The story of this market
The typical home in ZIP 98392 sells for about $625,000, or $385 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,411 a month.
ZIP 98392 — Suquamish
The Suquamish housing market remains stable with low inventory and steady demand from commuters and local residents. Prices have seen modest year-over-year growth, supported by the area's limited supply and high quality of life. Market activity is currently balanced, though affordability remains a concern for some buyers due to rising interest rates and home values.
This ZIP is ideal for families and commuters seeking a quieter, waterfront lifestyle within reach of major employment hubs. It appeals to those who value outdoor recreation and a small-town atmosphere over urban density.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.4 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 6.4% · poverty 12.0% — 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 7.9%/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 7.6%/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 98392, 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.
Suquamish generally experiences low levels of property and violent crime, consistent with rural-suburban Kitsap County trends. It is considered a safe, quiet community compared to larger urban centers in the Puget Sound region.
Schools serving the area are part of the North Kitsap School District, which generally maintains average to above-average performance ratings. Local schools are well-regarded for their community integration and smaller class sizes.
The area faces moderate risks related to coastal flooding and seismic activity common to the Puget Sound. Insurance premiums are influenced by these environmental factors and proximity to forested areas.
Economic momentum is driven by proximity to the Naval Base Kitsap and the ferry commute to Seattle. Development is largely residential with limited commercial expansion, preserving the area's semi-rural character.
Property taxes are levied by Kitsap County based on assessed value, with additional local levies for school districts and fire services. Washington State does not impose a personal income tax, which impacts the overall tax burden for residents.
Residents primarily commute via the Suquamish-Bainbridge ferry route or drive to nearby Poulsbo and Silverdale for employment. Transit options are limited, making personal vehicles essential for most daily travel.
The area features extensive access to Puget Sound waterfronts, including Old Man House Park and various public beaches. Nearby golf courses and hiking trails provide significant outdoor amenities within a short drive.
The rental market is tight with limited inventory, often driven by demand from military personnel and commuters. Short-term rentals are present due to the area's scenic appeal, which exerts upward pressure on long-term rents.
The economy is anchored by the Suquamish Tribe and proximity to the Puget Sound Naval Shipyard. The mix includes government, military, and service-sector employment.
Transportation relies heavily on the Kitsap Transit bus system and the Bainbridge Island ferry terminal. Highway 305 serves as the primary arterial corridor for the region.
Development is focused on small-scale residential infill and tribal-led community projects. There are no major high-density commercial developments currently planned.
Parcels are subject to North Kitsap School District levies and various local fire and utility district assessments.
Property insurance costs are rising due to regional wildfire risks and coastal flood exposure. Market health remains stable but premiums are increasingly sensitive to hazard mapping.
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.
Historic waterfront park with beach access and cultural significance.
Dedicated to the history and culture of the Suquamish Tribe.
Scenic waterway popular for boating and fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.