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Tumwater city, WA

ZIP 98501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98501

Median Home Value
$485,200
Median Rent
$1,436
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,117/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98501 in Tumwater city, WA, a household would need roughly $134,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,117. That is about 40% above the local median household income ($95,695), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.7%-7% vs US avg
x
Vacancy Rate
4.4%-57% vs US avg
x
Broadband Access
95.9%+10% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
25.4%-49% vs US avg
x
Mortgage-Free
32.7%-14% vs US avg
x
$485,200
Home Value
$1,436
Rent
1986
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.3%
  • 1-unit attached4.8%
  • 2-9 units12.0%
  • 10+ units14.4%
  • Mobile home & other3.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$485,200
Median rent$1,436
Owner-occupied60.7%
Vacant4.4%
Price-to-income5.1x
Est. income to buy$134,000