Olympia, WA Housing Market: Home Prices & Rent
Olympia, WA home values since 2000
Last few years
Rent in Olympia, WA
Owning vs renting, monthly
Buying the typical Olympia, WA home with 20% down at this week's 7.32% 30-year rate costs about $3,517/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,043/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Olympia, WA vs Washington vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $521k | +0.1% | $2,043/mo |
| Washington | $588k | -0.5% | - |
| United States | $366k | +1.2% | $1,932/mo |
Get Olympia, WA's housing report every month
Home prices, rent and what changed - one short email when the new data comes out. Free, unsubscribe any time.
Common questions
Are home prices falling in Olympia, WA?
No - the typical Olympia, WA-area home value is up 0.1% over the past 12 months, at $521k (September 2026).
Is the Olympia, WA housing market crashing?
Home values are close to their 2020s high and up 0.1% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Olympia, WA?
Typical rent in the Olympia, WA metro is $2,043 a month (September 2026), +2.5% over 12 months.
How much income do you need to buy a home in Olympia, WA?
About $141k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Seattle, WA · Spokane, WA · Bellingham, WA · Providence, RI · Stockton, CA · Ogden, UT · Portland, ME
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Olympia, WA metro area. How we calculate.