Puyallup, WA—98374
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 $574,000, with a year-over-year change of -0.0%. 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 | $574,000 | -0.0% |
| Single Family | $577,000 | -0.2% |
| Condos | $355,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $416,000 | 0.2% |
3 Bed | $529,000 | 0.0% |
4 Bed | $616,000 | -0.2% |
| 5 Bed | $682,000 | 0.1% |
% of Housing Stock
Rental Trends — Puyallup, WA
As of July '25, Rentcast reports the average rent in Puyallup, WA is $2,740, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Puyallup, WA is 1-bedrooms: $1,610, 2-bedrooms: $2,410, 3-bedrooms: $2,730, 4-bedrooms: $3,050. The most common rental property sizes in Puyallup, WA are 2-bedroom and 3-bedroom, accounting for 34.1% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,820 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,610 |
| 2 Bed Rent | $2,500 | $2,410 |
| 3 Bed Rent | $2,700 | $2,730 |
| 4 Bed Rent | $3,000 | $3,050 |
% 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 58. This is a increase of 14.0% 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 | $626,000 | -3.0% |
Listing Count | 282 | 20.0% |
| Listings as % of Homes | 0.8% | 20.0% |
Days on Market | 58 | 14.0% |
Demographics — Puyallup, WA
As of the latest ACS Survey released in 2023, Puyallup, WA has a population of 47,600, which has increased by 19.2% over the past 5 years. Puyallup, WA is a popular place for families, as children make up 28.0% of the population. The area has a moderately educated workforce, with 29.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,600 | 19.2% |
% Under 18 | 28.0% | 11.6% |
% Seniors | 14.1% | 4.4% |
% WFH | 14.8% | 289.5% |
% w/ College Degree | 29.1% | 5.8% |
As of the latest ACS Survey released in 2023, Puyallup, WA is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 13.3% in the last 5 years. The second most common race or ethnicity in Puyallup, WA is hispanic, making up 13.0% of the population. Foreign-born residents account for 11.0% of the population in Puyallup, WA, and this percentage has increased by 59.4% 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 | 64.4% | -13.3% |
% Black | 4.2% | 44.8% |
% Hispanic | 13.0% | 38.3% |
% Asian | 6.6% | 57.1% |
% Foreign Born | 11.0% | 59.4% |
Mortgage and Risk — Puyallup, WA
According to HUD data as of 2023, there were 651 mortgage originations in Puyallup, WA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 651 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Puyallup, WA
As of 2024, the percent of homes in Puyallup, WA under the Section 8 program is 4.6%. 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 3-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,650 | $1,960 |
| 2 Bedroom | -$90 | $2,500 | $2,410 |
| 3 Bedroom | $680 | $2,700 | $3,380 |
| 4 Bedroom | $860 | $3,000 | $3,860 |
Affordability — Puyallup, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $574,000 |
| Median Household Income | $109,000 |