Bremerton, WA—98310
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bremerton, WA
As of Oct '25, the median home price in Bremerton, WA is $454,000, with a year-over-year change of 0.3%. This indicates that home prices in Bremerton, WA are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $454,000 | 0.3% |
| Single Family | $461,000 | 0.4% |
| Condos | $264,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $257,000 | -1.9% |
2 Bed | $380,000 | -1.0% |
3 Bed | $462,000 | 0.7% |
4 Bed | $508,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bremerton, WA
As of July '25, Rentcast reports the average rent in Bremerton, WA is $2,090, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Bremerton, WA is studios: $1,100, 1-bedrooms: $1,510, 2-bedrooms: $1,840, 3-bedrooms: $2,420, 4-bedrooms: $2,930. The most common rental property sizes in Bremerton, WA are 2-bedroom and 1-bedroom, accounting for 52.1% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,090 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,500 | $1,510 |
| 2 Bed Rent | $1,780 | $1,840 |
| 3 Bed Rent | $2,550 | $2,420 |
| 4 Bed Rent | $2,900 | $2,930 |
% of Rental Stock
Property Listings — Bremerton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bremerton, WA is 44. This is a decrease of -9.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $496,000 | 4.0% |
Listing Count | 63 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 44 | -9.0% |
Demographics — Bremerton, WA
As of the latest ACS Survey released in 2023, Bremerton, WA has a population of 22,200, which has increased by 5.9% over the past 5 years. Bremerton, WA is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,200 | 5.9% |
% Under 18 | 19.3% | 10.9% |
% Seniors | 16.2% | -10.0% |
% WFH | 8.0% | 128.6% |
% w/ College Degree | 26.8% | 21.8% |
As of the latest ACS Survey released in 2023, Bremerton, WA is a predominantly white area, with 61.1% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Bremerton, WA is hispanic, making up 15.3% of the population. Foreign-born residents account for 11.0% of the population in Bremerton, WA, and this percentage has increased by 34.1% 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 | 61.1% | -10.7% |
% Black | 4.5% | -2.2% |
% Hispanic | 15.3% | 68.1% |
% Asian | 5.8% | -12.1% |
% Foreign Born | 11.0% | 34.1% |
Mortgage and Risk — Bremerton, WA
According to HUD data as of 2023, there were 283 mortgage originations in Bremerton, WA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Bremerton, WA. Investor activity is low, as 4.0% 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 | 283 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bremerton, WA
As of 2024, the percent of homes in Bremerton, WA under the Section 8 program is 17.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Bremerton, WA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 870 |
Total Units Section 8 | 806 |
% Rentals under Section 8 | 17.7% |
% Occupied Section 8 | 74.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,500 | $1,410 |
| 2 Bedroom | $70 | $1,780 | $1,850 |
| 3 Bedroom | -$120 | $2,550 | $2,430 |
| 4 Bedroom | -$30 | $2,900 | $2,870 |
Affordability — Bremerton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $454,000 |
| Median Household Income | $73,300 |