The median home value in Olympia is $359,645. Olympia home values have gone up 5.7% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Olympia is $200, which is higher than the Olympia-Tumwater Metro average of $185. The median price of homes currently listed in Olympia is $350,000 while the median price of homes that sold is $361,400. The median rent price in Olympia is $1,750, which is lower than the Olympia-Tumwater Metro median of $1,775.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Olympia is 0.5%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Olympia homeowners underwater on their mortgage is 4.1%, which is lower than Olympia-Tumwater Metro at 4.4%.
