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City · 10,041 residents · Yakima County, Washington

Terrace Heights , Washington

In Terrace Heights, a typical home is worth $377,300 and typical rent is $1,196 a month. Compared with all of Yakima County, the typical home value is 22% higher and typical household income is 17% higher.

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  • Typical home value

    $377,300

    22% above the county

    33% below Washington

    • Terrace Heights
    • Yakima
    • Washington

  • Typical rent

    $1,196a month

    8% above the county

    32% below Washington

    • Terrace Heights
    • Yakima
    • Washington

  • Typical household income

    $83,016a year

    17% above the county

    15% below Washington

    • Terrace Heights
    • Yakima
    • Washington

  • Households that own their home

    62%

    About the same as the county

    2 points below Washington

    • Terrace Heights
    • Yakima
    • Washington

Source: U.S. Census Bureau, Average 2020–2024

Terrace Heights is in Yakima County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Yakima County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Terrace Heights apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Union Gap, the typical home value is $210,600: 44% less than in Terrace Heights ($377,300).

  2. Nearby, in Toppenish, the typical rent is $985: 18% less than in Terrace Heights ($1,196).

  3. The typical home in Terrace Heights is worth $377,300, 22% more than in Yakima County as a whole ($310,100).

  4. The typical household income in Terrace Heights is $83,016, 17% more than in Yakima County as a whole ($70,656).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Terrace Heights

What homes there are in Terrace Heights, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Terrace Heights: 66% of homes, near the figure in Yakima County (66%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,967 a month

Yakima County: $1,706 a month

Without a mortgage

$615 a month

Yakima County: $552 a month

Owners with a mortgage

60%

Yakima County: 57%

In Terrace Heights, 60% of owners have a mortgage, and their typical cost is $1,967 a month, against $1,706 in Yakima County. Without one it drops to $615.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Terrace Heights with 2015–2019 because its boundaries changed. In Yakima County, over that time, the typical home value rose 76%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureTerrace HeightsYakima CountyWashingtonUnited States
Rental vacancy Unreliable estimate2.4%4.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room Unreliable estimate7.3%3.5%3.4%
People per household 2.362.892.502.53
Drive alone 83%79%63%69%
Carpool Unreliable estimate11%9%9%
Public transit Unreliable estimate0%3%3%
Walk or bike Unreliable estimate1%4%3%
Work from home Unreliable estimate7%20%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.36 on average, against 2.89 in Yakima County.

The car rules in Terrace Heights: 83% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Terrace Heights?

A typical home costs more than the typical income allows

We start with a typical home in Terrace Heights, worth $377,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Terrace Heights, which is $83,016 a year. For that payment to be 28% of income, a household would need to earn about $134,787 a year.

The calculator's FHA and conventional loan limits are those of all of Yakima County.

Your numbers

Local data
$

Starts at the typical home value in Terrace Heights. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,206 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,145

at 7.18% · 30 years

Loan amount
$370,466
Total interest
$533,013
Paid off in
November 2056

Includes $6,372 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,937 a month

  • Tight

    $1,937 to $2,490 a month

  • Hard

    more than $2,490 a month

    Your payment · 45%

Compared with the typical household income in Terrace Heights ($83,016 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,145
Principal & interest$2,510
Property tax$311
Home insurance$157
FHA mortgage insurance (MIP)$167

You need at least $13,206 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Terrace Heights and Yakima County

Terrace Heights is in Yakima County, Washington. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Terrace Heights's own numbers

Typical home value
$377,300
Typical monthly rent
$1,196
Typical yearly household income
$83,016
Households that own their home
62%
Effective property tax rate
0.99%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Yakima County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,313
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Yakima County.

Everything about Yakima County

Buying

Buying a home in Terrace Heights

A typical home in Terrace Heights is worth $377,300: 22% above the county and 33% below Washington. With the typical household income in Terrace Heights ($83,016 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Terrace Heights 4.5 years
  • Yakima 4.4 years
  • Washington 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Yakima County

According to FHFA’s house price index, home prices in Yakima County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Yakima County.

Period County Washington U.S.
Last year (2025) +3.6% +1.8% +2.9%
5 years (2020–2025) +45% +44% +47%
10 years (2015–2025) +105% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Terrace Heights next to Yakima County, Washington and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Terrace Heights $377,300
  • Yakima $310,100
  • Washington $564,600
  • United States $332,700
Typical monthly rent
  • Terrace Heights $1,196
  • Yakima $1,109
  • Washington $1,760
  • United States $1,413
Typical yearly household income
  • Terrace Heights $83,016
  • Yakima $70,656
  • Washington $98,141
  • United States $80,734
See the full table
Terrace Heights next to Yakima County and Washington
Measure Terrace Heights Yakima County Washington U.S.
Typical home value $377,300 $310,100 $564,600 $332,700
Typical monthly rent $1,196 $1,109 $1,760 $1,413
Typical yearly household income $83,016 $70,656 $98,141 $80,734
Households that own their home 62% 62% 64% 65%
Typical yearly property tax $3,750 $2,463 $4,556 $3,119
Effective property tax rate 0.99% 0.79% 0.81% 0.94%
Renters with high rent for their income 49% 44% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Yakima County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Terrace Heights

