Bremerton, WA—98312
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bremerton, WA
As of Oct '25, the median home price in Bremerton, WA is $488,000, with a year-over-year change of 1.1%. This indicates that home prices in Bremerton, WA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $488,000 | 1.1% |
| Single Family | $497,000 | 1.0% |
| Condos | $252,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $311,000 | 1.6% |
2 Bed | $366,000 | 1.7% |
3 Bed | $501,000 | 1.0% |
4 Bed | $601,000 | 0.2% |
| 5 Bed | $648,000 | 0.5% |
% of Housing Stock
Rental Trends — Bremerton, WA
As of July '25, Rentcast reports the average rent in Bremerton, WA is $2,180, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Bremerton, WA is 1-bedrooms: $1,420, 2-bedrooms: $1,800, 3-bedrooms: $2,400, 4-bedrooms: $3,260. The most common rental property sizes in Bremerton, WA are 2-bedroom and 3-bedroom, accounting for 45.4% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,420 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $3,450 | $3,260 |
% of Rental Stock
Property Listings — Bremerton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bremerton, WA is 49. This is a increase of 10.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $594,000 | 7.0% |
Listing Count | 146 | 1.0% |
| Listings as % of Homes | 0.5% | 1.0% |
Days on Market | 49 | 10.0% |
Demographics — Bremerton, WA
As of the latest ACS Survey released in 2023, Bremerton, WA has a population of 34,300, which has increased by 9.4% over the past 5 years. Bremerton, WA is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,300 | 9.4% |
% Under 18 | 21.9% | 10.6% |
% Seniors | 16.8% | 11.3% |
% WFH | 10.7% | 143.2% |
% w/ College Degree | 26.3% | 13.9% |
As of the latest ACS Survey released in 2023, Bremerton, WA is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Bremerton, WA is hispanic, making up 11.8% of the population. Foreign-born residents account for 5.9% of the population in Bremerton, WA, and this percentage has increased by 9.3% 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 | 68.4% | -10.5% |
% Black | 4.4% | 22.2% |
% Hispanic | 11.8% | 63.9% |
% Asian | 4.5% | 21.6% |
% Foreign Born | 5.9% | 9.3% |
Mortgage and Risk — Bremerton, WA
According to HUD data as of 2023, there were 670 mortgage originations in Bremerton, WA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Bremerton, WA. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 670 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bremerton, WA
As of 2024, the percent of homes in Bremerton, WA under the Section 8 program is 13.1%. 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 Bremerton, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 872 |
Total Units Section 8 | 666 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 72.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,300 | $1,450 |
| 2 Bedroom | $100 | $1,800 | $1,900 |
| 3 Bedroom | $80 | $2,400 | $2,480 |
| 4 Bedroom | -$580 | $3,450 | $2,870 |
Affordability — Bremerton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $488,000 |
| Median Household Income | $85,300 |