Quick facts: Bothell, WA

Quick Facts

115.1
Cost of Living
above US average
49,017
Population
20.85
Crime Rate per 1000
below US average
$127,944
Median Income
above US average
$998,000
Median House Price
above US average
$2729.0
Average Rent
above US average
6%
Poverty Rate
below US average
4.8%
Unemployment Rate
above 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 $127,944.

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Income Needed to Buy

βœ— Stretch
$313k/year
Based on $998,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $313k vs median $127,944
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Income Needed to Rent

βœ“ Affordable
$117k/year
Based on $2729.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($127,944) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bothell, WA

Bothell, Washington, is a vibrant city located in both King and Snohomish counties, situated just north of Seattle and adjacent to Lake Washington. As of the 2020 census, it has a population of approximately 46,000 residents. Known for its picturesque landscapes, Bothell offers a mix of suburban charm and urban convenience. The city features a growing downtown area with a variety of shops, restaurants, and cafes, making it a focal point for community events. Outdoor enthusiasts can enjoy numerous parks and trails, including the popular Bothell Landing Park along the Sammamish River and the scenic wayfinding trails in the area. Bothell is also home to several educational institutions, including the University of Washington Bothell, which contributes to its youthful and diverse population. The city’s economy is bolstered by a mix of technology companies and small businesses, and it is conveniently located near major highways, providing easy access to Seattle and surrounding areas. Overall, Bothell is an attractive destination for families and professionals seeking a community-oriented lifestyle with the benefits of proximity to a major urban center.

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