Poulsbo, WA 98370 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Poulsbo, WA—98370

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$675,000

1.2% YoY Growth

Household Income

$109,000

35.4% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

-1.6%

Median Rent

$2,550

0.8% YoY Growth

1-Bed Rent

$2,350

48.6% YoY Growth

2-Bed Rent

$2,220

26.7% YoY Growth

3-Bed Rent

$2,850

6.9% YoY Growth

Home Price Trends — Poulsbo, WA

As of May '26, the median home price in Poulsbo, WA is $675,000, 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 -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$675,000	1.2%
Single Family	$684,000	1.2%
Condos	$302,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.8%

1 Bedroom

20.2%

2 Bedrooms

34.2%

3 Bedrooms

35.7%

4 Bedrooms

3.8%

5+ Bedrooms

0.3%

Property Listings — Poulsbo, WA

As of May '26, Realtor.com reports that the median days on market for a home in Poulsbo, WA is 30. This is a decrease of -23.0% 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	$663,000	-11.0%
Listing Count	127	-23.0%
Listings as % of Homes	0.5%	-23.0%
Days on Market	30	-23.0%

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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%

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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%

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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%

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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

Poulsbo, WA—98370

Key Metrics at a Glance

Home Price Trends — Poulsbo, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Poulsbo, WA

% of Rental Stock

Property Listings — Poulsbo, WA

Demographics — Poulsbo, WA

Race and Ethnicity

Mortgage and Risk — Poulsbo, WA

Mortgages

Rentals and Section 8 — Poulsbo, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Poulsbo, WA

Home Price to Income Ratio

Poulsbo, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Keyport

Suquamish, WA

Bangor Trident Base, WA

Kingston, WA

Kingston, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.9
Median Home Price	$675,000
Median Household Income	$109,000

Poulsbo, WA—98370

Key Metrics at a Glance

Home Price Trends — Poulsbo, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Poulsbo, WA

% of Rental Stock

Property Listings — Poulsbo, WA

Demographics — Poulsbo, WA

Race and Ethnicity

Mortgage and Risk — Poulsbo, WA

Mortgages

Rentals and Section 8 — Poulsbo, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Poulsbo, WA

Home Price to Income Ratio

Poulsbo, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Keyport

Suquamish, WA

Bangor Trident Base, WA

Kingston, WA

Kingston, WA

Frequently Asked Questions

What is the average home price in Poulsbo, WA 98370?

How have home prices in Poulsbo, WA 98370 changed over the past year?

What is the home price projection for Poulsbo, WA 98370?

What are the demographics of Poulsbo, WA 98370?

How long does it take homes to sell in Poulsbo, WA 98370?

What is the average rent price in Poulsbo, WA 98370?