Port Orchard, WA—98367
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 $602,000, with a year-over-year change of 1.2%. This indicates that home prices in Port Orchard, WA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | 1.2% |
| Single Family | $602,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $417,000 | 0.5% |
2 Bed | $512,000 | 1.6% |
3 Bed | $584,000 | 1.2% |
4 Bed | $654,000 | 1.4% |
| 5 Bed | $680,000 | 0.7% |
% of Housing Stock
Rental Trends — Port Orchard, WA
As of July '25, Rentcast reports the average rent in Port Orchard, WA is $2,620, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Port Orchard, WA is studios: $1,400, 1-bedrooms: $1,900, 2-bedrooms: $2,160, 3-bedrooms: $2,660, 4-bedrooms: $3,060. The most common rental property sizes in Port Orchard, WA are 3-bedroom and 2-bedroom, accounting for 46.2% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,620 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,700 | $1,900 |
| 2 Bed Rent | $1,950 | $2,160 |
| 3 Bed Rent | $2,650 | $2,660 |
| 4 Bed Rent | $3,100 | $3,060 |
% 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 72. This is a increase of 36.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $727,000 | 9.0% |
Listing Count | 143 | -12.0% |
| Listings as % of Homes | 0.8% | -12.0% |
Days on Market | 72 | 36.0% |
Demographics — Port Orchard, WA
As of the latest ACS Survey released in 2023, Port Orchard, WA has a population of 32,200, which has increased by 10.5% over the past 5 years. Port Orchard, WA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | 10.5% |
% Under 18 | 20.8% | -3.3% |
% Seniors | 17.7% | 11.3% |
% WFH | 14.5% | 126.6% |
% w/ College Degree | 29.3% | 9.7% |
As of the latest ACS Survey released in 2023, Port Orchard, WA is a predominantly white area, with 78.5% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Port Orchard, WA is hispanic, making up 7.0% of the population. Foreign-born residents account for 6.1% of the population in Port Orchard, WA, and this percentage has increased by 35.6% 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 | 78.5% | -2.7% |
% Black | 0.9% | -35.7% |
% Hispanic | 7.0% | 4.5% |
% Asian | 3.9% | 2.6% |
% Foreign Born | 6.1% | 35.6% |
Mortgage and Risk — Port Orchard, WA
According to HUD data as of 2023, there were 1040 mortgage originations in Port Orchard, WA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Port Orchard, WA. Investor activity is low, as 1.0% 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 | 1,040 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
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 2.5%. 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 Port Orchard, WA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,700 | $1,630 |
| 2 Bedroom | $190 | $1,950 | $2,140 |
| 3 Bedroom | $140 | $2,650 | $2,790 |
| 4 Bedroom | $110 | $3,100 | $3,210 |
Affordability — Port Orchard, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $602,000 |
| Median Household Income | $106,000 |