The story of this market
The typical home in ZIP 98370 sells for about $677,325, or $325 per square foot.
Prices are roughly flat from a year ago (+0.8%), a market in balance. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,607 a month.
ZIP 98370 — Poulsbo
The 98370 housing market is currently experiencing a period of cooling, with median home values showing modest growth while sales volume and days on market reflect a more competitive but cautious environment. High rental demand persists, though buyers are navigating a landscape of fluctuating prices and moderate inventory levels. Several metrics, including specific sale-to-list ratios and tax rates, were not determinable at the ZIP level from current public sources.
This ZIP is well-suited for families and professionals seeking a coastal suburban lifestyle with access to regional employment hubs in Kitsap County.
Median prices moved up 0.8% year over year.
Homes spend a median of 66 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 98370, Kitsap County WA
The area is served by the North Kitsap School District, which generally maintains a stable reputation within the region.
The region faces standard Pacific Northwest climate risks, including potential for winter storms and localized flooding in low-lying coastal areas.
Economic momentum is driven by proximity to regional naval installations and the broader Bremerton-Silverdale employment corridor.
Property taxes are assessed by Kitsap County based on local millage rates; there are no state-level income taxes, but local special districts for schools and utilities apply.
Commuters typically rely on highway corridors toward Silverdale or ferry access to the Seattle metropolitan area.
The area features extensive access to Liberty Bay, local parks, and trails, with shopping and dining concentrated in the historic downtown Poulsbo area.
The rental market shows high demand with a median rent of $2,607, though vacancy and investor activity are influenced by the area's suburban-coastal character.
The economy is anchored by the defense sector, specifically the nearby Naval Base Kitsap, alongside healthcare and retail services.
Transportation is primarily automobile-dependent, with ferry service providing a critical link to the Seattle employment core.
Development is focused on moderate residential expansion and infrastructure improvements to support the growing population in the Kitsap Peninsula.
Kitsap County Assessor manages property valuations based on annual market analysis and physical inspections.
Parcels are subject to North Kitsap School District levies and various local utility district assessments.
Property insurance premiums are influenced by regional wildfire and coastal flood risk profiles common to Western Washington.
Data sourced from US Census Bureau and ACS 5-year estimates.
Central feature of the Poulsbo area providing recreational boating and scenic views.
Known for its Scandinavian heritage, boutique shops, and waterfront dining.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).