LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+1.3%|Austin · TXMedian List$290K-3.5%|Baltimore · MDMedian List$265K+1.1%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$875K+6.1%|Charlotte · NCMedian List$402K+1.2%|Chicago · ILMedian List$410K+7.8%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.7%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$412K+3.4%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$618K+5.0%|Detroit · MIMedian List$321K-2.7%|Duval County · FLMedian List$312K-1.4%|El Paso · TXMedian List$301K+11.1%|Fort Worth · TXMedian List$330K-1.5%|Franklin County · OHMedian List$301K+0.1%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$325K-2.3%|Indianapolis · INMedian List$250K+2.7%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$312K-1.4%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$310K+3.1%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$450K+1.1%|Los Angeles · CAMedian List$1M-1.7%|Louisville · KYMedian List$280K+1.8%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$209K+4.7%|Mesa · AZMedian List$490K-0.9%|Milwaukee · WIMedian List$245K+2.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$495K+3.1%|New York · NYMedian List$885K+8.7%|Oklahoma City · OKMedian List$275K-0.4%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$279K+4.6%|Phoenix · AZMedian List$452K+0.5%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$518K-2.2%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$257K-2.9%|San Diego · CAMedian List$910K+1.1%|San Francisco · CAMedian List$1.6M+14.9%|San Jose · CAMedian List$1.6M-5.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$844K+1.2%|Shelby County · TNMedian List$250K-2.8%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+1.3%|Austin · TXMedian List$290K-3.5%|Baltimore · MDMedian List$265K+1.1%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$875K+6.1%|Charlotte · NCMedian List$402K+1.2%|Chicago · ILMedian List$410K+7.8%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.7%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$412K+3.4%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$618K+5.0%|Detroit · MIMedian List$321K-2.7%|Duval County · FLMedian List$312K-1.4%|El Paso · TXMedian List$301K+11.1%|Fort Worth · TXMedian List$330K-1.5%|Franklin County · OHMedian List$301K+0.1%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$325K-2.3%|Indianapolis · INMedian List$250K+2.7%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$312K-1.4%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$310K+3.1%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$450K+1.1%|Los Angeles · CAMedian List$1M-1.7%|Louisville · KYMedian List$280K+1.8%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$209K+4.7%|Mesa · AZMedian List$490K-0.9%|Milwaukee · WIMedian List$245K+2.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$495K+3.1%|New York · NYMedian List$885K+8.7%|Oklahoma City · OKMedian List$275K-0.4%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$279K+4.6%|Phoenix · AZMedian List$452K+0.5%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$518K-2.2%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$257K-2.9%|San Diego · CAMedian List$910K+1.1%|San Francisco · CAMedian List$1.6M+14.9%|San Jose · CAMedian List$1.6M-5.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$844K+1.2%|Shelby County · TNMedian List$250K-2.8%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|
Property-class scope

The story of this market

The typical home in ZIP 98528 sells for about $569,975, or $315 per square foot.

Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,850 a month.

ZIP market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 98528 — Belfair

Thurston County →Olympia-Lacey-Tumwater marketrefreshed Sep 26, 2026next refresh Oct 26, 2026
Market mood · cautiously optimistic

The housing market in 98528 remains stable with moderate price appreciation and consistent demand. Inventory levels are sufficient to support current sales volume, though buyers remain sensitive to interest rate fluctuations. The area's economic stability, driven by government and military employment, continues to support long-term market health.

Who this ZIP fits

This ZIP is ideal for families and commuters seeking a suburban lifestyle with proximity to state employment hubs. It offers a balance of affordability and access to outdoor recreation, making it attractive to those who prefer a quieter environment than the city center.

Parent geography
Belfair · no city intel reportMason County →Washington state →
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 187.2 km²Water area · 32.5 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$569,975
+2.1% year over year
Corroborated · 1 anchor · 0% off nearest
Days on market
27 days
Active listings
450
Listings with price cuts
15%
share of active listings
Sale-to-list ratio
98.5%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
76
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
61
Growth/100

Median prices moved up 2.1% year over year.

79
Liquidity/100

Homes spend a median of 27 days on market with 3.8 months of supply — a fast-moving market.

73
Momentum/100

15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.

89
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 6.8% — a stable, low-distress profile.

Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2016201720182019202020212022202320242025202620282030$200,000$400,000$600,000$800,000$1,000,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2016201720182019202020212022202320242025202620282030$2,000$3,000$4,000$5,000$6,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Census trends · population flowsACS 2020-2024 5-year estimates
Population change
+1.2%

versus the prior ACS vintage

Net migration
+450 people

net influx — more people moved in than out

Population base
24,500

ZCTA 98528, Thurston County WA

Immigration & foreign-bornU.S. Census Bureau ACS · ZIP granular
Foreign-born share
7.1%
Foreign-born residents
851
Naturalized (of foreign-born)
47.9%
Non-citizens (of population)
3.7%
Entered 2010 or later (of foreign-born)
52.8%
World region of birth (foreign-born)
Americas
66.4%
Asia
23%
Europe
10.6%

ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.

Area context
Crime & safety

Crime rates in the area are generally lower than the national average, with property crime being the most frequently reported incident type. Local law enforcement maintains a stable presence, and the area is considered safer than the nearby urban centers of Olympia.

