Olalla, WA—98359
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olalla, WA
As of Oct '25, the median home price in Olalla, WA is $710,000, with a year-over-year change of 1.5%. This indicates that home prices in Olalla, WA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $710,000 | 1.5% |
| Single Family | $710,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $578,000 | 2.3% |
3 Bed | $696,000 | 1.0% |
4 Bed | $837,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Olalla, WA
As of July '25, Rentcast reports the average rent in Olalla, WA is $1,560, with a year-over-year rent change of -35.5%. Per bedroom, the median rent as of July '25 in Olalla, WA is studios: $1,130, 3-bedrooms: $2,000. The most common rental property sizes in Olalla, WA are 2-bedroom and 3-bedroom, accounting for 39.2% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,130 | $1,560 |
| Studio Rent | $1,130 | $1,130 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Olalla, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Olalla, WA is 68. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $832,000 | -10.0% |
Listing Count | 12 | 15.0% |
| Listings as % of Homes | 0.2% | 15.0% |
Days on Market | 68 | 37.0% |
Demographics — Olalla, WA
As of the latest ACS Survey released in 2023, Olalla, WA has a population of 4,690, which has decreased by -6.2% over the past 5 years. Olalla, WA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,690 | -6.2% |
% Under 18 | 22.2% | 2.8% |
% Seniors | 22.1% | 40.8% |
% WFH | 13.3% | 29.1% |
% w/ College Degree | 31.6% | 15.3% |
As of the latest ACS Survey released in 2023, Olalla, WA is a predominantly white area, with 91.8% of the population identifying as white. The white population has grown by 6.1% in the last 5 years. The second most common race or ethnicity in Olalla, WA is hispanic, making up 1.5% of the population. Foreign-born residents account for 3.9% of the population in Olalla, WA, and this percentage has decreased by 13.3% 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 | 91.8% | 6.1% |
% Black | 0.2% | -66.7% |
% Hispanic | 1.5% | -77.3% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 3.9% | -13.3% |
Mortgage and Risk — Olalla, WA
According to HUD data as of 2023, there were 76 mortgage originations in Olalla, WA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Olalla, WA. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Olalla, WA
Olalla, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | N/A | N/A | $1,850 |
| 3 Bedroom | $520 | $2,000 | $2,520 |
| 4 Bedroom | N/A | N/A | $2,920 |
Affordability — Olalla, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $710,000 |
| Median Household Income | $97,300 |