Puyallup, WA—98375
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 $540,000, 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 | $540,000 | -0.7% |
| Single Family | $545,000 | -0.5% |
| Condos | $359,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $374,000 | -1.3% |
3 Bed | $507,000 | -0.8% |
4 Bed | $574,000 | -0.7% |
| 5 Bed | $618,000 | -0.5% |
% 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 studios: $1,510, 1-bedrooms: $695, 2-bedrooms: $2,200, 3-bedrooms: $2,630, 4-bedrooms: $3,060. The most common rental property sizes in Puyallup, WA are 3-bedroom and 2-bedroom, accounting for 37.9% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,880 | $2,740 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $695 | $695 |
| 2 Bed Rent | $1,820 | $2,200 |
| 3 Bed Rent | $2,700 | $2,630 |
| 4 Bed Rent | $3,040 | $3,060 |
% 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 54. This is a increase of 27.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $571,000 | -2.0% |
Listing Count | 127 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 54 | 27.0% |
Demographics — Puyallup, WA
As of the latest ACS Survey released in 2023, Puyallup, WA has a population of 32,200, which has increased by 3.9% over the past 5 years. Puyallup, WA is a popular place for families, as children make up 31.0% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | 3.9% |
% Under 18 | 31.0% | 3.0% |
% Seniors | 8.6% | 6.2% |
% WFH | 12.8% | 178.3% |
% w/ College Degree | 29.7% | 12.5% |
As of the latest ACS Survey released in 2023, Puyallup, WA is a predominantly white area, with 57.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Puyallup, WA is hispanic, making up 13.1% of the population. Foreign-born residents account for 11.0% of the population in Puyallup, WA, and this percentage has decreased by 6.8% 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 | 57.3% | -5.8% |
% Black | 8.1% | 65.3% |
% Hispanic | 13.1% | 7.4% |
% Asian | 6.2% | -30.3% |
% Foreign Born | 11.0% | -6.8% |
Mortgage and Risk — Puyallup, WA
According to HUD data as of 2023, there were 183 mortgage originations in Puyallup, WA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Puyallup, WA
As of 2024, the percent of homes in Puyallup, WA under the Section 8 program is 3.2%. 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. In Puyallup, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 95 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,435 | $695 | $2,130 |
| 2 Bedroom | $800 | $1,820 | $2,620 |
| 3 Bedroom | $970 | $2,700 | $3,670 |
| 4 Bedroom | $1,150 | $3,040 | $4,190 |
Affordability — Puyallup, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $540,000 |
| Median Household Income | $110,000 |