Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$521,378+0.1% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$113,024About 1.2× the local median income ($97,316): a stretch for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.3%Zillow expects prices to stay about flat
The typical home in Thurston County, WA is worth $521,378, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $474,628, so the area is 9.8% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 24% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 0.3% over the next year. A household needs about $113,024 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,316. Typical rent is $2,043 a month, or $2,683 for a house. In the latest IRS figures, 1,600 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$521,378
Change in 1 year
+0.1%
Overvalued %
+9.8%
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Fair home value
$474,628
Change in 5 years
+11.0%
Zillow forecast, next 12 months
+0.3%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$2,826
Income needed to afford it
$113,024
Property tax rate
0.88%
Rent and investing
Typical rent
$2,043
Typical rent for houses
$2,683
Price-to-rent ratio
21.3×
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HUD Fair Market Rent, 2 bedrooms
$1,946
Gross rental yield
4.70%
Cap rate (estimate)
3.06%
Market activity
Listings vs a year ago
+24.2%
Days on market
64
Listings with a price cut
27.2%
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Homes for sale
1,007
Pending sales per 100 listings
31
Asking price per sq ft
$292
People and jobs
Median household income
$97,316
Population change (1 year)
+0.7%
Unemployment rate
5.2%
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Population
304,261
Income adjusted for cost of living
$93,844
Net moves in (IRS)
+1,600
Cost of living (US = 100)
103.7
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
94.5
Unhealthy air days a year
0
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Flood risk score
90.8
Wildfire risk score
57.1
Walkability (1 to 20)
9.4
Road, rail and air noise
53 dB
Questions people ask
Is Thurston County, WA overvalued?
Home prices in Thurston County, WA are slightly above what local incomes have historically supported: fair value is about $474,628, so the area is 9.8% overvalued.
Is Thurston County, WA a buyer's or seller's market?
Thurston County, WA is a buyer's market: homes take about 64 days to sell, listings are up 24% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Thurston County, WA?
Home values in Thurston County, WA are up 0.1% over the last year. Zillow's forecast for the next 12 months is +0.3%.
How much do you need to earn to buy a home in Thurston County, WA?
A household needs about $113,024 a year to afford the typical home in Thurston County, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,316.