Puyallup, WA—98371
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Puyallup, WA
As of Oct '25, the median home price in Puyallup, WA is $616,000, with a year-over-year change of -0.7%. This indicates that home prices in Puyallup, WA are flat. 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 | $616,000 | -0.7% |
| Single Family | $620,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $353,000 | -0.8% |
2 Bed | $433,000 | -1.6% |
3 Bed | $578,000 | -0.9% |
4 Bed | $695,000 | -0.7% |
| 5 Bed | $782,000 | -0.1% |
% of Housing Stock
Rental Trends — Puyallup, WA
As of July '25, Rentcast reports the average rent in Puyallup, WA is $2,390, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Puyallup, WA is 1-bedrooms: $1,610, 2-bedrooms: $1,950, 3-bedrooms: $2,940, 4-bedrooms: $3,370. The most common rental property sizes in Puyallup, WA are 2-bedroom and 1-bedroom, accounting for 52.0% and 17.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,090 | $2,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,530 | $1,610 |
| 2 Bed Rent | $1,950 | $1,950 |
| 3 Bed Rent | $3,150 | $2,940 |
| 4 Bed Rent | $3,400 | $3,370 |
% of Rental Stock
Property Listings — Puyallup, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Puyallup, WA is 51. This is a increase of 16.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $743,000 | 0.0% |
Listing Count | 118 | 38.0% |
| Listings as % of Homes | 0.6% | 38.0% |
Days on Market | 51 | 16.0% |
Demographics — Puyallup, WA
As of the latest ACS Survey released in 2023, Puyallup, WA has a population of 24,000, which has increased by 12.6% over the past 5 years. Puyallup, 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 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 12.6% |
% Under 18 | 22.2% | 7.8% |
% Seniors | 16.7% | -11.6% |
% WFH | 13.2% | 153.8% |
% w/ College Degree | 28.7% | 1.1% |
As of the latest ACS Survey released in 2023, Puyallup, WA is a predominantly white area, with 70.4% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Puyallup, WA is hispanic, making up 11.1% of the population. Foreign-born residents account for 10.5% of the population in Puyallup, WA, and this percentage has increased by 78.0% 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 | 70.4% | -10.1% |
% Black | 4.6% | 84.0% |
% Hispanic | 11.1% | 35.4% |
% Asian | 5.9% | 15.7% |
% Foreign Born | 10.5% | 78.0% |
Mortgage and Risk — Puyallup, WA
According to HUD data as of 2023, there were 425 mortgage originations in Puyallup, WA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Puyallup, WA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 425 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Puyallup, WA
As of 2024, the percent of homes in Puyallup, 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Puyallup, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,530 | $1,590 |
| 2 Bedroom | $0 | $1,950 | $1,950 |
| 3 Bedroom | -$420 | $3,150 | $2,730 |
| 4 Bedroom | -$280 | $3,400 | $3,120 |
Affordability — Puyallup, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $616,000 |
| Median Household Income | $97,300 |