ZIP Code 98512 — Olympia, WA Home Prices (2026)

The typical home in ZIP 98512 (Olympia, Washington) is worth about $559,000 at roughly $297 per square foot — 1% more expensive than the Olympia median and 90% more expensive than the typical U.S. home.

$559,000

Typical home value

$297

Price per sq ft

#2 of 5

Olympia ZIPs by value

+1%

vs Olympia median

How 98512 compares

ZIP 98512 is one of the pricier ZIP codes in Olympia: its typical home value of $559,000 ranks #2 of the 5 Olympia ZIP codes we track (the citywide range runs from $510,000 in 98513 to $580,000 in 98502). Per square foot it costs about $297, against $304 for Olympia as a whole, $317 for Washington, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 98512	$559,000	$297
Olympia, WA	$553,000	$304
Washington	$519,500	$317
United States	$294,000	$195

Home value by size in 98512

Using this ZIP’s rate of about $297 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$297,000
1,500 sq ft	$445,500
2,000 sq ft	$594,000
2,500 sq ft	$742,500
3,000 sq ft	$891,000

Salary needed to buy a home in ZIP 98512

To buy the typical $559,000 home in ZIP 98512 with 20% down, you need a household income of roughly $152,000 a year (about $3,550 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $181,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$28,000	$4,410/mo	$189,000/yr
10% (+PMI)	$55,900	$4,220/mo	$181,000/yr
20%	$111,800	$3,550/mo	$152,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 98512

At about $297 per square foot, here is roughly how much home different budgets get you in ZIP 98512:

Budget	Approx. size	What that looks like locally
$300k	1010 sq ft	below the local median — condos, smaller or older homes
$400k	1350 sq ft	below the local median — condos, smaller or older homes
$500k	1680 sq ft	around the typical home here
$600k	2020 sq ft	around the typical home here
$750k	2530 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 98512 home.

Estimate a specific home in 98512

The estimator below is pre-set to ZIP 98512 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Olympia ZIP codes by home value

Where 98512 sits among Olympia’s 5 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	98502	$580,000	$308
2	98512 (this page)	$559,000	$297
3	98501	$553,000	$293
4	98506	$546,000	$320
5	98513	$510,000	$304

ZIP 98512 home prices: frequently asked

What is the average home price in ZIP code 98512? +

The typical home in ZIP 98512 (Olympia, WA) is worth about $559,000 as of 2026. That is 1% more expensive than the Olympia median of $553,000 and 90% more expensive than the U.S. median of $294,000.

What is the price per square foot in 98512? +

About $297 per square foot in 98512, versus $304 across Olympia and $317 across Washington. At that rate a 1,500 sq ft home runs roughly $445,500 and a 2,500 sq ft home about $742,500.

What salary do you need to buy a house in ZIP 98512? +

For the typical $559,000 home in ZIP 98512, a household income of about $152,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $181,000; with 5% down about $189,000.

Is 98512 an expensive ZIP code? +

Within Olympia, 98512 ranks #2 of 5 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Olympia. Nationally it is relatively expensive.

See the full Olympia home values page, all Washington cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.