Rental numbers for the Olympia, WA metro
The typical home here runs -$1,937 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%.
- Gross yield
- 4.8%
- typical home, Zillow
- Median ZIP yield
- 4.6%
- 8 ZIPs with full data
- Cash flow
- -$1,937/mo
- at 7.78%, 25% down
- Typical price
- $525,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,080/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
12 with published figures
| 98530Bucoda | $312,000 | $1,660* | 6.4% | 3.3% | -$817 | n/a |
| 98597Yelm | $483,000 | $2,301 | 5.7% | 2.9% | -$1,434 | +11.1% |
| 98513Olympia | $503,000 | $2,348 | 5.6% | 2.7% | -$1,571 | +2.5% |
| 98503Lacey | $483,000 | $2,044 | 5.1% | 2.3% | -$1,668 | +2.1% |
| 98506Olympia | $541,000 | $2,100 | 4.7% | 1.9% | -$2,075 | +3.9% |
| 98516Lacey | $575,000 | $2,171 | 4.5% | 1.8% | -$2,209 | -0.1% |
| 98512Olympia | $550,000 | $2,065 | 4.5% | 1.7% | -$2,178 | +2.4% |
| 98501Olympia | $545,000 | $1,924 | 4.2% | 1.6% | -$2,235 | +2.0% |
| 98502Olympia | $572,000 | $1,948 | 4.1% | 1.4% | -$2,402 | n/a |
| 98589Tenino | $513,000 | $1,660* | 3.9% | 1.3% | -$2,193 | n/a |
| 98576Rainier | $516,000 | $1,660* | 3.9% | 1.3% | -$2,208 | n/a |
| 98579Rochester | $516,000 | $1,660* | 3.9% | 1.3% | -$2,214 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.3%
- Rent, 12 months
- +1.8%
- Rent minus price growth
- +1.5 pts
- Property tax
- 0.84%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $469,991 | $1,732 |
| Aug 2022 | $525,461 | $1,880 |
| Aug 2023 | $504,817 | $1,911 |
| Aug 2024 | $523,123 | $1,965 |
| Aug 2025 | $523,464 | $2,043 |
| Aug 2026 | $524,878 | $2,080 |
Counties
- Thurston County, WA4.6% median yield
Tools
Questions
- Is the Olympia, WA metro good for rental property?
- The typical home here runs -$1,937 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Olympia, WA metro have the highest rental yield?
- 98597 (Yelm) at 5.7%, 98513 (Olympia) at 5.6%, 98503 (Lacey) at 5.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.