Zip 98506 (Olympia, WA) Housing

The housing market in 98506 Olympia, WA is performing very well compared to the national average. The median value of housing in this area is $496,300, substantially higher than the US House Median Value of $338,100. Additionally, house appreciation in Olympia has increased 8.98% in the last year which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that real estate property values are increasing and making the area a desirable location for potential homebuyers.

The median home cost in Olympia (zip 98506) is $496,300. Home appreciation the last 10 years has been 140.9%. Home Appreciation in Olympia (zip 98506) is up 16.1%.

Average Age of Homes

- The median age of Olympia (zip 98506) real estate is 42 years old

The Rental Market in Olympia (zip 98506)

- Renters make up 35.8% of the Olympia (zip 98506) population
- 2.3% of houses and apartments in Olympia (zip 98506), 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
	8,957.0	139,647,020.0
	43	42
	$496,300	$338,100
	16.1%	16.6%
	84.1%	57.0%
	140.9%	101.1%
	$9.63	$10.98
	$3,500	$2,690
	65.3%	57.4%
	4.4%	11.2%
	30.2%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	0.3%	2.4%
	1.6%	2.8%
	0.8%	3.9%
	1.0%	4.5%
	1.8%	11.3%
	3.9%	13.0%
	16.8%	20.1%
	35.0%	13.6%
	16.8%	8.3%
	12.9%	9.7%
	5.2%	3.9%
	1.8%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.6%	13.6%
	10.6%	13.6%
	18.8%	13.6%
	14.7%	13.2%
	17.0%	14.8%
	18.8%	13.6%
	10.1%	10.0%
	5.8%	4.7%
	14.8%	12.2%

Reviews for Olympia

See all (0)

Write a Review

Start Your Review of Olympia

Commute