Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$521,365+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$113,021About 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 Olympia-Lacey-Tumwater, WA is worth $521,365, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $474,606, so the area is 9.9% 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 $113,021 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
$521,365
Change in 1 year
+0.1%
Overvalued %
+9.9%
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Fair home value
$474,606
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
$113,021
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 Olympia-Lacey-Tumwater, WA overvalued?
Home prices in Olympia-Lacey-Tumwater, WA are slightly above what local incomes have historically supported: fair value is about $474,606, so the area is 9.9% overvalued.
Is Olympia-Lacey-Tumwater, WA a buyer's or seller's market?
Olympia-Lacey-Tumwater, 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 Olympia-Lacey-Tumwater, WA?
Home values in Olympia-Lacey-Tumwater, 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 Olympia-Lacey-Tumwater, WA?
A household needs about $113,021 a year to afford the typical home in Olympia-Lacey-Tumwater, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,316.