Area Insights of Olympia, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 2446 homes were sold with 540 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Olympia, WA

Date

04-05-2023

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Olympia Waldorf School

PK to 8

Olympia Christian School

KG to 8

Capital Montessori School

1 to 5

Evergreen Christian School

PK to 8

Nova School

6 to 8

Middle School

Griffin School

KG to 8

Ratings

B+

High School

Touchstone

6 to 12

Avanti High School

9 to 12

Ratings

A+

Cascadia High School

8 to 12

Ratings

D

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 17% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (203,197)
100,359 Male
102,838 Female
Education
19% High School
11% Associate
25% Bachelor
17% Graduate
Age

Average Age is 40 Years

Household Details

The area's household landscape is diverse, with 66% owner-occupied homes and 34% renter-occupied properties. Family households represent 66% of the population, indicating a strong community focus on family living. The average home value stands at $596,931, which suggests ample demand for multi-bedroom properties.

Total Households
87,361
Average home value
$596,931
Owned
66%
Rented
34%
Vacant
4%
Families
66%
Married
51%
With children
30%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 8% Asian, 3% Black, and 2% Native residents, alongside 71% White and 10% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 42% of households earning over $100,000 annually, while 31% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
3%
Healthcare
13%
Professional
6%
Education
9%
Services
34%
Labor
14%
Retail
13%
Other
8%
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