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Steilacoom

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

Median Home$650,265
Median Rent$1,808/month
Population6,677
Leading IndustriesArts, Food & Hospitality · Professional Services · Finance & Insurance8% arts, food & hospitality
Home Value Growth+5.2% over 2 years
Family-Friendly29% of residentswell above average
Homeowners66% of occupied units
NotableHigh Incomes$101k/year · top 17% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Steilacoom
WA

Frequently Asked Questions

What are today's mortgage rates in Steilacoom?

As of today, the 30-year fixed mortgage rate for Steilacoom is approximately 6.855% (6.890% 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 Steilacoom?

The median home value in Steilacoom is $650k. The median monthly rent is $1,808. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steilacoom?

Home values in Steilacoom have increased 5.2% 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 Steilacoom?

Based on a typical all-in ownership cost of $1,845/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Steilacoom is $101k/year.

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What industries drive the economy in Steilacoom?

The largest employment sectors in Steilacoom are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.