How Much House Can I Afford on a 300k Income in Washington?
With a 300k income, you're right on target for purchasing a home in Washington. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $900,000 and $1,200,000.
In Seattle, the median home price is approximately $900,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.
Additionally, other cities like Spokane and Tacoma offer appealing options at around $500,000. With a property tax rate of 1.05%—amounting to roughly $9,450 per year—and a cost of living above the national average, your income comfortably supports homeownership across the state.