Pacific, WA 98047 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pacific, WA—98047

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$554,000

0.5% YoY Growth

Household Income

$103,000

70.1% YoY Growth

Days on Market

55.0% Shorter YoY

Home Price Forecast

-1.5%

Median Rent

$2,150

26.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,980

23.6% YoY Growth

3-Bed Rent

$2,900

26.9% YoY Growth

Home Price Trends — Pacific, WA

As of May '26, the median home price in Pacific, WA is $554,000, with a year-over-year change of -0.5%. This indicates that home prices in Pacific, WA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$554,000	-0.5%
Single Family	$555,000	-0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pacific, WA

As of July '25, Rentcast reports the average rent in Pacific, WA is $2,350, with a year-over-year rent change of 26.3%. Per bedroom, the median rent as of July '25 in Pacific, WA is 2-bedrooms: $1,940, 3-bedrooms: $3,350. The most common rental property sizes in Pacific, WA are 2-bedroom and 3-bedroom, accounting for 44.7% and 26.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,150	$2,350
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,980	$1,940
3 Bed Rent	$2,900	$3,350
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

25.5%

2 Bedrooms

44.7%

3 Bedrooms

26.4%

4 Bedrooms

3.4%

Property Listings — Pacific, WA

As of May '26, Realtor.com reports that the median days on market for a home in Pacific, WA is 26. This is a decrease of -55.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$602,000	4.0%
Listing Count	7	-23.0%
Listings as % of Homes	0.4%	-23.0%
Days on Market	26	-55.0%

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Demographics — Pacific, WA

As of the latest ACS Survey released in 2023, Pacific, WA has a population of 6,900, which has decreased by -1.8% over the past 5 years. Pacific, WA is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,900	-1.8%
% Under 18	28.5%	9.2%
% Seniors	10.2%	3.0%
% WFH	10.4%	940.0%
% w/ College Degree	17.8%	-5.3%

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As of the latest ACS Survey released in 2023, Pacific, WA is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Pacific, WA is hispanic, making up 23.7% of the population. Foreign-born residents account for 23.3% of the population in Pacific, WA, and this percentage has increased by 73.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	49.6%	-0.6%
% Black	6.5%	54.8%
% Hispanic	23.7%	7.7%
% Asian	8.1%	-49.1%
% Foreign Born	23.3%	73.9%

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Mortgage and Risk — Pacific, WA

According to HUD data as of 2023, there were 72 mortgage originations in Pacific, WA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Pacific, WA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	72
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Pacific, WA

Pacific, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	52
Total Units Section 8	52
% Rentals under Section 8	5.5%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,050
2 Bedroom	$410	$1,980	$2,390
3 Bedroom	$260	$2,900	$3,160
4 Bedroom	N/A	N/A	$3,680

Pacific, WA—98047

Key Metrics at a Glance

Home Price Trends — Pacific, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pacific, WA

% of Rental Stock

Property Listings — Pacific, WA

Demographics — Pacific, WA

Race and Ethnicity

Mortgage and Risk — Pacific, WA

Mortgages

Rentals and Section 8 — Pacific, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Pacific, WA

Home Price to Income Ratio

Pacific, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Auburn, WA

Sumner, WA

Puyallup, WA

Auburn, WA

Milton, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$554,000
Median Household Income	$103,000

Pacific, WA—98047

Key Metrics at a Glance

Home Price Trends — Pacific, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pacific, WA

% of Rental Stock

Property Listings — Pacific, WA

Demographics — Pacific, WA

Race and Ethnicity

Mortgage and Risk — Pacific, WA

Mortgages

Rentals and Section 8 — Pacific, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Pacific, WA

Home Price to Income Ratio

Pacific, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Auburn, WA

Sumner, WA

Puyallup, WA

Auburn, WA

Milton, WA

Frequently Asked Questions

What is the average home price in Pacific, WA 98047?

How have home prices in Pacific, WA 98047 changed over the past year?

What is the home price projection for Pacific, WA 98047?

What are the demographics of Pacific, WA 98047?

How long does it take homes to sell in Pacific, WA 98047?

What is the average rent price in Pacific, WA 98047?