Thurston County, Washington Housing Market
In Thurston County, Washington, the median home value is $480,300, with a median monthly rent of $1,736. This places Thurston County at #153 nationally out of 3134 counties by median home value, and #14 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: $1,344
- Establishments: 8,390
- BLS QCEW, 2025
Housing Supply
- Single-family: 743
- Multi-family: 926
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 129,401 (avg $88,859)
- Outflow: 122,210 (avg $89,963)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Thurston County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98576 | 344.0 | +6.97% | 2025 |
| 2 | 98516 | 337.9 | -0.73% | 2025 |
| 3 | 98589 | 358.8 | +4.15% | 2025 |
| 4 | 98597 | 333.9 | +6.38% | 2025 |
| 5 | 98501 | 347.4 | +3.19% | 2025 |
| 6 | 98512 | 329.2 | -2.48% | 2025 |
| 7 | 98506 | 353.6 | +2.50% | 2025 |
| 8 | 98513 | 339.1 | +2.60% | 2025 |
| 9 | 98503 | 356.1 | +3.63% | 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 Thurston County Compares
| Metric | Thurston County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $480,300 | $436,312 | $227,706 |
| Median Gross Rent | $1,736 | $1,251 | $968 |
| Owner Occupancy Rate | 67.7% | 71.3% | 73.3% |
| Price/Rent Ratio | 23.1 | 29.2 | 18.7 |
Market Analysis
The median home value in Thurston County is 10.1% above the Washington state average and 110.9% above the U.S. national average. The median rent of $1,736/month is 38.8% above the state average.
With a price-to-rent ratio of 23.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Thurston County has an owner-occupancy rate of 67.7%, 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 |
|---|---|---|---|
| Teller County | Colorado | $479,900 | $1,880 |
| Archuleta County | Colorado | $478,100 | $1,432 |
| Blanco County | Texas | $483,500 | $1,017 |
| Fredericksburg city | Virginia | $483,700 | $1,619 |
| Ravalli County | Montana | $476,600 | $1,054 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Chelan County | $490,100 | $1,226 | 64.6% |
| Kittitas County | $497,400 | $1,341 | 61.5% |
| Clark County | $522,900 | $1,748 | 66.4% |
| Pierce County | $526,600 | $1,806 | 64.7% |
| Douglas County | $432,500 | $1,305 | 69.3% |
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).