Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Washington
  4. /Bonney Lake, WA - 98391

Bonney Lake, WA—98391

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$678,000
0.7% YoY Growth
Household Income
$129,000
33.6% YoY Growth
Days on Market
33
13.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$2,850
1.7% YoY Growth
1-Bed Rent
$1,420
12.0% YoY Growth
2-Bed Rent
$2,000
4.2% YoY Growth
3-Bed Rent
$2,850
9.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bonney Lake, WA

As of May '26, the median home price in Bonney Lake, WA is $678,000, with a year-over-year change of -0.7%. This indicates that home prices in Bonney Lake, WA are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$678,000-0.7%
Single Family $679,000-0.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $596,000
    0.2%
    2 Bed
    		$631,000-0.6%
    3 Bed
    		$600,000-0.2%
    4 Bed
    		$740,000-0.7%
    5 Bed $803,868-2.1%
    Loading chart...

    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    2.8%
    2 Bedrooms
    10.1%
    3 Bedrooms
    49.6%
    4 Bedrooms
    28.3%
    5+ Bedrooms
    8.7%

    Rental Trends — Bonney Lake, WA

    As of July '25, Rentcast reports the average rent in Bonney Lake, WA is $2,900, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Bonney Lake, WA is 1-bedrooms: $1,590, 2-bedrooms: $2,040, 3-bedrooms: $3,050, 4-bedrooms: $3,440. The most common rental property sizes in Bonney Lake, WA are 3-bedroom and 2-bedroom, accounting for 44.0% and 22.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,850$2,900
    Studio Rent N/AN/A
    1 Bed Rent $1,420$1,590
    2 Bed Rent $2,000$2,040
    3 Bed Rent $2,850$3,050
    4 Bed Rent $3,400$3,440
    Loading chart...

    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    11.6%
    2 Bedrooms
    22.8%
    3 Bedrooms
    44.0%
    4 Bedrooms
    15.4%
    5+ Bedrooms
    4.5%

    Property Listings — Bonney Lake, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Bonney Lake, WA is 33. This is a increase of 13.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$794,0004.0%
    Listing Count
    		40519.0%
    Listings as % of Homes0.7%19.0%
    Days on Market
    		3313.0%
    Loading chart...

    Demographics — Bonney Lake, WA

    As of the latest ACS Survey released in 2023, Bonney Lake, WA has a population of 57,700, which has increased by 13.0% over the past 5 years. Bonney Lake, WA is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		57,70013.0%
    % Under 18
    		28.2%7.2%
    % Seniors
    		12.1%18.6%
    % WFH
    		15.6%169.0%
    % w/ College Degree
    		32.2%24.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Bonney Lake, WA is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Bonney Lake, WA is hispanic, making up 8.6% of the population. Foreign-born residents account for 6.1% of the population in Bonney Lake, WA, and this percentage has increased by 48.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.6%-3.8%
    % Black
    		0.9%0.0%
    % Hispanic
    		8.6%11.7%
    % Asian
    		4.4%109.5%
    % Foreign Born
    		6.1%48.8%
    Loading chart...

    Mortgage and Risk — Bonney Lake, WA

    According to HUD data as of 2023, there were 1640 mortgage originations in Bonney Lake, WA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bonney Lake, WA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,640
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Bonney Lake, WA

    As of 2024, the percent of homes in Bonney Lake, WA under the Section 8 program is 1.3%. 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 Bonney Lake, 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
    		37
    Total Units Section 8
    		37
    % Rentals under Section 8
    		1.3%
    % Occupied Section 8
    		85.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$670$1,420$2,090
    2 Bedroom$570$2,000$2,570
    3 Bedroom$750$2,850$3,600
    4 Bedroom$710$3,400$4,110

    Affordability — Bonney Lake, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$678,000
    Median Household Income$129,000

    Bonney Lake, WA — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Sumner, WA

    98390

    South Prairie

    98385

    Puyallup, WA

    98372

    Puyallup, WA

    98374

    Buckley, WA

    98321

    Frequently Asked Questions