Quick facts: Ravensdale, WA

Quick Facts

115.1
Cost of Living
above US average
370
Population
59.46
Crime Rate per 1000
above US average
$138,879
Median Income
above US average
$749,000
Median House Price
above US average
$1979
Average Rent
above US average
5%
Poverty Rate
below US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $138,879.

🏠

Income Needed to Buy

βœ— Stretch
$235k/year
Based on $749,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $138,879
🏒

Income Needed to Rent

βœ“ Affordable
$85k/year
Based on $1979/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($138,879) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ravensdale, WA

Ravensdale is a quaint community located in King County, Washington, nestled in the picturesque foothills of the Cascade Mountains. The town, with a population of just around 1,000 residents, offers a serene rural atmosphere while being conveniently close to larger urban centers like Seattle and Tacoma, which are approximately 30 miles to the northwest and south, respectively. Surrounded by lush forests and scenic landscapes, Ravensdale is an ideal destination for outdoor enthusiasts, offering ample opportunities for hiking, biking, and enjoying nature. The nearby Raging River State Park provides beautiful trails and river access, perfect for picnics and relaxation. Despite its small size, Ravensdale boasts a strong sense of community, hosting local events and gatherings that bring residents together. The area has a friendly, small-town vibe, with charming homes and well-maintained parks. Residents and visitors alike can appreciate the tranquil lifestyle, making it a hidden gem in the heart of Washington state.

πŸ” Search & Compare Places

First Location πŸ“