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Union Hill-Novelty Hill

Learn about the people, housing, costs and businesses in Union Hill-Novelty Hill, Washington

Median Home$1,257,326
Median Rent$2,757/month
Population22,506
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services34% healthcare
Home Value Growth⬆⬆+12.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners81% of occupied units
NotableHigh Incomes$204k/year · top 1% nationally
NotableHighly Educated38% bachelor's · 27% graduate · top 2% nationally
Union Hill-Novelty Hill
WA

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Frequently Asked Questions

What are today's mortgage rates in Union Hill-Novelty Hill?

As of today, the 30-year fixed mortgage rate for Union Hill-Novelty Hill is approximately 6.781% (6.813% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Union Hill-Novelty Hill
What is the median home price in Union Hill-Novelty Hill?

The median home value in Union Hill-Novelty Hill is $1.3M. The median monthly rent is $2,757. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Union Hill-Novelty Hill?

Home values in Union Hill-Novelty Hill have increased 12.0% 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 Union Hill-Novelty Hill?

Based on a typical all-in ownership cost of $2,844/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $122k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Union Hill-Novelty Hill is $204k/year.

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What industries drive the economy in Union Hill-Novelty Hill?

The largest employment sectors in Union Hill-Novelty Hill are healthcare (34%) and arts, food, and hospitality (32%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.