Bremerton-Silverdale-Port Orchard, WA housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$579,111+1.1% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$125,539About 1.2× the local median income ($107,964): a stretch for a typical household
Days on market53 daysFaster than a year ago: sellers have the edge
Next 12 months+1.1%Zillow expects prices to rise slightly
The typical home in Bremerton-Silverdale-Port Orchard, WA is worth $579,111, up 1.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $582,189, so the area is 0.5% undervalued. It is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 26% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 1.1% over the next year. A household needs about $125,539 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 $107,964. Typical rent is $2,052 a month, or $2,796 for a house. In the latest IRS figures, 1,275 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
$579,111
Change in 1 year
+1.1%
Overvalued %
−0.5%
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Fair home value
$582,189
Change in 5 years
+7.8%
Zillow forecast, next 12 months
+1.1%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$3,138
Income needed to afford it
$125,539
Property tax rate
0.77%
Rent and investing
Typical rent
$2,052
Typical rent for houses
$2,796
Price-to-rent ratio
23.5×
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HUD Fair Market Rent, 2 bedrooms
$1,967
Gross rental yield
4.25%
Cap rate (estimate)
2.76%
Market activity
Listings vs a year ago
+26.0%
Days on market
53
Listings with a price cut
23.4%
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Homes for sale
795
Pending sales per 100 listings
46
Asking price per sq ft
$308
People and jobs
Median household income
$107,964
Population change (1 year)
+0.9%
Unemployment rate
4.7%
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Population
283,374
Income adjusted for cost of living
$102,239
Net moves in (IRS)
+1,275
Cost of living (US = 100)
105.6
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
92.3
Unhealthy air days a year
0
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Flood risk score
79.4
Wildfire risk score
39.9
Walkability (1 to 20)
9.3
Road, rail and air noise
53 dB
Questions people ask
Is Bremerton-Silverdale-Port Orchard, WA overvalued?
Home prices in Bremerton-Silverdale-Port Orchard, WA are slightly below what local incomes have historically supported: fair value is about $582,189, so the area is 0.5% undervalued.
Is Bremerton-Silverdale-Port Orchard, WA a buyer's or seller's market?
Bremerton-Silverdale-Port Orchard, WA is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 26% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Bremerton-Silverdale-Port Orchard, WA?
Home values in Bremerton-Silverdale-Port Orchard, WA are up 1.1% over the last year. Zillow's forecast for the next 12 months is +1.1%.
How much do you need to earn to buy a home in Bremerton-Silverdale-Port Orchard, WA?
A household needs about $125,539 a year to afford the typical home in Bremerton-Silverdale-Port Orchard, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $107,964.