Poulsbo, WA—98370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Poulsbo, WA
As of Oct '25, the median home price in Poulsbo, WA is $656,000, with a year-over-year change of 1.2%. This indicates that home prices in Poulsbo, WA are increasing. 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 | $656,000 | 1.2% |
| Single Family | $665,000 | 1.2% |
| Condos | $293,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $492,000 | 3.6% |
2 Bed | $534,000 | 1.3% |
3 Bed | $635,000 | 1.3% |
4 Bed | $746,000 | 1.2% |
| 5 Bed | $778,000 | 0.6% |
% of Housing Stock
Rental Trends — Poulsbo, WA
As of July '25, Rentcast reports the average rent in Poulsbo, WA is $2,660, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Poulsbo, WA is studios: $1,550, 1-bedrooms: $2,170, 2-bedrooms: $2,560, 3-bedrooms: $3,100, 4-bedrooms: $3,380. The most common rental property sizes in Poulsbo, WA are 3-bedroom and 2-bedroom, accounting for 35.7% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,660 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $2,350 | $2,170 |
| 2 Bed Rent | $2,220 | $2,560 |
| 3 Bed Rent | $2,850 | $3,100 |
| 4 Bed Rent | $3,300 | $3,380 |
% of Rental Stock
Property Listings — Poulsbo, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Poulsbo, WA is 65. This is a increase of 19.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $687,000 | -16.0% |
Listing Count | 150 | 44.0% |
| Listings as % of Homes | 0.5% | 44.0% |
Days on Market | 65 | 19.0% |
Demographics — Poulsbo, WA
As of the latest ACS Survey released in 2023, Poulsbo, WA has a population of 33,000, which has increased by 5.7% over the past 5 years. Poulsbo, WA is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 44.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 5.7% |
% Under 18 | 19.8% | -5.3% |
% Seniors | 21.8% | 11.8% |
% WFH | 20.2% | 176.7% |
% w/ College Degree | 44.6% | 15.8% |
As of the latest ACS Survey released in 2023, Poulsbo, WA is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Poulsbo, WA is hispanic, making up 8.9% of the population. Foreign-born residents account for 5.8% of the population in Poulsbo, WA, and this percentage has decreased by 10.8% 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 | 78.8% | -5.4% |
% Black | 1.4% | 100.0% |
% Hispanic | 8.9% | 27.1% |
% Asian | 2.9% | 7.4% |
% Foreign Born | 5.8% | -10.8% |
Mortgage and Risk — Poulsbo, WA
According to HUD data as of 2023, there were 701 mortgage originations in Poulsbo, WA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Poulsbo, 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 | 701 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Poulsbo, WA
As of 2024, the percent of homes in Poulsbo, WA under the Section 8 program is 5.2%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Poulsbo, WA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 178 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$650 | $2,350 | $1,700 |
| 2 Bedroom | $10 | $2,220 | $2,230 |
| 3 Bedroom | $60 | $2,850 | $2,910 |
| 4 Bedroom | $50 | $3,300 | $3,350 |
Affordability — Poulsbo, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $656,000 |
| Median Household Income | $109,000 |