Olympia-Lacey-Tumwater Metro Area, WA Housing

The housing market in Olympia-Tumwater, WA Metro Area is quite strong. The median value of homes is $495,000 which is significantly higher than the national median of $338,100. Over the past year, appreciation for houses in the area has been 8.46%, slightly higher than the US average of 8.27%. This indicates that the housing market in this area is healthy and stable and shows signs of growth.

The median home cost in Olympia-Lacey-Tumwater Metro Area is $495,000. Home appreciation the last 10 years has been 140.9%. Home Appreciation in Olympia-Lacey-Tumwater Metro Area is up 16.1%.

Average Age of Homes

- The median age of Olympia-Lacey-Tumwater Metro Area real estate is 29 years old

The Rental Market in Olympia-Lacey-Tumwater Metro Area

- Renters make up 32.4% of the Olympia-Lacey-Tumwater Metro Area population
- 1.4% of houses and apartments in Olympia-Lacey-Tumwater Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Olympia-Lacey-Tumwater, Washington	United States
	120,086.0	139,647,020.0
	31	42
	$495,000	$338,100
	16.1%	16.6%
	84.1%	57.0%
	140.9%	101.1%
	$10.00	$10.98
	$3,446	$2,690
	63.7%	57.4%
	4.6%	11.2%
	31.7%	31.4%
Vacant Housing
	1.4%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	0.9%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	1.6%	2.4%
	1.0%	2.8%
	0.9%	3.9%
	0.6%	4.5%
	2.9%	11.3%
	5.3%	13.0%
	23.4%	20.1%
	27.6%	13.6%
	17.1%	8.3%
	13.6%	9.7%
	2.7%	3.9%
	1.0%	2.2%
	0.1%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	19.1%	13.6%
	19.1%	13.6%
	19.3%	13.6%
	14.8%	13.2%
	17.4%	14.8%
	19.3%	13.6%
	4.1%	10.0%
	2.5%	4.7%
	4.6%	12.2%

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