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  4. /Belfair, WA - 98528

Belfair, WA—98528

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$494,000
0.0% YoY Growth
Household Income
$85,600
54.1% YoY Growth
Days on Market
39
5.0% Shorter YoY
Home Price Forecast
-0.9%
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
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Belfair, WA

As of May '26, the median home price in Belfair, WA is $494,000, with a year-over-year change of 0.0%. This indicates that home prices in Belfair, WA are flat. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$494,0000.0%
Single Family $495,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $387,000
    -1.3%
    2 Bed
    		$484,000-0.6%
    3 Bed
    		$504,000-0.2%
    4 Bed
    		$555,000-1.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    12.0%
    2 Bedrooms
    25.6%
    3 Bedrooms
    51.2%
    4 Bedrooms
    8.2%
    5+ Bedrooms
    1.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,900
    Studio Rent N/AN/A
    1 Bed Rent $730$730
    2 Bed Rent $1,620$1,710
    3 Bed Rent N/AN/A
    4 Bed Rent $2,680$2,690
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Belfair, WA is 39. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$749,00011.0%
    Listing Count
    		529.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		39-5.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		12,40023.3%
    % Under 18
    		23.1%19.1%
    % Seniors
    		21.0%12.9%
    % WFH
    		5.0%-49.0%
    % w/ College Degree
    		16.0%11.9%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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%
    Loading chart...
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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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$720$730$1,450
    2 Bedroom$230$1,620$1,850
    3 BedroomN/AN/A$2,520
    4 Bedroom$240$2,680$2,920

    Affordability — Belfair, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$494,000
    Median Household Income$85,600

    Belfair, WA — ZIP Code Boundary Map

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    Frequently Asked Questions