HousingHandbookReference data

U.S. ZIP Code · WA98337

Kitsap County · Bremerton-Silverdale-Port Orchard, WA

Typical home value

$396,676[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.2%
5-year / yr
+1.8%
10-year / yr
+8.4%

Relative price

vs U.S.
+39.6%
vs metro
-35.0%
vs state
-21.2%
ZIP 98337 location in WA
Location of ZIP 98337 in WA

Price history

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

The typical home in 98337 is worth $396,676 — 35.0% below the Bremerton-Silverdale-Port Orchard, WA median. Over the past year, values have risen 0.2%. Homes here rent for a typical $1,798 a month — a 5.4% 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
$1,798[2]
Gross yield
5.4%[2]
Cap rate
3.3%[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$2,829[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
7,370[3]
Median household income
$68,561[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
2
Elementary
0
Middle
0
High
2
  • Bremerton High School

    High · Grades 9–12 · Bremerton School District

    1,279 students

  • Morgan Center School

    High · Grades 10–12 · Bremerton School District

    0 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.

Gross yield5.4%
Net yield (after ~40% expenses)3.3%
Annual rent$21,573

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.

Monthly payment$2,006
Loan principal$317,341
Down payment$79,335
Total interest paid$404,751

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.

Own : rent ratio1.43
Monthly cost to own$2,571
Monthly rent$1,798

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
0th percentile[1]
Rental yield
100th percentile[2]
Property tax
21st percentile[3]

Frequently asked

How much is a home worth in ZIP code 98337?
The typical home in 98337 is worth $396,676, based on the Zillow Home Value Index.
Are home values rising in 98337?
Home values in 98337 are up 0.2% over the past year, and up 1.8% a year over five years.
What is the typical rent in 98337?
A typical home in 98337 rents for about $1,798 a month, a gross rental yield of 5.4%.
What is the property tax rate in 98337?
The effective property tax rate in 98337 is 0.7% — roughly $2,829 a year on a typical home.
Who lives in 98337?
ZIP code 98337 has a population of 7,370 and a median household income of $68,561.

#Comparable ZIPs

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

  • Bremerton, WA

    Typical home
    $465,300
    Gross yield
    4.6%
  • Suquamish CDP, WA

    Typical home
    $485,686
    Gross yield
  • Bremerton, WA

    Typical home
    $499,865
    Gross yield
    4.8%
  • Port Orchard, WA

    Typical home
    $507,321
    Gross yield
    4.6%
  • Tracyton CDP, WA

    Typical home
    $513,638
    Gross yield
    4.8%
  • Keyport CDP, WA

    Typical home
    $590,195
    Gross yield

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