Belfair, WA 98528 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Belfair, WA—98528

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$480,000

0.8% YoY Growth

Household Income

$85,600

54.1% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,800

20.2% YoY Growth

1-Bed Rent

$730

0.0% YoY Growth

2-Bed Rent

$1,620

N/A

3-Bed Rent

N/A

Home Price Trends — Belfair, WA

As of Dec '25, the median home price in Belfair, WA is $480,000, with a year-over-year change of 0.8%. This indicates that home prices in Belfair, WA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$480,000	0.8%
Single Family	$481,000	0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Belfair, WA

As of July '25, Rentcast reports the average rent in Belfair, WA is $1,900, with a year-over-year rent change of -20.2%. Per bedroom, the median rent as of July '25 in Belfair, WA is 1-bedrooms: $730, 2-bedrooms: $1,710, 4-bedrooms: $2,690. The most common rental property sizes in Belfair, WA are 1-bedroom and 3-bedroom, accounting for 39.1% and 28.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,900
Studio Rent	N/A	N/A
1 Bed Rent	$730	$730
2 Bed Rent	$1,620	$1,710
3 Bed Rent	N/A	N/A
4 Bed Rent	$2,680	$2,690

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% of Rental Stock

Studio

1.8%

1 Bedroom

39.1%

2 Bedrooms

26.2%

3 Bedrooms

28.5%

4 Bedrooms

1.2%

5+ Bedrooms

3.3%

Property Listings — Belfair, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Belfair, WA is 51. This is a increase of 17.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$660,000	23.0%
Listing Count	30	-45.0%
Listings as % of Homes	0.5%	-45.0%
Days on Market	56	-6.0%

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Demographics — Belfair, WA

As of the latest ACS Survey released in 2023, Belfair, WA has a population of 12,400, which has increased by 23.3% over the past 5 years. Belfair, WA is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,400	23.3%
% Under 18	23.1%	19.1%
% Seniors	21.0%	12.9%
% WFH	5.0%	-49.0%
% w/ College Degree	16.0%	11.9%

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As of the latest ACS Survey released in 2023, Belfair, WA is a predominantly white area, with 74.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Belfair, WA is hispanic, making up 11.6% of the population. Foreign-born residents account for 7.2% of the population in Belfair, WA, and this percentage has decreased by 25.0% 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	74.8%	-2.6%
% Black	2.2%	-47.6%
% Hispanic	11.6%	-20.5%
% Asian	2.0%	-4.8%
% Foreign Born	7.2%	-25.0%

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Mortgage and Risk — Belfair, WA

According to HUD data as of 2023, there were 270 mortgage originations in Belfair, WA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Belfair, WA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	270
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Belfair, WA

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

Section 8 Market Size

Total Units under HUD	9
Total Units Section 8	9
% Rentals under Section 8	1.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$720	$730	$1,450
2 Bedroom	$230	$1,620	$1,850
3 Bedroom	N/A	N/A	$2,520
4 Bedroom	$240	$2,680	$2,920

Belfair, WA—98528

Key Metrics at a Glance

Home Price Trends — Belfair, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belfair, WA

% of Rental Stock

Property Listings — Belfair, WA

Demographics — Belfair, WA

Race and Ethnicity

Mortgage and Risk — Belfair, WA

Mortgages

Rentals and Section 8 — Belfair, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Belfair, WA

Home Price to Income Ratio

Belfair, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Allyn, WA

Grapeview, WA

Tahuya, WA

Seabeck, WA

Vaughn, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.4
Median Home Price	$480,000
Median Household Income	$85,600

Belfair, WA—98528

Key Metrics at a Glance

Home Price Trends — Belfair, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Belfair, WA

% of Rental Stock

Property Listings — Belfair, WA

Demographics — Belfair, WA

Race and Ethnicity

Mortgage and Risk — Belfair, WA

Mortgages

Rentals and Section 8 — Belfair, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Belfair, WA

Home Price to Income Ratio

Belfair, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Allyn, WA

Grapeview, WA

Tahuya, WA

Seabeck, WA

Vaughn, WA

Frequently Asked Questions

What is the average home price in Belfair, WA 98528?

How have home prices in Belfair, WA 98528 changed over the past year?

What is the home price projection for Belfair, WA 98528?

What are the demographics of Belfair, WA 98528?

How long does it take homes to sell in Belfair, WA 98528?

What is the average rent price in Belfair, WA 98528?