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Packwood

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

Median Home$409,300
Median Rent$928/month
Population273
Leading IndustriesEducation · Manufacturing · Information & Media6% education
Home Value Growth⬇⬇-16.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners89% of occupied units
Packwood
WA

Frequently Asked Questions

What are today's mortgage rates in Packwood?

As of today, the 30-year fixed mortgage rate for Packwood is approximately 6.854% (6.889% 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 Packwood?

The median home value in Packwood is $409k. The median monthly rent is $928. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Packwood?

Home values in Packwood have decreased 16.4% 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 Packwood?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Packwood is $56k/year.

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What industries drive the economy in Packwood?

The largest employment sectors in Packwood are public administration (26%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.