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Woodway

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

Median Home$1,994,492
Median Rent$2,142/month
Population1,254
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education31% healthcare
Home Value Growth+2.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners95% of occupied units
NotableHighly Educated43% bachelor's · 17% graduate · top 1% nationally
NotableHigh Incomes$201k/year · top 1% nationally
Woodway
WA

Frequently Asked Questions

What are today's mortgage rates in Woodway?

As of today, the 30-year fixed mortgage rate for Woodway is approximately 6.997% (7.029% 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 Woodway?

The median home value in Woodway is $2.0M. The median monthly rent is $2,142. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodway?

Home values in Woodway have increased 2.8% over the past two years. The market has been relatively stable. 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 Woodway?

Based on a typical all-in ownership cost of $3,293/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $141k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodway is $201k/year.

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What industries drive the economy in Woodway?

The largest employment sectors in Woodway are healthcare (31%) and arts, food, and hospitality (29%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.