Safe Rate Local

Olympia

Learn about the people, housing, costs and businesses in Olympia, Washington

Median Home$458,309
Median Rent$1,665/month
Population55,223
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare8% arts, food & hospitality
Home Value Growth+8.9% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners51% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableHighly Educated30% bachelor's · 15% graduate · top 9% nationally
Olympia
WA

Frequently Asked Questions

What are today's mortgage rates in Olympia?

As of today, the 30-year fixed mortgage rate for Olympia is approximately 6.820% (6.858% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Olympia
What is the median home price in Olympia?

The median home value in Olympia is $458k. The median monthly rent is $1,665. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olympia?

Home values in Olympia have increased 8.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Olympia?

Based on a typical all-in ownership cost of $1,703/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olympia is $86k/year.

Calculate your buying power
What industries drive the economy in Olympia?

The largest employment sectors in Olympia are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.