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Prairie Ridge

Learn about the people, housing, costs and businesses in Prairie Ridge, Washington

Median Home$496,145
Median Rent$2,314/month
Population13,132
Leading IndustriesFinance & Insurance · Wholesale Trade · Retail8% finance & insurance
Home Value Growth+9.2% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$119k/year · top 9% nationally
Prairie Ridge
WA

Frequently Asked Questions

What are today's mortgage rates in Prairie Ridge?

As of today, the 30-year fixed mortgage rate for Prairie Ridge is approximately 6.828% (6.862% 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 Prairie Ridge?

The median home value in Prairie Ridge is $496k. The median monthly rent is $2,314. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prairie Ridge?

Home values in Prairie Ridge have increased 9.2% over the past two years. This represents moderate growth. 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 Prairie Ridge?

Based on a typical all-in ownership cost of $2,075/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prairie Ridge is $119k/year.

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What industries drive the economy in Prairie Ridge?

The largest employment sectors in Prairie Ridge are retail (16%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.