For a typical $377,300 home in Terrace Heights, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Terrace Heights's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,145a month

    Least cash to close
    Down payment
    $13,206
    Cash to close
    $24,525
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $167

  • Conventional, 5% down $3,076a month

    Down payment
    $18,865
    Cash to close
    $30,184
    Rate
    7.18%
    Mortgage insurance
    PMI · $179

  • Conventional, 20% down, no PMI $2,513a month

    Down payment
    $75,460
    Cash to close
    $86,779
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,862a month

    Down payment
    $56,595
    Cash to close
    $67,914
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Terrace Heights and for Yakima County.

Property tax

Effective rate in Terrace Heights

0.99%of the home’s value each year

$3,750 a year for the typical owner in Terrace Heights.

  • Terrace Heights 0.99%
  • Yakima 0.79%
  • Washington 0.81%

What Washington publishes Exemption for people 61 and older or with disabilities (Washington State Department of Revenue)

Exemptions and deadlines in Washington

Flood risk in Yakima County

FEMA does not publish these numbers by city: they are for all of Yakima County.

Homes in the high-risk zone
5%
4,105
Of those, with NFIP insurance
16%
County Washington U.S.
Homes in the high-risk zone 5% 1.6% 3.5%
Of those, with NFIP insurance 16% 40% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Terrace Heights

Typical rent in Terrace Heights is $1,196 a month: 8% above the county. In Terrace Heights, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Yakima County, by unit size. To pay the 2-bedroom one ($1,313 a month) without spending more than 30% of your income, you would need to earn $25.25 an hour working full time.

HUD fair market rent for all of Yakima County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $997 $19.17 $39,880
1 bedroom $1,004 $19.31 $40,160
2 bedrooms $1,313 $25.25 $52,520
3 bedrooms $1,818 $34.96 $72,720
4 bedrooms $2,049 $39.40 $81,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Terrace Heights

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Terrace Heights is in ZIP code 98901.

For 2 bedrooms it is $1,310: $3 less than the fair market rent for Yakima County ($1,313).

  • 98901 $1,310$1,820

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Terrace Heights when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Terrace Heights

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Yakima County; 2 say they serve in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Terrace Heights

No down payment, repair or rent-help program on our list is for Terrace Heights or Yakima County. The ones below are statewide in Washington: they work in Terrace Heights the same as in the rest of the state.

Which programs do I qualify for? All programs in Washington

  • Home Advantage Downpayment Assistance

    Statewide in Washington

    Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • Covenant Homeownership Program

    Statewide in Washington

    Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • House Key Opportunity DPA

    Statewide in Washington

    Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

Housing counselors near Terrace Heights

The HUD-approved agencies closest to the center of Terrace Heights, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Oic of Washington

    815 Fruitvale Blvd, Yakima · 4 miles away · Spanish

    Also serves in Arabic, American Sign Language (ASL), Cambodian, Cantonese, and 18 more languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (509) 765-9206

  • Catholic Charities Housing Services

    5301 Tieton Dr, Yakima · 7 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (509) 759-7924

  • Tacoma/ Pierce County Habitat for Humanity

    4824 S Tacoma Way, Tacoma · 106 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    253-627-5626x120

Every agency in Yakima County All counseling agencies in Washington

Help in Spanish near Terrace Heights

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Terrace Heights

In HUD’s record, no housing authority with an office in Yakima County is named for Terrace Heights or Yakima County.

2 other authorities have an office in Yakima County: see the list Source: HUD

Cities

Other cities in Yakima County

These cities are also in Yakima County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Yakima County Housing in Washington

Nearby cities

The cities closest to Terrace Heights, with the typical home value.

Neighboring counties

If Yakima County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Terrace Heights.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Terrace Heights

Short answers with the numbers for Terrace Heights and all of Yakima County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Terrace Heights?

The typical home value in Terrace Heights is $377,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Yakima County it is $310,100.

How much does it cost to rent in Terrace Heights?

Typical rent in Terrace Heights is $1,196 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Yakima County is $1,313.

What is the FHA loan limit in Terrace Heights?

Terrace Heights uses the FHA limit for all of Yakima County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Terrace Heights?

The typical homeowner in Terrace Heights pays $3,750 a year, according to the U.S. Census Bureau. That is 0.99% of the home’s value; in Yakima County, the rate is 0.79%.

Where can I find free help to buy or rent in Terrace Heights?

There are 2 HUD-approved counseling agencies with an office in Yakima County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).