Welcome to our 98391 real estate data hub, tailored for investors in Bonney Lake, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98391 in Bonney Lake, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PIERCE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Bonney Lake, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Bonney Lake property market.
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Location Overview
- Zip Code: 98391
- City: Bonney Lake
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: PIERCE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $627,442
- Average Home Price (Single Family Homes): $629,399
- Average Monthly Rental Price (All Types): $2,339
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: -0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,020
- Average 3 Bedroom Section 8 Rental Rates: $2,870
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.88
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.22
- Number of Units Offered in Section 8 in the County: 1712
- Number of Occupied Units in Section 8 in the County: 1652
- Percentage of Section 8 Units Occupied in the County: 96.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 399.72
- Total % Appreciation since 2000 (Government Data): 226.12
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.7%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.14%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.89%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.8%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 138.21%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.55%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 144.31%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -4%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.18%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 24.83%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 43.01%