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ZIP Code · WA

ZIP 98512

Part of Olympia, WA
Pop. 31,864·Thurston County·116th most expensive ZIP in Washington
Median rent (all units)
$2,011/mo
Year-over-Year
+6.1%
Month-over-Month
+2.7%
vs US Median
+$46
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98512 · $2,011
More expensive than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,560
1 BR
$1,710
2 BR
$1,990
3 BR
$2,650
4 BR+
$3,340
Research median
$1,990/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,132/yr
At $2,011/mo median
Location
StateWA
CountyThurston County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.1% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98512 (Olympia, WA) is majority owner-occupied, has a median income above the national average, 36.7% of residents hold a bachelor's degree or higher.

Population
31,864
Median income
$101,530
Median age
40.6
Renters
27.6%
Age distribution
18.9%
23.2%
26.6%
13.2%
18.1%
Under 1818.9%
18–3423.2%
35–5426.6%
55–6413.2%
65+18.1%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
71.3%
White71.3%
Black3.4%
Hispanic11.3%
Asian4.9%
Other9%
Education (25+)
22.8%
35.9%
36.7%
No HS diploma4.6%
HS diploma22.8%
Some college35.9%
Bachelor's+36.7%
Housing tenure
72.4%
27.6%
Owner72.4%
Renter27.6%

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

2021 vs 2026

How ZIP 98512 in Olympia, WA has changed in 5 years

Income
$78,161 → $101,530
up 29.9%
Population
30,251 → 31,864
up 5.3%
Renter share
32.3% → 27.6%
-4.7 pts
Bachelor's+
35.3% → 36.7%
+1.4 pts
Median age
39.8 → 40.6
+0.8 yrs

Census figures show median household income at $101,530 today, compared with $78,161 five years earlier. Census counts show ZIP 98512 in Olympia, WA adding about 1,613 residents over the five-year window, up 5.3% on net. The renter share has eased from 32.3% to 27.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 98512

About renting in ZIP 98512

Last updated: July 20, 2026

ZIP code 98512 covers Olympia, WA. The median rent here is $2,011/mo as of July 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $1,990/mo.

At 24% of local median household income ($101,530/yr), ZIP 98512 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98512?

As of July 20, 2026, the median monthly rent in ZIP 98512 (Olympia, WA) is $2,011. This is based on aggregated data from public sources and community submissions.

How does ZIP 98512 rent compare to the US average?

ZIP 98512's median rent of $2,011/mo is $46 (2%) above the US national median of $1,965/mo.

How does ZIP 98512 compare to other ZIPs in Washington?

ZIP 98512 falls in the middle range for Washington, ranking #116 out of 209 ZIPs at $2,011/mo.

How much income do you need to rent in ZIP 98512?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,011/mo in ZIP 98512. The local median household income is $101,530/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98512?

Rent in ZIP 98512 has increased 6.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98512 an affordable place to rent?

ZIP 98512 is considered very affordable for renters. At $2,011/mo, rent takes approximately 24% of the local median household income ($101,530/yr). The standard benchmark is 30%. ZIP 98512 falls comfortably within that range.

What percentage of ZIP 98512 residents rent vs. own?

According to Census data, approximately 27.6% of ZIP 98512 households are renters, while 72.4% are owner-occupied. ZIP 98512 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98512 compare to the rest of Olympia?

ZIP 98512 is more affordable than Olympia overall. At $2,011/mo, it's $2 below the Olympia citywide median of $2,013/mo.

When was rent data for ZIP 98512 last updated?

Rent data for ZIP 98512 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,011/mo, rent takes ~24% of ZIP 98512's median household income ($101,530/yr). The standard benchmark is 30%.

ZIP 98512 24%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98512 (Olympia, WA)

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