How much is a home worth in ZIP code 98312?

The typical home in 98312 is worth $499,865, based on the Zillow Home Value Index.

Are home values rising in 98312?

Home values in 98312 are up 2.2% over the past year, and up 2.4% a year over five years.

What is the typical rent in 98312?

A typical home in 98312 rents for about $2,017 a month, a gross rental yield of 4.8%.

What is the property tax rate in 98312?

The effective property tax rate in 98312 is 0.7% — roughly $3,603 a year on a typical home.

ZIP code 98312 has a population of 36,307 and a median household income of $90,449.

HousingHandbookReference data

…

U.S. ZIP Code · WA98312

Kitsap County · Bremerton-Silverdale-Port Orchard, WA

Typical home value

$499,865^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +2.4%
10-year / yr: +7.5%

Relative price

vs U.S.: +76.0%
vs metro: -18.0%
vs state: ≈ state median

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98312 is worth $499,865 — 18.0% below the Bremerton-Silverdale-Port Orchard, WA median. Over the past year, values have risen 2.2%. Homes here rent for a typical $2,017 a month — a 4.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,017^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,603^[3]

#Climate risk

FEMA National Risk Index ratings for Kitsap County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively High
Winter weather: Relatively Low

#Who lives here

Population: 36,307^[3]
Median household income: $90,449^[3]

#Migration

Household moves in and out of Kitsap County over a year, from IRS tax-return data.

Net migration: +648^[5]
Moved in: 9,597
Moved out: 8,949

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 11
Elementary: 7
Middle: 0
High: 3

John D. Bud Hawk Elementary at Jackson Park
Elementary · Grades PK–5 · Central Kitsap School District
458 students
Green Mountain Elementary
Elementary · Grades PK–5 · Central Kitsap School District
356 students
West Hills S.T.E.M. Academy
Elementary · Grades PK–5 · Bremerton School District
329 students
Kitsap Lake Elementary
Elementary · Grades K–5 · Bremerton School District
320 students
Crownhill Elementary School
Elementary · Grades PK–5 · Bremerton School District
317 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$24,203

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,528

Loan principal$399,892

Down payment$99,973

Total interest paid$510,040

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.61

Monthly cost to own$3,244

Monthly rent$2,017

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 13th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 29th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98312?: The typical home in 98312 is worth $499,865, based on the Zillow Home Value Index.
Are home values rising in 98312?: Home values in 98312 are up 2.2% over the past year, and up 2.4% a year over five years.
What is the typical rent in 98312?: A typical home in 98312 rents for about $2,017 a month, a gross rental yield of 4.8%.
What is the property tax rate in 98312?: The effective property tax rate in 98312 is 0.7% — roughly $3,603 a year on a typical home.
Who lives in 98312?: ZIP code 98312 has a population of 36,307 and a median household income of $90,449.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

98366 vs 98312 →
Port Orchard, WA
Typical home
$507,321
Gross yield
4.6%
98311 vs 98312 →
Tracyton CDP, WA
Typical home
$513,638
Gross yield
4.8%
98392
Suquamish CDP, WA
Typical home
$485,686
Gross yield
—
98310
Bremerton, WA
Typical home
$465,300
Gross yield
4.6%
98345
Keyport CDP, WA
Typical home
$590,195
Gross yield
—
98337
Bremerton, WA
Typical home
$396,676
Gross yield
5.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 98312 against any other ZIP — full side-by-side table.

Compare 98312 →

#Jump to section

U.S. ZIP Code · WA98312

Get more data on ZIPs like this

Get more data on ZIPs like this