Compare Pasco, WA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Pasco.
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November 29, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Pasco. Understand how much you need to earn to afford a home in Pasco, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pasco fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Pasco is right for you.
The median home value for Pasco, WA (Franklin County) is $356,987
Based on current mortgage rates and a 10% down payment, you need to make $74,473 per year to buy the median priced home in Pasco
With this income, you could qualify for a $321,288 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Pasco is $1,725
The median household income for Pasco, WA (Franklin County) is $83,136
Based on this income, you can afford a home valued at approximately $398,513
The home price you can afford to buy based on household income in Pasco is 112% of the median home value which means housing prices are average. Pasco (Franklin County) ranks 5 out of 39 counties in Washington and 2,651 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Pasco, WA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pasco (Franklin County) below.
Conforming loan limits for Pasco, WA
FHA loan limits for Pasco, WA
VA loan limits for Pasco, WA