Olympia-Lacey-Tumwater, WA · Washington
Thurston County
ZIP 98513
296,640 residents1,462 permits TTM$93,985 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$451,500
ACS 5-Year
Cap rate proxy
4.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
20.9%
HUD FMR ÷ ACS HHI
Net migration
+2.75%
IRS SOI
Permits (TTM)
1,462
Census BPS
Climate risk
94.5
FEMA NRI (0–100)
ZIP 98513
Median home value
—
Gross yield
—
Cap rate
5.4%
Rent gap
—
Affordability
P/I: 5.3R/I: 28.6%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 98530 | — | — | — | 4.3% | — |
| 98597 | — | — | — | 6.2% | — |
| 98505 | — | — | — | 4.3% | — |
| 98556 | — | — | — | 4.3% | — |
| 98513 | — | — | — | 5.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
67.8%
Census ACS
Vacancy rate
5.0%
Census ACS
Bachelor's degree +
37.2%
Census ACS
Rent burdened
52.1%
Census ACS (>30% income)
Median age
39.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026