The median home value in Olympia-Tumwater Metro is $356,661. Olympia-Tumwater Metro home values have gone up 8.8% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Olympia-Tumwater Metro is $185, which is lower than the Washington average of $237. The median price of homes currently listed in Olympia-Tumwater Metro is $334,900 while the median price of homes that sold is $354,300. The median rent price in Olympia-Tumwater Metro is $1,775, which is lower than the Washington median of $1,995.
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-Tumwater Metro is 0.6%, 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-Tumwater Metro homeowners underwater on their mortgage is 4.4%, which is higher than Washington at 4.3%.
