Cities with the fastest growing home prices in Olympia metro area

Written by:
November 23, 2022
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Olympia metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Olympia-Lacey-Tumwater, WA metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 9 cities and towns with data available were included in the list.

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1 / 9
Stacker

#9. Nisqually Indian Community, Nisqually Indian Community

- 1-year price change: +$31,794 (+10.7%)
- 5-year price change: +$65,856 (data not available)
- Typical home value: $329,187 (#8 most expensive city in metro)
2 / 9
Stacker

#8. Bucoda, Bucoda

- 1-year price change: +$38,178 (+13.7%)
- 5-year price change: +$194,502 (+159.1%)
- Typical home value: $316,751 (#9 most expensive city in metro)
3 / 9
Stacker

#7. Tenino, Tenino

- 1-year price change: +$47,977 (+10.4%)
- 5-year price change: +$237,356 (+87.8%)
- Typical home value: $507,700 (#5 most expensive city in metro)
4 / 9
Stacker

#6. Yelm, Yelm

- 1-year price change: +$53,118 (+12.4%)
- 5-year price change: +$239,564 (+99.0%)
- Typical home value: $481,529 (#7 most expensive city in metro)
5 / 9
Stacker

#5. Tumwater, Tumwater

- 1-year price change: +$57,596 (+12.6%)
- 5-year price change: +$235,584 (+84.6%)
- Typical home value: $514,115 (#3 most expensive city in metro)

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6 / 9
Stacker

#4. Rochester, Rochester

- 1-year price change: +$58,409 (+12.8%)
- 5-year price change: +$244,276 (+90.7%)
- Typical home value: $513,636 (#4 most expensive city in metro)
7 / 9
Stacker

#3. Lacey, Lacey

- 1-year price change: +$58,668 (+13.1%)
- 5-year price change: +$238,960 (+89.4%)
- Typical home value: $506,342 (#6 most expensive city in metro)
8 / 9
Stacker

#2. Olympia, Olympia

- 1-year price change: +$63,758 (+13.2%)
- 5-year price change: +$249,925 (+84.6%)
- Typical home value: $545,337 (#1 most expensive city in metro)
9 / 9
Stacker

#1. Rainier, Rainier

- 1-year price change: +$63,935 (+13.9%)
- 5-year price change: +$256,547 (+96.2%)
- Typical home value: $523,183 (#2 most expensive city in metro)

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