The story of this market
The typical home in ZIP 98383 sells for about $606,000, or $296 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $2,135 a month.
ZIP 98383 — Silverdale
The Silverdale housing market is currently experiencing stable conditions with moderate price growth and consistent demand. While high interest rates and affordability constraints persist, the area's strong economic ties to the defense sector provide a buffer against broader market volatility.
This ZIP is well-suited for military families, regional commuters, and professionals seeking a balance between suburban living and access to major employment hubs. It is less ideal for investors seeking high-yield, low-maintenance assets due to the high price-to-rent ratio.
Median prices moved up 2.1% year over year.
Homes spend a median of 34 days on market with 3.2 months of supply — a fast-moving market.
18% 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 5.4% · poverty 5.9% — 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 8.7%/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 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98383, Kitsap County, WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Silverdale are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered safer than many larger urban centers in the Puget Sound region.
Schools in the 98383 ZIP code are primarily served by the Central Kitsap School District, which maintains a generally positive reputation for academic performance and student support services.
The area faces moderate risks related to seismic activity common to the Pacific Northwest and localized flooding in low-lying coastal areas. Insurance premiums are influenced by these regional environmental factors.
Silverdale serves as a major retail and commercial hub for Kitsap County, supported by proximity to Naval Base Kitsap. Development momentum is focused on mixed-use expansion and infrastructure improvements to support the growing population.
Property taxes are assessed by Kitsap County based on the fair market value of the property, with rates determined by local levies, school district requirements, and state mandates. There are no state-level personal income taxes in Washington.
Commuters primarily rely on personal vehicles for travel, with many residents commuting to nearby Naval Base Kitsap or utilizing the ferry systems in Bremerton or Bainbridge Island for access to Seattle.
The area offers significant access to outdoor recreation, including Dyes Inlet for water activities, numerous community parks, and proximity to the Olympic Peninsula. Shopping is concentrated in the Silverdale retail corridor.
The rental market is characterized by high demand driven by military personnel and regional workers, with a significant renter share of approximately 44%. Vacancy rates remain low, though rent growth has stabilized recently.
The economy is heavily anchored by the U.S. Navy and associated defense contractors, alongside a robust retail and healthcare sector. The area serves as the primary commercial center for Kitsap County.
Transportation is primarily highway-based, with SR-3 and SR-303 serving as main arteries. Public transit is provided by Kitsap Transit, including bus and ferry connections.
Development is focused on increasing housing density near the commercial core and improving pedestrian infrastructure along the waterfront.
The Kitsap County Assessor maintains property valuations based on annual market analysis and physical inspections to ensure equitable taxation.
Parcels are subject to various special districts, including fire protection, library, and emergency medical service districts.
Property insurance costs are influenced by regional wildfire and seismic risk profiles, with premiums generally trending upward in line with state averages.
Data retrieved from data.census.gov 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.
Popular park offering beach access and views of Dyes Inlet.
Major regional shopping destination serving the Kitsap Peninsula.
Extensive trail system for walking and cycling through natural areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.