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These days, finding an affordable place to live in the Olympia area can be challenging. Home prices in Olympia are now at a median cost of $520,232, lower than the Washington average of $621,115.
The average cost of rent is $1,878/mo in Olympia, primarily driven by the current value of real estate in the Olympia area. In Olympia, 32.17% of households rent, and 36.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olympia is $9,004 per month. Households that rent pay about 20.86% of their income on rent here. Olympia’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tumwater, WA: less expensive homes
- Lacey, WA: less expensive homes
- Kellys Korner, WA: equally priced homes
- Nisqually Indian Community, WA: less expensive homes
- Littlerock, WA: equally priced homes
- Dupont, WA: equally priced homes
- Anderson Island, WA: equally priced homes
- Tenino, WA: less expensive homes
- Longbranch, WA: higher priced homes
- Wauna, WA: equally priced homes
Cities with Similar Populations
- Mansfield, TX: less expensive homes
- Manhattan, NY: higher priced homes
- Marietta, GA: less expensive homes
- Mansfield, OH: less expensive homes
- Maple Grove, MN: less expensive homes
- Livonia, MI: less expensive homes
- Leander, TX: equally priced homes
- Louisville, KY: less expensive homes
- Lawrenceville, GA: less expensive homes
- Lawrence, MA: less expensive homes
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