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Navy Yard

Learn about the people, housing, costs and businesses in Navy Yard, Washington

Median Home$357,836
Median Rent$1,043/month
Population2,922
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare4% transportation
Home Value Growth-1.0% over 2 years
Young Adults23% of residents
Renters51% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Navy Yard City
WA

Frequently Asked Questions

What are today's mortgage rates in Navy Yard?

As of today, the 30-year fixed mortgage rate for Navy Yard is approximately 6.910% (6.947% 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 Navy Yard?

The median home value in Navy Yard is $358k. The median monthly rent is $1,043. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Navy Yard?

Home values in Navy Yard have decreased 1.0% over the past two years. Buyers may find more negotiating room in this market. 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 Navy Yard?

Based on a typical all-in ownership cost of $1,407/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Navy Yard is $64k/year.

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What industries drive the economy in Navy Yard?

The largest employment sectors in Navy Yard are public administration (23%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.