insurance4% professional services
Home Value Growth⬆⬆+15.0% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners80% of occupied units
NotableHigh Incomes$141k/year · top 5% nationally
Machias
WA

Frequently Asked Questions

What are today's mortgage rates in Machias?

As of today, the 30-year fixed mortgage rate for Machias is approximately 7.253% (7.302% 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 Machias?

The median home value in Machias is $728k. The median monthly rent is $2,808. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Machias?

Home values in Machias have increased 15.0% 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 Machias?

Based on a typical all-in ownership cost of $2,667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Machias is $141k/year.

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What industries drive the economy in Machias?

The largest employment sectors in Machias are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.