HousingHandbookReference data

U.S. ZIP Code · WA98576

Thurston County · Olympia-Lacey-Tumwater, WA

Typical home value

$521,529[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.7%
5-year / yr
+5.1%
10-year / yr
+8.8%

Relative price

vs U.S.
+83.6%
vs metro
≈ metro median
vs state
+3.6%
ZIP 98576 location in WA
Location of ZIP 98576 in WA

Price history

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

The typical home in 98576 is worth $521,529. Over the past year, values have risen 1.7%. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$4,015[3]

#Climate risk

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

Overall risk
Relatively High[4]
Riverine flood
Relatively Moderate
Coastal flood
Relatively Low
Wildfire
Very Low
Drought
Very Low
Heat wave
Relatively Moderate
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively High
Winter weather
Relatively Low

#Who lives here

Population
4,985[3]
Median household income
$104,896[3]

#Migration

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

Net migration
+1,142[5]
Moved in
11,109
Moved out
9,967

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Rainier Elementary School

    Elementary · Grades PK–5 · Rainier School District

    472 students

  • Rainier Senior High School

    High · Grades 9–12 · Rainier School District

    267 students

  • Rainier Middle School

    Middle · Grades 6–8 · Rainier School District

    240 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 yield
Net yield (after ~40% expenses)
Annual rent

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$2,637
Loan principal$417,223
Down payment$104,306
Total interest paid$532,145

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 ratio
Monthly cost to own$3,406
Monthly rent

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
100th percentile[1]
Rental yield
[2]
Property tax
36th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98576?
The typical home in 98576 is worth $521,529, based on the Zillow Home Value Index.
Are home values rising in 98576?
Home values in 98576 are up 1.7% over the past year, and up 5.1% a year over five years.
What is the property tax rate in 98576?
The effective property tax rate in 98576 is 0.8% — roughly $4,015 a year on a typical home.
Who lives in 98576?
ZIP code 98576 has a population of 4,985 and a median household income of $104,896.

#Comparable ZIPs

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

  • Rochester CDP, WA

    Typical home
    $521,564
    Gross yield
  • Tenino, WA

    Typical home
    $517,907
    Gross yield
  • Nisqually Indian Community CDP, WA

    Typical home
    $510,523
    Gross yield
    5.5%
  • Olympia, WA

    Typical home
    $547,044
    Gross yield
    3.9%
  • Lacey, WA

    Typical home
    $491,823
    Gross yield
    4.8%
  • Yelm, WA

    Typical home
    $490,090
    Gross yield
    5.8%

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