City Report · WA

Poulsbo

Pop. 12,165·27th most expensive in Washington·Rental market data updated monthly for Poulsbo, WA
Median rent (all units)
$2,420/mo
Year-over-Year
+3.8%
Month-over-Month
+1.3%
vs US Median
+$488
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Poulsbo · $2,420
More expensive than 77% of US cities · National median $1,932/mo
Rent Reality Score
50/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Poulsbo's 10-year trend predicts.

Actual rent
$2,420/mo
Expected by trend
$2,420/mo
The Rent Reality Score compares today's median rent to where Poulsbo's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,700
2 BR
$2,230
3 BR
$2,910
4 BR+
$3,350
Fair Market Rent (HUD)
$2,230/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,420 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Poulsbo is at its highest level since Zillow's records here began in November 2021.

Past year vs. the rest of Washington

Rent in Poulsbo changed +3.8% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($116,250) is $2,906 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,230); a 3-bedroom is $2,910.

Cheaper nearby

Silverdale, 8 miles away, rents for 14% less ($2,093/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for Poulsbo. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$29,040/yr
At $2,420/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.8% YoY, +1.3% MoM), not inventory.
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Demographics

Who lives here

Poulsbo, WA is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.2% of residents hold a bachelor's degree or higher.

Population
12,165
Median income
$116,250
Median age
43.3
Renters
41%
Age distribution
18.3%
21.9%
27.1%
21.6%
Under 1818.3%
18–3421.9%
35–5427.1%
55–6411.2%
65+21.6%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
77.9%
White77.9%
Black2.3%
Hispanic10.9%
Asian2.4%
Other6.6%
Education (25+)
20.8%
26.7%
49.2%
No HS diploma3.2%
HS diploma20.8%
Some college26.7%
Bachelor's+49.2%
Housing tenure
59%
41%
Owner59%
Renter41%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Poulsbo, WA has changed in 5 years

Rent
$2,063 → $2,420
up 17.3%
Income
$79,248 → $116,250
up 46.7%
Population
11,652 → 12,165
up 4.4%
Renter share
42.2% → 41%
-1.2 pts
Bachelor's+
43.1% → 49.2%
+6.1 pts
Median age
43.8 → 43.3
-0.5 yrs

Since 2022, the typical rent in Poulsbo, WA has climbed from $2,063 to $2,420, a 17.3% change over five years. Median household income rose from $79,248 to $116,250 between 2021 and 2024, a 46.7% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 4.4% since 2021, moving from about 11,652 residents to roughly 12,165. College-educated residents now make up 49.2% of adults here, versus 43.1% in 2021. Taken together, the five-year picture in Poulsbo, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Poulsbo rent history (2015–2026) →
Salary vs rent

Can you afford rent in Poulsbo on your salary?

At $2,420/mo, how Poulsbo rent compares to typical pay (30% rule).

By apartment size

Poulsbo rent by bedroom count

Median rent for each apartment size in Poulsbo. Click any size for full breakdown.

Local insights

Tips for renters in Poulsbo

About renting in Poulsbo, WA

Last updated: October 17, 2026

The median rent in Poulsbo is $2,420/mo as of October 2026. A studio apartment averages $1,530/mo while a 2-bedroom runs $2,230/mo. One-bedroom apartments average $1,700/mo and 3-bedroom units go for $2,910/mo.

At 25% of local median household income ($116,250/yr), Poulsbo ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Poulsbo?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,420/mo in Poulsbo. The local median household income is $116,250/yr, so the typical household meets that bar.

Is rent going up or down in Poulsbo?

Rent in Poulsbo has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2021.

How does Poulsbo rent compare to other cities in Washington?

Poulsbo is one of the pricier among Washington cities for rent, ranking #27 of 109 tracked cities at $2,420/mo. Over the year to September 2026, rent in Poulsbo changed +3.8%, against a typical +2.6% across the 97 Washington cities Zillow tracks.

Which nearby cities are cheaper to rent in than Poulsbo?

Nearby cities with lower median rent than Poulsbo ($2,420/mo) include Bremerton ($1,879/mo), Port Orchard ($2,006/mo), and Silverdale ($2,093/mo).
Income Affordability
25%
AFFORDABLE

At $2,420/mo, rent takes ~25% of Poulsbo's median household income ($116,250/yr). The standard benchmark is 30%.

Poulsbo 25%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Poulsbo, WA

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