Olympia, WA housing market
The typical Olympia home is worth about $530,000, about the same as a year ago, 11% below the Washington typical home. Homes typically sell in 11 days, a little above asking.
Home values, sales, trends and how Olympia compares with the towns next door — updated as new data is published.
Olympia at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Olympia | Washington |
|---|---|---|
| 2017 | $290,000 | $326,000 |
| 2018 | $314,000 | $362,000 |
| 2019 | $341,000 | $390,000 |
| 2020 | $364,000 | $413,000 |
| 2021 | $420,000 | $471,000 |
| 2022 | $488,000 | $554,000 |
| 2023 | $507,000 | $572,000 |
| 2024 | $518,000 | $582,000 |
| 2025 | $537,000 | $605,000 |
| 2026 | $537,000 | $601,000 |
| August 2026 | $530,000 | $592,000 |
129 new homes permitted in 2025
Builders were permitted 129 new homes in Olympia in 2025: 67 single-family houses and 62 in buildings with two or more homes, worth about $31.8 million to build. That's 2.3 per 1,000 residents, slower than across Washington (4.6). Over the past 10 years, Olympia has permitted 2,378 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Olympia gained 9,127 residents while 2,264 new homes were permitted: about 4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Washington: 2.7 new residents per new home.
How Olympia ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 143 | 94 | 49 | $36.2 million |
| 2025 | 129 | 67 | 62 | $31.8 million |
| 2024 | 282 | 58 | 224 | $58.9 million |
| 2023 | 191 | 53 | 138 | $42.8 million |
| 2022 | 338 | 49 | 289 | $64 million |
| 2021 | 263 | 132 | 131 | $60 million |
| 2020 | 196 | 40 | 156 | $26.5 million |
| 2019 | 401 | 29 | 372 | $44.4 million |
| 2018 | 145 | 34 | 111 | $22.6 million |
| 2017 | 127 | 94 | 33 | $28.5 million |
| 2016 | 306 | 185 | 121 | $57 million |
| 2015 | 138 | 124 | 14 | $33.8 million |
| 2014 | 191 | 147 | 44 | $41.5 million |
| 2013 | 402 | 142 | 260 | $63.5 million |
| 2012 | 108 | 106 | 2 | $26 million |
| 2011 | 211 | 90 | 121 | $36.3 million |
| 2010 | 235 | 134 | 101 | $41.5 million |
| 2009 | 371 | 159 | 212 | $63.6 million |
| 2008 | 69 | 55 | 14 | $13.2 million |
| 2007 | 149 | 97 | 52 | $26.1 million |
| 2006 | 324 | 229 | 95 | $52.7 million |
| 2005 | 280 | 260 | 20 | $55.4 million |
| 2004 | 183 | 145 | 38 | $28.6 million |
| 2003 | 158 | 132 | 26 | $21.7 million |
| 2002 | 246 | 143 | 103 | $27.4 million |
| 2001 | 129 | 117 | 12 | $15.8 million |
| 2000 | 122 | 118 | 4 | $16 million |
How Olympia ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Olympia and its neighbors
6.5 years of income
The typical Olympia home costs about 6.5 years of the town's median household income, more than across Washington (6 years).
How Olympia ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,900
HUD's Fair Market Rent for a two-bedroom in Olympia is $1,900 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Olympia pay a median of $1,599, so moving in tends to cost more than staying put. A two-bedroom takes about 28% of the town's median household income.
Studio $1,490 · 4 bedrooms $3,190
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98501, 98502, 98506, 98512; Olympia-Lacey-Tumwater, WA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Olympia
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.