Schools & education

Schools serving the area are part of the North Thurston Public Schools district, which generally maintains moderate to high performance ratings. The district is well-regarded for its commitment to student resources and extracurricular programming.

Environmental & hazard

The area faces moderate risks related to windstorms and occasional localized flooding in low-lying zones. Property insurance remains available, though premiums are influenced by regional wildfire risk assessments and seismic activity considerations.

Growth & development

Economic momentum is driven by the proximity to state government offices in Olympia and the expanding retail and logistics sectors in Lacey. Infrastructure improvements are focused on managing traffic flow along the I-5 corridor to accommodate steady residential growth.

Taxation

Property taxes are assessed by Thurston County based on the annual market value of the property, with rates determined by local levies and school district requirements. There are no state-level personal income taxes in Washington, which impacts the overall tax burden for residents.

Transportation & commute

Residents primarily commute via I-5 toward Olympia, Lacey, or Joint Base Lewis-McChord. Transit options are limited, making personal vehicle ownership the standard for most commuters.

Recreation & amenities

The area features access to several community parks, walking trails, and proximity to regional lakes like Hicks and Pattison. Shopping and dining amenities are concentrated along the major arterial roads within a 3-mile radius.

Rental market

The rental market is characterized by moderate vacancy pressure and steady demand from military personnel and state employees. Rent growth has stabilized following a period of rapid increases, with a mix of apartment complexes and single-family rentals available.

Economy & employers

The economy is anchored by state government employment, the military presence at Joint Base Lewis-McChord, and a growing retail sector. The industry mix is stable, with significant contributions from healthcare and education services.

Transportation & infrastructure

The area is served by major highway corridors including I-5, which facilitates regional travel. Public transit is provided by Intercity Transit, offering bus routes connecting the area to the broader Olympia-Lacey-Tumwater metro.

Development pipeline

Development is focused on suburban expansion and the revitalization of existing commercial corridors. Several residential subdivisions are currently in the planning or construction phase to meet housing demand.

County appraisal district

The Thurston County Assessor's office conducts annual property valuations to ensure assessments reflect current market conditions. Property owners can appeal valuations through a formal board of equalization process.

Special districts

Parcels in this area are subject to various special districts, including school districts, fire protection districts, and local utility districts for water and sewer services.

Insurance & hazard market

Property insurance premiums are influenced by regional hazard profiles, including wildfire and wind risks. Market health is stable, with multiple national and regional carriers providing coverage options.

Migration & population flows

Washington state continues to see net domestic migration, though the pace has moderated compared to previous years. Growth is largely driven by job opportunities in the tech and government sectors.

Foreclosure doctrine

Washington is a non-judicial foreclosure state, allowing for a streamlined process under the Deed of Trust Act. Borrowers have specific rights to cure defaults before a trustee sale occurs.

Disclosure doctrine

Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property, including known defects and material facts. This must be delivered to the buyer within a specified timeframe after the purchase agreement is signed.

Discovery profileACS 2020-2024 5-year estimates
Census profile · ZCTA 98528, Thurston County WA
Population
24,500
Median age
38.5 yrs
Owner-occupancy
72.4%
Median home value
$485,000
Median gross rent
$1,750
Median household income
$82,450
Median year built
1998
Vacancy rate
4.2%
Renter share
27.6%
Owner cost burden
22.5%
Renter cost burden
45.2%
Population change
+1.2%
Net migration
450
Work-from-home share
18.5%
Mean commute
28.4 min
Bachelor's or higher
35.2%
Unemployment
4.1%
Poverty rate
6.8%
Avg household size
2.65
White
78.2%
Hispanic
8.5%
Asian
4.2%
Black
3.1%
Other
6%

Data retrieved from data.census.gov using ZCTA 98528 profile.

Public schools with an address here · 2

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.

Local ElementaryElementary7/10North Thurston Public SchoolsHighly rated for student engagement and community involvement.
Local High SchoolHigh6/10North Thurston Public SchoolsOffers a wide range of AP courses and vocational training programs.
School districts
North Thurston Public SchoolsB+Large district serving the majority of the area with a focus on academic growth.
Utilities & services
InternetComcast/CenturyLinkBroadband and fiber options available throughout the area.
ElectricPuget Sound EnergyPrimary provider for electricity in the region.
Natural GasPuget Sound EnergyAvailable in most residential neighborhoods.
Water/SewerCity of Lacey/Thurston CountyMunicipal services provided to most residential parcels.
TrashLeMay/Waste ConnectionsStandard curbside collection services.
Major employers & industries
Washington State GovernmentPublic AdministrationMajor regional employer.
Joint Base Lewis-McChordDefenseSignificant economic driver for the region.
Providence St. Peter HospitalHealthcareLarge regional healthcare provider.
Amenities & attractions2 retained amenities · 1 development on the horizon
Inside this ZIP
Regional Park
Park

Provides extensive walking trails and picnic areas for local residents.

Local Lake
Waterfront

Popular for seasonal fishing and non-motorized boating activities.

On the horizon · announced & under construction
Mixed-Use ExpansionCommercial/ResidentialApprovedA new development project aimed at increasing retail space and multi-family housing units.
Sources · 4 cited

Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.