Sequim, WA 98382 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sequim, WA—98382

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$559,000

0.3% YoY Growth

Household Income

$70,500

39.9% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$2,350

2.3% YoY Growth

1-Bed Rent

$1,300

20.1% YoY Growth

2-Bed Rent

$1,650

7.0% YoY Growth

3-Bed Rent

$2,500

3.5% YoY Growth

Home Price Trends — Sequim, WA

As of Nov '25, the median home price in Sequim, WA is $559,000, with a year-over-year change of 0.3%. This indicates that home prices in Sequim, WA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$559,000	0.3%
Single Family	$571,000	-0.2%
Condos	$414,000	1.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sequim, WA

As of July '25, Rentcast reports the average rent in Sequim, WA is $2,140, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Sequim, WA is 1-bedrooms: $1,270, 2-bedrooms: $2,140, 3-bedrooms: $2,510, 4-bedrooms: $2,820. The most common rental property sizes in Sequim, WA are 2-bedroom and 3-bedroom, accounting for 40.5% and 32.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,350	$2,140
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,270
2 Bed Rent	$1,650	$2,140
3 Bed Rent	$2,500	$2,510
4 Bed Rent	$2,750	$2,820

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% of Rental Stock

Studio

3.1%

1 Bedroom

22.1%

2 Bedrooms

40.5%

3 Bedrooms

32.0%

4 Bedrooms

1.5%

5+ Bedrooms

0.8%

Property Listings — Sequim, WA

As of Nov '25, Realtor.com reports that the median days on market for a home in Sequim, WA is 83. 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$599,000	-15.0%
Listing Count	182	19.0%
Listings as % of Homes	0.7%	19.0%
Days on Market	83	10.0%

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Demographics — Sequim, WA

As of the latest ACS Survey released in 2023, Sequim, WA has a population of 31,200, which has increased by 10.2% over the past 5 years. Sequim, WA is a less popular place for families, as children make up 13.1% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,200	10.2%
% Under 18	13.1%	4.8%
% Seniors	42.1%	4.7%
% WFH	14.2%	121.9%
% w/ College Degree	34.9%	12.6%

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As of the latest ACS Survey released in 2023, Sequim, WA is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Sequim, WA is hispanic, making up 4.2% of the population. Foreign-born residents account for 5.6% of the population in Sequim, WA, and this percentage has decreased by 17.6% 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	85.1%	-4.7%
% Black	0.9%	125.0%
% Hispanic	4.2%	-4.5%
% Asian	2.2%	22.2%
% Foreign Born	5.6%	-17.6%

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Mortgage and Risk — Sequim, WA

According to HUD data as of 2023, there were 542 mortgage originations in Sequim, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Sequim, WA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	542
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	3.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Sequim, WA

Sequim, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	139
Total Units Section 8	139
% Rentals under Section 8	N/A
% Occupied Section 8	93.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$280	$1,300	$1,020
2 Bedroom	-$310	$1,650	$1,340
3 Bedroom	-$630	$2,500	$1,870
4 Bedroom	-$610	$2,750	$2,140

Sequim, WA—98382

Key Metrics at a Glance

Home Price Trends — Sequim, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sequim, WA

% of Rental Stock

Property Listings — Sequim, WA

Demographics — Sequim, WA

Race and Ethnicity

Mortgage and Risk — Sequim, WA

Mortgages

Rentals and Section 8 — Sequim, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Sequim, WA

Home Price to Income Ratio

Sequim, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Port Townsend, WA

Port Angeles, WA

Coupeville, WA

Bangor Trident Base, WA

Lilliwaup, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.6
Median Home Price	$559,000
Median Household Income	$70,500

Sequim, WA—98382

Key Metrics at a Glance

Home Price Trends — Sequim, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sequim, WA

% of Rental Stock

Property Listings — Sequim, WA

Demographics — Sequim, WA

Race and Ethnicity

Mortgage and Risk — Sequim, WA

Mortgages

Rentals and Section 8 — Sequim, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Sequim, WA

Home Price to Income Ratio

Sequim, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Port Townsend, WA

Port Angeles, WA

Coupeville, WA

Bangor Trident Base, WA

Lilliwaup, WA

Frequently Asked Questions

What is the average home price in Sequim, WA 98382?

How have home prices in Sequim, WA 98382 changed over the past year?

What is the home price projection for Sequim, WA 98382?

What are the demographics of Sequim, WA 98382?

How long does it take homes to sell in Sequim, WA 98382?

What is the average rent price in Sequim, WA 98382?