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Otis Orchards-East Farms

Learn about the people, housing, costs and businesses in Otis Orchards-East Farms, Washington

Median Home$415,300
Median Rent$1,172/month
Population5,745
Leading IndustriesTransportation · Wholesale Trade6% transportation
Home Value Growth-3.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners88% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Otis Orchards-East Farms
WA

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Frequently Asked Questions

What are today's mortgage rates in Otis Orchards-East Farms?

As of today, the 30-year fixed mortgage rate for Otis Orchards-East Farms is approximately 6.893% (6.929% 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 Otis Orchards-East Farms?

The median home value in Otis Orchards-East Farms is $415k. The median monthly rent is $1,172. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Otis Orchards-East Farms?

Home values in Otis Orchards-East Farms have decreased 3.6% 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 Otis Orchards-East Farms?

Based on a typical all-in ownership cost of $1,150/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Otis Orchards-East Farms is $83k/year.

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What industries drive the economy in Otis Orchards-East Farms?

The largest employment sectors in Otis Orchards-East Farms are public administration (17%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.