Zip 98501 (Olympia, WA) Housing

The housing market in 98501 Olympia, WA has a median value of $526,900, which is almost 55% higher than the national average median value of $338,100. The one year appreciation rate for houses in the 98501 zip code is 8.98%, higher than the national average of 8.27%. This suggests that the housing market in this area is strong and continues to appreciate over time. With a median value well above the national average, it's clear that this area is an attractive option for potential home buyers looking to invest in real estate.

The median home cost in Olympia (zip 98501) is $526,900. Home appreciation the last 10 years has been 140.9%. Home Appreciation in Olympia (zip 98501) is up 16.1%.

Average Age of Homes

- The median age of Olympia (zip 98501) real estate is 35 years old

The Rental Market in Olympia (zip 98501)

- Renters make up 36.5% of the Olympia (zip 98501) population
- 1.6% of houses and apartments in Olympia (zip 98501), 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, Washington	United States
	19,140.0	139,647,020.0
	36	42
	$526,900	$338,100
	16.1%	16.6%
	84.1%	57.0%
	140.9%	101.1%
	$10.44	$10.98
	$3,980	$2,690
	56.0%	57.4%
	4.3%	11.2%
	39.7%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	0.4%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.5%	2.4%
	0.4%	2.8%
	0.8%	3.9%
	0.4%	4.5%
	1.8%	11.3%
	2.7%	13.0%
	15.8%	20.1%
	32.5%	13.6%
	22.0%	8.3%
	19.6%	9.7%
	1.9%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	15.6%	13.6%
	15.6%	13.6%
	16.1%	13.6%
	11.4%	13.2%
	14.6%	14.8%
	16.1%	13.6%
	5.8%	10.0%
	5.1%	4.7%
	8.7%	12.2%

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