Bremerton, WA—98337
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 $386,000, with a year-over-year change of -0.4%. This indicates that home prices in Bremerton, WA are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $386,000 | -0.4% |
| Single Family | $385,000 | -0.5% |
| Condos | $394,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $321,000 | -3.3% |
2 Bed | $361,000 | -0.3% |
3 Bed | $413,000 | -0.2% |
4 Bed | $448,000 | 0.0% |
| 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 $1,680, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Bremerton, WA is studios: $1,260, 1-bedrooms: $1,360, 2-bedrooms: $1,850, 3-bedrooms: $2,420, 4-bedrooms: $2,720. The most common rental property sizes in Bremerton, WA are 1-bedroom and 2-bedroom, accounting for 41.3% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,680 |
| Studio Rent | $1,200 | $1,260 |
| 1 Bed Rent | $1,350 | $1,360 |
| 2 Bed Rent | $1,850 | $1,850 |
| 3 Bed Rent | $2,250 | $2,420 |
| 4 Bed Rent | $2,600 | $2,720 |
% 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 37. This is a decrease of -28.0% 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 | $402,000 | 5.0% |
Listing Count | 32 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 37 | -28.0% |
Demographics — Bremerton, WA
As of the latest ACS Survey released in 2023, Bremerton, WA has a population of 7,870, which has increased by 11.8% over the past 5 years. Bremerton, WA is a less popular place for families, as children make up 8.8% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,870 | 11.8% |
% Under 18 | 8.8% | -38.9% |
% Seniors | 9.3% | -3.1% |
% WFH | 9.7% | 64.4% |
% w/ College Degree | 30.9% | 29.3% |
As of the latest ACS Survey released in 2023, Bremerton, WA is a predominantly white area, with 75.3% of the population identifying as white. The white population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Bremerton, WA is hispanic, making up 7.0% of the population. Foreign-born residents account for 6.1% of the population in Bremerton, WA, and this percentage has decreased by 20.8% 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 | 75.3% | 8.5% |
% Black | 3.6% | -42.9% |
% Hispanic | 7.0% | -35.8% |
% Asian | 4.9% | 6.5% |
% Foreign Born | 6.1% | -20.8% |
Mortgage and Risk — Bremerton, WA
According to HUD data as of 2023, there were 82 mortgage originations in Bremerton, WA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Bremerton, WA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bremerton, WA
As of 2024, the percent of homes in Bremerton, WA under the Section 8 program is 10.2%. 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. 1-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 189 |
Total Units Section 8 | 156 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,350 | $1,410 |
| 2 Bedroom | $0 | $1,850 | $1,850 |
| 3 Bedroom | $180 | $2,250 | $2,430 |
| 4 Bedroom | $270 | $2,600 | $2,870 |
Affordability — Bremerton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $386,000 |
| Median Household Income | $73,400 |