Rainier, WA—98576
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rainier, WA
As of Nov '25, the median home price in Rainier, WA is $509,000, with a year-over-year change of 2.2%. This indicates that home prices in Rainier, WA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $509,000 | 2.2% |
| Single Family | $509,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $421,000 | 2.7% |
3 Bed | $517,000 | 2.2% |
4 Bed | $578,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rainier, WA
As of July '25, Rentcast reports the average rent in Rainier, WA is $1,750, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Rainier, WA is 2-bedrooms: $1,750. The most common rental property sizes in Rainier, WA are 3-bedroom and 2-bedroom, accounting for 51.4% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rainier, WA
As of Nov '25, Realtor.com reports that the median days on market for a home in Rainier, WA is 92. This is a increase of 242.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -20.0% |
Listing Count | 14 | 30.0% |
| Listings as % of Homes | 0.9% | 30.0% |
Days on Market | 92 | 242.0% |
Demographics — Rainier, WA
As of the latest ACS Survey released in 2023, Rainier, WA has a population of 5,060, which has decreased by -1.1% over the past 5 years. Rainier, WA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,060 | -1.1% |
% Under 18 | 24.7% | -0.4% |
% Seniors | 15.9% | -8.6% |
% WFH | 21.7% | 121.4% |
% w/ College Degree | 21.2% | 13.4% |
As of the latest ACS Survey released in 2023, Rainier, WA is a predominantly white area, with 85.9% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Rainier, WA is hispanic, making up 6.5% of the population. Foreign-born residents account for 4.9% of the population in Rainier, WA, and this percentage has increased by 188.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.9% | 2.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.5% | 51.2% |
% Asian | 0.5% | -79.2% |
% Foreign Born | 4.9% | 188.2% |
Mortgage and Risk — Rainier, WA
Rainier, WA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Rainier, WA
Rainier, 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 | 4.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,400 |
| 2 Bedroom | $130 | $1,500 | $1,630 |
| 3 Bedroom | N/A | N/A | $2,280 |
| 4 Bedroom | N/A | N/A | $2,760 |
Affordability — Rainier, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $509,000 |
| Median Household Income | $101,000 |