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Three Lakes

Learn about the people, housing, costs and businesses in Three Lakes, Washington

Median Home$819,818
Median Rent$2,659/month
Population4,308
Leading IndustriesWholesale Trade · Professional Services · Arts, Food & Hospitality16% wholesale trade
Home Value Growth⬆⬆+14.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners95% of occupied units
NotableHigh Incomes$169k/year · top 2% nationally
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Three Lakes
WA

Frequently Asked Questions

What are today's mortgage rates in Three Lakes?

As of today, the 30-year fixed mortgage rate for Three Lakes is approximately 6.791% (6.823% 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 Three Lakes?

The median home value in Three Lakes is $820k. The median monthly rent is $2,659. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Three Lakes?

Home values in Three Lakes have increased 14.2% over the past two years. This indicates a strong appreciation trend. 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 Three Lakes?

Based on a typical all-in ownership cost of $2,682/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $115k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Three Lakes is $169k/year.

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What industries drive the economy in Three Lakes?

The largest employment sectors in Three Lakes are wholesale trade (16%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.