RentYield Atlas

ZIP 98506 — Olympia, WA: rental yield & market data

Gross rental yield of 4.39% — ranked #78 of 229 Washington ZIP codes. June 2026 data.

Gross rental yield
4.39%
Home value
$548,321
Market rent / mo
$2,006
Price-to-rent
22.8

Trend

Metric1-year change5-year change
Home value-1.3% +12.1%
Market rent+5.5%

Metro: Olympia-Lacey-Tumwater, WA · County: Thurston County · Annual rent: $24,072

Comparable ZIP codes in Washington

Similar home values, sorted by yield — the cheapest way to see if 98506 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
98375PuyallupWA$550,818$2,7786.05%16.5+0.2%
98121SeattleWA$555,593$2,6615.75%17.4-5.0%
98233BurlingtonWA$547,778$2,1104.62%21.6+1.3%
98104SeattleWA$541,742$2,0094.45%22.5-4.1%
98201EverettWA$554,360$1,9964.32%23.1-0.7%
98501OlympiaWA$555,014$1,8934.09%24.4+0.4%
98498LakewoodWA$550,991$1,7743.86%25.9-0.1%
98047PacificWA$553,660$1,6913.66%27.3-0.3%

Top rental yields in all of Washington →

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