Grays Harbor County, Washington Housing Market
In Grays Harbor County, Washington, the median home value is $314,000, with a median monthly rent of $1,062. This places Grays Harbor County at #559 nationally out of 3134 counties by median home value, and #31 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,037
- Establishments: 1,731
- BLS QCEW, 2025
Housing Supply
- Single-family: 201
- Multi-family: 23
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 29,828 (avg $69,834)
- Outflow: 27,967 (avg $69,765)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Grays Harbor County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98568 | 350.6 | +19.99% | 2025 |
| 2 | 98595 | 373.0 | +11.85% | 2025 |
| 3 | 98563 | 305.5 | +2.42% | 2025 |
| 4 | 98550 | 325.4 | +7.95% | 2025 |
| 5 | 98557 | 366.3 | +1.94% | 2025 |
| 6 | 98569 | 314.3 | -3.39% | 2025 |
| 7 | 98541 | 320.6 | +2.40% | 2025 |
| 8 | 98579 | 349.2 | +4.86% | 2025 |
| 9 | 98537 | 321.1 | -2.87% | 2025 |
| 10 | 98520 | 318.7 | +3.38% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Grays Harbor County Compares
| Metric | Grays Harbor County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $314,000 | $436,312 | $227,706 |
| Median Gross Rent | $1,062 | $1,251 | $968 |
| Owner Occupancy Rate | 73.2% | 71.3% | 73.3% |
| Price/Rent Ratio | 24.6 | 29.2 | 18.7 |
Market Analysis
The median home value in Grays Harbor County is 28.0% below the Washington state average and 37.9% above the U.S. national average. The median rent of $1,062/month is 15.1% below the state average.
With a price-to-rent ratio of 24.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Grays Harbor County has an owner-occupancy rate of 73.2%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Gilmer County | Georgia | $314,000 | $998 |
| Henry County | Georgia | $313,900 | $1,674 |
| Sarpy County | Nebraska | $314,100 | $1,334 |
| Fluvanna County | Virginia | $314,100 | $1,204 |
| Fremont County | Idaho | $314,200 | $864 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Yakima County | $310,100 | $1,109 | 61.8% |
| Asotin County | $325,600 | $1,043 | 73.2% |
| Okanogan County | $299,800 | $887 | 72.4% |
| Grant County | $299,500 | $1,116 | 66.3% |
| Pacific County | $334,800 | $1,005 | 81.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).