Port Orchard, WA—98366
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Port Orchard, WA
Home Price Trends — Port Orchard, WA
As of Oct '25, the median home price in Port Orchard, WA is $496,000, with a year-over-year change of 1.4%. This indicates that home prices in Port Orchard, 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 | $496,000 | 1.4% |
| Single Family | $498,000 | 1.6% |
| Condos | $293,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $377,000 | -0.3% |
2 Bed | $414,000 | 1.7% |
3 Bed | $486,000 | 1.7% |
4 Bed | $539,000 | 1.3% |
| 5 Bed | $589,000 | 0.7% |
% of Housing Stock
Rental Trends — Port Orchard, WA
As of July '25, Rentcast reports the average rent in Port Orchard, WA is $2,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Port Orchard, WA is studios: $1,360, 1-bedrooms: $1,480, 2-bedrooms: $1,830, 3-bedrooms: $2,680, 4-bedrooms: $3,040. The most common rental property sizes in Port Orchard, WA are 2-bedroom and 3-bedroom, accounting for 42.2% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,200 |
| Studio Rent | $1,650 | $1,360 |
| 1 Bed Rent | $1,450 | $1,480 |
| 2 Bed Rent | $1,800 | $1,830 |
| 3 Bed Rent | $2,700 | $2,680 |
| 4 Bed Rent | $3,100 | $3,040 |
% of Rental Stock
Property Listings — Port Orchard, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Port Orchard, WA is 60. This is a increase of 31.0% 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 | $579,000 | 11.0% |
Listing Count | 133 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 60 | 31.0% |
Demographics — Port Orchard, WA
As of the latest ACS Survey released in 2023, Port Orchard, WA has a population of 37,700, which has increased by 12.1% over the past 5 years. Port Orchard, WA is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | 12.1% |
% Under 18 | 21.3% | -5.3% |
% Seniors | 16.5% | 1.9% |
% WFH | 8.6% | 126.3% |
% w/ College Degree | 26.2% | 21.9% |
As of the latest ACS Survey released in 2023, Port Orchard, WA is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Port Orchard, WA is hispanic, making up 10.5% of the population. Foreign-born residents account for 5.2% of the population in Port Orchard, WA, and this percentage has decreased by 16.1% 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 | 74.0% | -3.9% |
% Black | 1.6% | -33.3% |
% Hispanic | 10.5% | 22.1% |
% Asian | 4.6% | 7.0% |
% Foreign Born | 5.2% | -16.1% |
Mortgage and Risk — Port Orchard, WA
According to HUD data as of 2023, there were 814 mortgage originations in Port Orchard, WA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Port Orchard, WA. Investor activity is low, as 2.0% 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 | 814 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Port Orchard, WA
As of 2024, the percent of homes in Port Orchard, WA under the Section 8 program is 13.4%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Port Orchard, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 654 |
Total Units Section 8 | 654 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,450 | $1,480 |
| 2 Bedroom | $140 | $1,800 | $1,940 |
| 3 Bedroom | -$170 | $2,700 | $2,530 |
| 4 Bedroom | -$190 | $3,100 | $2,910 |
Affordability — Port Orchard, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $496,000 |
| Median Household Income | $88,800 |