The story of this market
The typical home in ZIP 98314 sells for about $179,464, or $285 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 98314 — Bremerton
The housing market in ZIP 98314 is characterized by very low inventory and a high concentration of rental properties. Market activity remains stable with modest year-over-year price growth, driven by the area's reliance on the regional defense economy.
This ZIP is suitable for renters and those seeking proximity to Bremerton's employment hubs, though the small housing stock limits options for traditional family buyers.
Median prices moved up 2.1% year over year.
Homes spend a median of 32 days on market with 5.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 98314, Kitsap County, WA
Property taxes in Kitsap County are assessed by the county assessor based on local millage rates, which include state, county, city, and school district levies.
Residents typically commute toward the Bremerton employment core or utilize ferry services for access to the Seattle metropolitan area.
The area offers proximity to Puget Sound waterfront access, local parks, and regional trail systems within Kitsap County.
The rental market is characterized by a high share of renter-occupied units, with limited inventory and steady demand.
The local economy is heavily influenced by the naval and defense sectors centered in Bremerton and Kitsap County.
Served by local bus routes and proximity to the Bremerton ferry terminal for regional transit.
Parcels are subject to Kitsap County property tax levies and local school district assessments.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides extensive recreational access and scenic views.
Includes various local green spaces and community parks.
Key-figure check: median price diverges 150.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $450,000 (+150.7% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.