Puyallup, WA—98373
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 $559,000, with a year-over-year change of -0.6%. 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 | $559,000 | -0.6% |
| Single Family | $567,000 | -0.5% |
| Condos | $318,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $387,000 | -1.3% |
3 Bed | $536,000 | -0.6% |
4 Bed | $631,000 | -0.2% |
| 5 Bed | $672,000 | -0.3% |
% of Housing Stock
Rental Trends — Puyallup, WA
As of July '25, Rentcast reports the average rent in Puyallup, WA is $2,300, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Puyallup, WA is 1-bedrooms: $1,550, 2-bedrooms: $2,180, 3-bedrooms: $2,670, 4-bedrooms: $3,410. The most common rental property sizes in Puyallup, WA are 2-bedroom and 3-bedroom, accounting for 44.1% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,560 | $1,550 |
| 2 Bed Rent | $2,100 | $2,180 |
| 3 Bed Rent | $2,800 | $2,670 |
| 4 Bed Rent | $3,400 | $3,410 |
% 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 -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -6.0% |
Listing Count | 80 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 57 | -1.0% |
Demographics — Puyallup, WA
As of the latest ACS Survey released in 2023, Puyallup, WA has a population of 29,100, which has increased by 15.9% over the past 5 years. Puyallup, WA is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 15.9% |
% Under 18 | 23.6% | -7.8% |
% Seniors | 11.0% | 0.0% |
% WFH | 8.2% | 82.2% |
% w/ College Degree | 26.5% | 9.5% |
As of the latest ACS Survey released in 2023, Puyallup, WA is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Puyallup, WA is hispanic, making up 11.4% of the population. Foreign-born residents account for 9.7% of the population in Puyallup, WA, and this percentage has increased by 16.9% 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 | 66.5% | -7.9% |
% Black | 6.0% | 122.2% |
% Hispanic | 11.4% | -3.4% |
% Asian | 6.0% | 5.3% |
% Foreign Born | 9.7% | 16.9% |
Mortgage and Risk — Puyallup, WA
According to HUD data as of 2023, there were 465 mortgage originations in Puyallup, WA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 31.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 465 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 2.6%. 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. 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 | 187 |
Total Units Section 8 | 145 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,560 | $1,810 |
| 2 Bedroom | $120 | $2,100 | $2,220 |
| 3 Bedroom | $310 | $2,800 | $3,110 |
| 4 Bedroom | $150 | $3,400 | $3,550 |
Affordability — Puyallup, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $559,000 |
| Median Household Income | $103,000 |