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MarketsMarket MapOlympia, WA
Metropolitan Area

Olympia, WA

Washington0
42
/100
Avoid
#823 of 894 metros
Top 92% nationally for investing

Market Snapshot

$533,918
Median Home Price
110% above national median
$2,041/mo
Median Rent
47% above national median
4.59%
Rent-to-Price Ratio
Top 82% nationally
-$1,472
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$533,918
Down Payment (20%)$106,784
Loan Amount$427,134
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,041
Monthly P&I-$2,799
Est. Expenses (35%)-$714
Net Cash Flow-$1,472/mo
3.0%
Cap Rate (all cash)
-14.4%
Cash-on-Cash Return
4.59%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.0% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
42/100
42
Cash Flow(30%)
39/100

Based on 4.59% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
53/100

Based on 0.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
24/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.59%)
  • -Negative cash flow at typical financing (-$1,472/mo)
  • -Negative leverage (cap rate 3.0% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in Olympia, WA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Danville, KY
Danville, KY
62$212,690$1,2987.32%BuyView
Jacksonville, TX
Jacksonville, TX
62$232,877$1,7138.83%BuyView
Red Bluff, CA
Red Bluff, CA
62$323,027$1,6566.15%BuyView
Raymondville, TX
Raymondville, TX
62$181,537Est.BuyView
Nogales, AZ
Nogales, AZ
62$279,715$1,5616.70%BuyView
Current
Olympia, WA
42$533,918$2,0414.59%Avoid

Rent vs buy in this metro

Rent vs buy in Olympia, WAMedian $518,972 · rent $2,054/mo

The Bottom Line

AvoidOlympia, WA may be challenging for traditional rentals. High prices or low rents make cash flow difficult. Look for specific counties with better ratios.

The Olympia, WA metro area scores 42/100, ranking #823 of 894 US metros (top 92%). The 4.59% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,472/mo
Cap Rate
3.0%
Cash-on-Cash
-16.5%

Ready to Invest in Olympia, WA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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