What is the average home price in Steilacoom, WA 98388?

As of May '26, the median home price in Steilacoom, WA 98388 is $650,000, based on Zillow home estimates.

How have home prices in Steilacoom, WA 98388 changed over the past year?

As of May '26, home prices have decreased 0.1% over the past year, according to Zillow home estimates data.

What is the home price projection for Steilacoom, WA 98388?

As of May '26, Zillow projects home prices in Steilacoom, WA 98388 to decrease 0.4% in the next year.

What are the demographics of Steilacoom, WA 98388?

According to the latest Census, the demographics of Steilacoom, WA 98388 are 67.6% White, 4.9% Black, 5.4% Asian, 11.5% Hispanic. The population is 7,050, with 19.1% under 18 years old.

How long does it take homes to sell in Steilacoom, WA 98388?

According to Realtor.com, as of May '26, the median home in Steilacoom, WA 98388 is on the market for 55 days. This is an increase of 33.0% from last year.

What is the average rent price in Steilacoom, WA 98388?

The average rent price in Steilacoom, WA 98388, as of the latest data, is $2,390. The average rent for 1 bedroom homes is $1,380. For 2, 3, and 4 bedroom homes, the average rent is $2,120, $2,260, and $3,280 respectively.

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Steilacoom, WA—98388

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$650,000

0.1% YoY Growth

Household Income

$97,600

26.9% YoY Growth

Days on Market

33.0% Longer YoY

Home Price Forecast

-0.4%

Median Rent

$2,350

13.1% YoY Growth

1-Bed Rent

$1,250

30.3% YoY Growth

2-Bed Rent

$1,950

60.6% YoY Growth

3-Bed Rent

$2,300

24.4% YoY Growth

Home Price Trends — Steilacoom, WA

As of May '26, the median home price in Steilacoom, WA is $650,000, with a year-over-year change of -0.1%. This indicates that home prices in Steilacoom, WA are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$650,000	-0.1%
Single Family	$666,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$922,000	11.0%
Listing Count	32	28.0%
Listings as % of Homes	0.6%	28.0%
Days on Market	55	33.0%

Metric	Latest Census	YoY % Change
Population	7,050	6.3%
% Under 18	19.1%	-1.5%
% Seniors	18.8%	-1.1%
% WFH	21.7%	108.7%
% w/ College Degree	45.3%	11.3%

Metric	Zip Code Average
Total Loan Originations	128
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

Total Units under HUD	25
Total Units Section 8	25
% Rentals under Section 8	2.5%
% Occupied Section 8	84.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$300	$1,250	$1,550
2 Bedroom	-$40	$1,950	$1,910
3 Bedroom	$380	$2,300	$2,680
4 Bedroom	$60	$3,000	$3,060

Steilacoom, WA—98388

Key Metrics at a Glance

Home Price Trends — Steilacoom, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Steilacoom, WA

% of Rental Stock

Property Listings — Steilacoom, WA

Demographics — Steilacoom, WA

Race and Ethnicity

Mortgage and Risk — Steilacoom, WA

Mortgages

Rentals and Section 8 — Steilacoom, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Steilacoom, WA

Home Price to Income Ratio

Steilacoom, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Johnson Landing, WA

Fox Island, WA

Longbranch, WA

Lakebay, WA

Gig Harbor, WA

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,350	$2,390
Studio Rent	N/A	N/A
1 Bed Rent	$1,250	$1,380
2 Bed Rent	$1,950	$2,120
3 Bed Rent	$2,300	$2,260
4 Bed Rent	$3,000	$3,280

Metric	Latest Census	5-Year % Change
% White	67.6%	-0.7%
% Black	4.9%	-23.4%
% Hispanic	11.5%	12.7%
% Asian	5.4%	-30.8%
% Foreign Born	7.9%	-28.2%

Metric	Zip Code Average
Home Price to Income Ratio	6.4
Median Home Price	$650,000
Median Household Income	$97,600