Housing in Olympia
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Olympia, Washington
The housing market in Olympia is competitive, with prices generally on an upward trend. The median property value in Olympia was $486,200 in 2024, reflecting a 6.18% increase from the previous year. The homeownership rate is around 49.8%, which is lower than the national average, suggesting a significant rental market. For renters, the average rent for an apartment in Olympia was $1,800 per month as of June 2026, representing a 6% increase year-over-year. One-bedroom apartments average around $1,499, while two-bedroom apartments are closer to $1,800. The rental market has seen consistent increases, making affordability a growing concern for many residents.
Housing
About Olympia, Washington
Olympia, the capital city of Washington State, is nestled at the southern end of Puget Sound. Known for its vibrant arts scene, progressive politics, and strong connection to nature, Olympia offers a unique blend of urban amenities and outdoor recreation. The city serves as a hub for state government, which is a major employer, and boasts a rich history evident in its architecture and cultural institutions. People are drawn to Olympia for its relatively affordable cost of living compared to larger Puget Sound cities, its community-oriented atmosphere, and its proximity to both the Olympic Mountains and the Pacific Ocean, providing ample opportunities for outdoor enthusiasts.