Zip 98516 (Olympia, WA) Housing

The housing market in 98516 Olympia, WA is a booming one. The median value of homes in this area is $521,200, significantly higher than the national median of $338,100. In the last year alone, house values in this area have appreciated by 8.98%, higher than the national appreciation rate of 8.27%. This indicates that now is a great time to invest in the housing market of 98516 Olympia, WA. With its high median value and impressive appreciation rate, there is potential for strong returns in the future.

The median home cost in Olympia (zip 98516) is $521,200. Home appreciation the last 10 years has been 140.9%. Home Appreciation in Olympia (zip 98516) is up 16.1%.

Average Age of Homes

- The median age of Olympia (zip 98516) real estate is 23 years old

The Rental Market in Olympia (zip 98516)

- Renters make up 27.2% of the Olympia (zip 98516) population
- 1.0% of houses and apartments in Olympia (zip 98516), 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
	10,784.0	139,647,020.0
	22	42
	$521,200	$338,100
	16.1%	16.6%
	84.1%	57.0%
	140.9%	101.1%
	$10.56	$10.98
	$4,200	$2,690
	70.0%	57.4%
	2.6%	11.2%
	27.4%	31.4%
Vacant Housing
	1.0%	1.9%
	0.5%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	1.7%	2.4%
	1.4%	2.8%
	0.2%	3.9%
	0.8%	4.5%
	1.3%	11.3%
	3.8%	13.0%
	17.6%	20.1%
	21.0%	13.6%
	21.5%	8.3%
	20.5%	9.7%
	5.5%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	1.7%	0.2%
	24.0%	13.6%
	24.0%	13.6%
	14.8%	13.6%
	12.3%	13.2%
	15.8%	14.8%
	14.8%	13.6%
	2.7%	10.0%
	0.9%	4.7%
	0.5%	12.2%

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