Bremerton, WA—98311
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 $498,000, with a year-over-year change of 1.0%. This indicates that home prices in Bremerton, WA are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $498,000 | 1.0% |
| Single Family | $500,000 | 1.0% |
| Condos | $266,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $405,000 | 0.7% |
3 Bed | $482,000 | 0.8% |
4 Bed | $545,000 | 1.7% |
| 5 Bed | $597,000 | 1.4% |
% of Housing Stock
Rental Trends — Bremerton, WA
As of July '25, Rentcast reports the average rent in Bremerton, WA is $2,360, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bremerton, WA is 1-bedrooms: $1,800, 2-bedrooms: $1,890, 3-bedrooms: $2,660, 4-bedrooms: $3,000. The most common rental property sizes in Bremerton, WA are 2-bedroom and 3-bedroom, accounting for 38.3% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,620 | $1,800 |
| 2 Bed Rent | $1,760 | $1,890 |
| 3 Bed Rent | $2,650 | $2,660 |
| 4 Bed Rent | $3,000 | $3,000 |
% 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 53. This is a decrease of -6.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $564,000 | 8.0% |
Listing Count | 77 | -30.0% |
| Listings as % of Homes | 0.8% | -30.0% |
Days on Market | 53 | -6.0% |
Demographics — Bremerton, WA
As of the latest ACS Survey released in 2023, Bremerton, WA has a population of 27,900, which has remained stable by 0.3% over the past 5 years. Bremerton, WA is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 0.3% |
% Under 18 | 19.9% | -8.3% |
% Seniors | 18.6% | 24.8% |
% WFH | 7.3% | 135.5% |
% w/ College Degree | 32.3% | 17.9% |
As of the latest ACS Survey released in 2023, Bremerton, WA is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Bremerton, WA is asian, making up 9.1% of the population. Foreign-born residents account for 9.2% of the population in Bremerton, WA, and this percentage has decreased by 8.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.0% | -0.9% |
% Black | 3.8% | -9.5% |
% Hispanic | 9.1% | -6.2% |
% Asian | 9.1% | -1.1% |
% Foreign Born | 9.2% | -8.9% |
Mortgage and Risk — Bremerton, WA
According to HUD data as of 2023, there were 605 mortgage originations in Bremerton, WA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Bremerton, WA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 605 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bremerton, WA
As of 2024, the percent of homes in Bremerton, WA under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 297 |
Total Units Section 8 | 297 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,620 | $1,620 |
| 2 Bedroom | $370 | $1,760 | $2,130 |
| 3 Bedroom | $130 | $2,650 | $2,780 |
| 4 Bedroom | $200 | $3,000 | $3,200 |
Affordability — Bremerton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $498,000 |
| Median Household Income | $98,700 |