Olympia-Lacey-Tumwater
Washington · Ranked #244 of 373 metros
67Moderate
💡
Housing in Olympia-Lacey-Tumwater costs 5.29× the median income, above the national average of 4.5×. The median home price is $493K and median rent is $1,776/month. Olympia-Lacey-Tumwater ranks #244 of 373 metros for affordability.
Median Home Price
🏠$493K
Need $146K income
Median Rent
🔑$1,776
Need $71K income
Building Permits
🔨1,222
annual
Median Income
💰$93K
Pop: 303,059
Rent Burden
⚠️23.3%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Olympia-Lacey-Tumwater | National |
|---|---|---|
| Price-to-Income Ratio | 5.29x | 6.1x |
| Rent Burden | 23.3% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,538/mo
1 Bedroom$1,682/mo
2 Bedroom$1,960/mo
3 Bedroom$2,613/mo
4 Bedroom$3,288/mo
Zillow Market Data
Home Value (ZHVI)
$524K
1yr: +0.3%5yr: +25.9%
Rent (ZORI)
$1,993/mo
1yr: +4.0%5yr: +28.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$525K
Active Inventory
570
Days on Market
53
Sold Above List
28.9%
Price Drops
31.1%