Gross rental yield of 4.51% — ranked #69 of 229 Washington ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -0.3% | +13.1% |
| Market rent | +2.6% | +21.0% |
Metro: Olympia-Lacey-Tumwater, WA · County: Thurston County · Annual rent: $26,352
Similar home values, sorted by yield — the cheapest way to see if 98516 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 98101 | Seattle | WA | $581,553 | $2,602 | 5.37% | 18.6 | -2.9% |
| 98374 | Puyallup | WA | $587,599 | $2,487 | 5.08% | 19.7 | -0.3% |
| 98354 | Milton | WA | $576,356 | $2,128 | 4.43% | 22.6 | -0.6% |
| 98465 | Tacoma | WA | $587,922 | $2,039 | 4.16% | 24.0 | -0.0% |
| 98502 | Olympia | WA | $581,435 | $2,011 | 4.15% | 24.1 | -0.0% |
| 98168 | Burien | WA | $587,314 | $1,960 | 4.00% | 25.0 | -0.8% |
| 98188 | Seatac | WA | $592,063 | $1,924 | 3.90% | 25.6 | -0.3% |
| 99019 | Liberty Lake | WA | $576,370 | $1,772 | 3.69% | 27.1 | +0.8% |
Top rental yields in all of Washington →
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