Puyallup, Washington Housing Market Prices
Puyallup Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 74% above the Washington median$843,139
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Median rent About the same as the Washington median$1,763
Housing Market Overview
| Metric | Puyallup | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $843,139 | $485,016 | $248,835 |
| Price Trend (Annual %) | 20.6% | 10.9% | 7.5% |
| Median Gross Rent | $1,763 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Puyallup is about 74% higher than in Washington. Rent follows a similar pattern, running close to the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Puyallup, up about 20.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Puyallup rose about 70.8% between 2015 and 2024, from $1,032 to $1,763. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 8.7 yearly household incomes in Puyallup.
Buying the median-priced home in Puyallup costs roughly 39.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Puyallup. The price-to-rent ratio in Washington is about 23.0.
| Metric | Puyallup | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $843,139 | $485,016 | $248,835 |
| Median Household Income | $96,574 | $98,224 | $80,455 |
| Price-to-Income Ratio | 8.7 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Puyallup rose about 322.6%, while median household income rose about 60.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Puyallup | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 59.1% | 58.5% |
| Rental Rate | 43.2% | 33.6% | 31.2% |
| Vacancy Rate | 4.3% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Puyallup has a homeownership rate of 52.6%, lower than the Washington average of 59.1%. Its housing vacancy rate is 4.3%, compared with 7.3% in Washington.
Housing Stock
| Metric | Puyallup | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Puyallup was built around 1986. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Puyallup, Washington.
What is the median home price in Puyallup, Washington?
The median home price in Puyallup, Washington is $843,139, higher than the Washington average of $485,016.
What is the average home price in Puyallup, Washington?
The typical home price in Puyallup, Washington, reported as the median sale price, is $843,139. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Puyallup, Washington?
The median gross rent in Puyallup, Washington is $1,763 per month, about the same as the Washington average.
What was the median gross rent in Puyallup in 2020?
In 2020, the median gross rent in Puyallup, Washington was $1,328 per month.
What is the price-to-rent ratio in Puyallup, Washington?
The price-to-rent ratio in Puyallup, Washington is about 39.9, meaning it would take roughly 39.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Puyallup.
Are home prices or rent rising faster in Puyallup, Washington?
Both home prices and rent are rising in Puyallup, up about 20.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Puyallup, Washington?
52.6% of households in Puyallup, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Puyallup, Washington?
The housing vacancy rate in Puyallup, Washington is 4.3%, lower than the Washington average of 7.3%.
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