Puyallup, WA—98372
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 0.1%. This indicates that home prices in Puyallup, WA are flat. According to Zillow, the 1-year price projection is 0.1%, 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 | 0.1% |
| Single Family | $624,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $316,000 | -2.8% |
2 Bed | $400,000 | -2.0% |
3 Bed | $600,000 | -0.2% |
4 Bed | $734,000 | 0.3% |
| 5 Bed | $802,000 | 0.1% |
% of Housing Stock
Rental Trends — Puyallup, WA
As of July '25, Rentcast reports the average rent in Puyallup, WA is $2,140, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in Puyallup, WA is studios: $875, 1-bedrooms: $1,640, 2-bedrooms: $2,080, 3-bedrooms: $2,540, 4-bedrooms: $3,330. The most common rental property sizes in Puyallup, WA are 2-bedroom and 1-bedroom, accounting for 48.6% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,140 |
| Studio Rent | $875 | $875 |
| 1 Bed Rent | $1,650 | $1,640 |
| 2 Bed Rent | $2,000 | $2,080 |
| 3 Bed Rent | $2,500 | $2,540 |
| 4 Bed Rent | $3,400 | $3,330 |
% 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 57. This is a decrease of -6.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $717,000 | 8.0% |
Listing Count | 73 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 57 | -6.0% |
Demographics — Puyallup, WA
As of the latest ACS Survey released in 2023, Puyallup, WA has a population of 26,700, which has increased by 4.6% over the past 5 years. Puyallup, WA is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | 4.6% |
% Under 18 | 21.8% | 0.0% |
% Seniors | 14.4% | -7.1% |
% WFH | 13.8% | 263.2% |
% w/ College Degree | 28.0% | 11.6% |
As of the latest ACS Survey released in 2023, Puyallup, WA is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Puyallup, WA is hispanic, making up 8.1% of the population. Foreign-born residents account for 13.1% of the population in Puyallup, WA, and this percentage has increased by 84.5% 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 | 73.1% | -5.2% |
% Black | 2.7% | 68.8% |
% Hispanic | 8.1% | -19.8% |
% Asian | 6.4% | 33.3% |
% Foreign Born | 13.1% | 84.5% |
Mortgage and Risk — Puyallup, WA
According to HUD data as of 2023, there were 359 mortgage originations in Puyallup, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Puyallup, WA. Investor activity is low, as 2.0% 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 | 359 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Puyallup, WA
As of 2024, the percent of homes in Puyallup, WA under the Section 8 program is 3.1%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Puyallup, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,650 | $1,720 |
| 2 Bedroom | $110 | $2,000 | $2,110 |
| 3 Bedroom | $460 | $2,500 | $2,960 |
| 4 Bedroom | -$20 | $3,400 | $3,380 |
Affordability — Puyallup, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $616,000 |
| Median Household Income | $100,000 |