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Lacey, WA · 98509

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $97K, +2.7% YoY (county); renters hold 32.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

118,899

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 125,163

125Kunits

Occupied118,89995.0%

Vacant6,2645.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 118,899

119Koccupied

Owner80,48767.7%

Renter38,41232.3%

Renter Share

32.3%+0.2% YoY

Total Housing Units

125,163+1.5% YoY

FY2026 Fair Market Rent

CountyThurston County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,538

/month

1 BR

$1,682

/month

2 BR

$1,960

/month

3 BR

$2,613

/month

4 BR

$3,288

/month

FMR trends · Thurston County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.8% to 299,067: residents under 18 are down 0.3% and those 65 and over are up 3.2%.

Median Age

40.02024

Population

Thurston County Population

302,912+1.1% YoY

Households

Total Households

118,899+1.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.48-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 299,067

299Kresidents

Under 1862,38020.9%

Adults 18–64180,61560.4%

65 & Over56,07218.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

62,380-0.3% YoY

Population 65 & Over

56,072+3.2% YoY

Median Age

40.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.4%

Moved (within US)14.0%

Other0.6%

Veterans

12.6%-2.3% YoY

County Economy

County median household income is $97K, 9.5% of residents are below the poverty level, 20.5% work from home.

Income

Median Household Income

$97K+2.7% YoY

Per-Capita Income

$46K+3.3% YoY

Mean Household Income

$114K+2.5% YoY

Poverty

Below Poverty Level

9.5%-2.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.9%

Public transit1.0%

Worked from home20.5%

Other11.6%

Worked From Home

20.5%+18.5% YoY

Mean Commute

25.80-1.9% YoY

Done with 98509? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Lacey, WA · 98509

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $97K, +2.7% YoY (county); renters hold 32.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

118,899

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 125,163

125Kunits

Occupied118,89995.0%

Vacant6,2645.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 118,899

119Koccupied

Owner80,48767.7%

Renter38,41232.3%

Renter Share

32.3%+0.2% YoY

Total Housing Units

125,163+1.5% YoY

FY2026 Fair Market Rent

CountyThurston County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,538

/month

1 BR

$1,682

/month

2 BR

$1,960

/month

3 BR

$2,613

/month

4 BR

$3,288

/month

FMR trends · Thurston County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.8% to 299,067: residents under 18 are down 0.3% and those 65 and over are up 3.2%.

Median Age

40.02024

Population

Thurston County Population

302,912+1.1% YoY

Households

Total Households

118,899+1.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.48-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 299,067

299Kresidents

Under 1862,38020.9%

Adults 18–64180,61560.4%

65 & Over56,07218.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

62,380-0.3% YoY

Population 65 & Over

56,072+3.2% YoY

Median Age

40.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.4%

Moved (within US)14.0%

Other0.6%

Veterans

12.6%-2.3% YoY

County Economy

County median household income is $97K, 9.5% of residents are below the poverty level, 20.5% work from home.

Income

Median Household Income

$97K+2.7% YoY

Per-Capita Income

$46K+3.3% YoY

Mean Household Income

$114K+2.5% YoY

Poverty

Below Poverty Level

9.5%-2.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.9%

Public transit1.0%

Worked from home20.5%

Other11.6%

Worked From Home

20.5%+18.5% YoY

Mean Commute

25.80-1.9% YoY

Done with 98509? Put it next to another market.