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Martha Lake

Learn about the people, housing, costs and businesses in Martha Lake, Washington

Median Home$824,449
Median Rent$2,427/month
Population22,355
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare5% professional services
Home Value Growth⬆⬆+16.5% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners59% of occupied units
NotableHighly Educated33% bachelor's · 13% graduate · top 5% nationally
NotableHigh Incomes$132k/year · top 6% nationally
Martha Lake
WA

Frequently Asked Questions

What are today's mortgage rates in Martha Lake?

As of today, the 30-year fixed mortgage rate for Martha Lake is approximately 6.784% (6.816% 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 Martha Lake?

The median home value in Martha Lake is $824k. The median monthly rent is $2,427. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Martha Lake?

Home values in Martha Lake have increased 16.5% 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 Martha Lake?

Based on a typical all-in ownership cost of $2,442/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martha Lake is $132k/year.

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What industries drive the economy in Martha Lake?

The largest employment sectors in Martha Lake are public administration (22%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.