Kitsap County, Washington Housing Market
In Kitsap County, Washington, the median home value is $555,100, with a median monthly rent of $1,822. This places Kitsap County at #99 nationally out of 3134 counties by median home value, and #6 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: $1,230
- Establishments: 6,721
- BLS QCEW, 2025
Housing Supply
- Single-family: 631
- Multi-family: 1,149
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 118,789 (avg $109,734)
- Outflow: 111,852 (avg $109,816)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Kitsap County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98340 | 337.5 | +5.74% | 2025 |
| 2 | 98346 | 297.6 | +3.26% | 2025 |
| 3 | 98329 | 394.9 | +3.72% | 2025 |
| 4 | 98342 | 373.5 | -0.66% | 2025 |
| 5 | 98383 | 341.8 | +6.84% | 2025 |
| 6 | 98528 | 333.3 | +4.37% | 2025 |
| 7 | 98380 | 352.0 | +6.85% | 2025 |
| 8 | 98392 | 329.8 | +1.50% | 2025 |
| 9 | 98337 | 386.2 | -5.35% | 2025 |
| 10 | 98311 | 354.6 | -0.08% | 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 Kitsap County Compares
| Metric | Kitsap County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $555,100 | $436,312 | $227,706 |
| Median Gross Rent | $1,822 | $1,251 | $968 |
| Owner Occupancy Rate | 70.1% | 71.3% | 73.3% |
| Price/Rent Ratio | 25.4 | 29.2 | 18.7 |
Market Analysis
The median home value in Kitsap County is 27.2% above the Washington state average and 143.8% above the U.S. national average. The median rent of $1,822/month is 45.6% above the state average.
With a price-to-rent ratio of 25.4, Kitsap County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Kitsap County has an owner-occupancy rate of 70.1%, 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 |
|---|---|---|---|
| Plymouth County | Massachusetts | $556,000 | $1,747 |
| Riverside County | California | $557,300 | $1,901 |
| Multnomah County | Oregon | $552,700 | $1,646 |
| Somerset County | New Jersey | $552,100 | $2,033 |
| Forsyth County | Georgia | $550,400 | $2,090 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Skagit County | $545,100 | $1,536 | 70.1% |
| Jefferson County | $535,000 | $1,522 | 79.0% |
| Skamania County | $529,500 | $1,068 | 80.0% |
| Pierce County | $526,600 | $1,806 | 64.7% |
| Whatcom County | $585,800 | $1,555 | 63.7% |
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).