Tumwater, WA housing market
Typical home value
$520K
▲ 0.7% 1 yr
Typical rent
$2,051/mo
▲ 3.1% 1 yr
Gross rent yield
4.7%
U.S. 6.3%
5-year home value change
+11%
U.S. +20%
Key takeaways
- 1The typical home in Tumwater is worth $519,645, up 0.7% over the past year and up 11% over five years.
- 2Typical rent is $2,051 a month (+3.1% YoY), a gross rent yield of 4.7% (above the Olympia, WA metro's 4.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,856/mo, $805 more than typical rent.
- 4Zillow forecasts the Olympia, WA metro's home values to change +0.3% over the next 12 months.
Market temperature (Olympia, WA metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 19/100, #538 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Tumwater compares
| Measure | Tumwater | Olympia, WA metro | United States |
|---|---|---|---|
| Typical home value | $519,645 | $521,365 | $366,157 |
| Home value, 1-yr change | +0.7% | +0.1% | +1.2% |
| Typical rent | $2,051 | $2,043 | $1,932 |
| Rent, 1-yr change | +3.1% | +2.5% | +2.7% |
| Gross rent yield | 4.7% | 4.7% | 6.3% |
| Price-to-rent ratio | 21.1 | 21.3 | 15.8 |
| Mortgage P&I, typical home | $2,856 | $2,865 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Tumwater rental, pre-filled.
Rent vs buy in Tumwater
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $520K home.
Other cities in the Olympia, WA metro
Lacey, WA
$507K home$2,075 rent
■ 0.0% 1 yr
Olympia, WA
$526K home$1,969 rent
▼ 0.3% 1 yr
Yelm, WA
$480K home$2,364 rent
▲ 0.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.