The story of this market
The typical home in ZIP 98312 sells for about $486,599, or $265 per square foot.
Prices are up +1.8% from a year ago, so sellers still have some momentum. Homes take about 8 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,940 a month.
ZIP 98312 — Bremerton
The 98312 housing market remains competitive with low inventory and steady price appreciation, driven by its role as a bedroom community for the Seattle metro and the local defense industry. While sales volume is moderate, the market shows resilience with a high sale-to-list ratio. Some figures, such as specific permit activity and detailed crime trends, were not available at the ZIP level.
This ZIP is well-suited for military families, commuters seeking a balance between affordability and access to the Seattle metro, and those looking for suburban living near the water.
Median prices moved up 1.8% year over year.
Homes spend a median of 8 days on market with 2.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 11.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98312, Kitsap County WA
Schools in the area are part of the Bremerton School District and Central Kitsap School District, generally reflecting regional performance standards.
The area is subject to standard Pacific Northwest seismic and wind risks, with specific flood zones identified near coastal and low-lying areas.
Economic momentum is driven by the proximity to Puget Sound Naval Shipyard and related defense contracting, with ongoing residential development in suburban pockets.
Property taxes are assessed by Kitsap County based on local levies, with rates varying by specific school and fire district boundaries.
Commuters primarily utilize the Bremerton-Seattle ferry or drive via WA-3 toward Silverdale and Tacoma employment hubs.
The area features access to numerous parks, waterfront trails along the Puget Sound, and proximity to regional golf courses and shopping centers in Bremerton.
The rental market is characterized by steady demand driven by military personnel and commuters, with moderate vacancy pressure.
The economy is heavily anchored by the Puget Sound Naval Shipyard and the broader defense and maritime sector in Kitsap County.
Transit is supported by Kitsap Transit bus services and the Bremerton-Seattle ferry terminal, providing critical links to the regional core.
Development is focused on infill residential projects and downtown revitalization efforts near the ferry terminal.
Parcels are subject to Kitsap County property taxes and various local school and fire district levies.
Property insurance premiums are influenced by regional wildfire risk assessments and proximity to coastal flood zones.
Data retrieved from Census Reporter ZCTA 98312 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features waterfront access and camping.
Public championship-level golf facility.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).