98512 — Olympia, WA Home Values
Typical home value $560,977 as of June 2026 · 3rd of 12 in Olympia-Lacey-Tumwater, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98512, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98512 compares in the Olympia-Lacey-Tumwater, WA area
ZIP code 98512 (Olympia, WA) has a typical home value of $560,977 as of June 2026, ranking 3rd of 12 ZIP codes tracked in the Olympia-Lacey-Tumwater, WA area, more expensive than about 83% of ZIP codes in the metro. Prices here have moved +0.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +14.9%, from $488,378 in June 2021 to $560,977 in June 2026. Against observed rent, the typical home here sells for 23.3× the annual rent ($2,011/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Olympia-Lacey-Tumwater, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Olympia.
Population and demographics
ZIP code 98512 has a population of 31,291, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 73.5% White, 9.3% Hispanic or Latino, 8.1% two or more races, 4.3% Asian, 2.5% Black or African American, 1.3% another race, and 0.9% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Littlerock Elementary School | 12710 Littlerock Rd SW, Olympia, WA | 3.8 mi |
| Black Lake Elementary | 6345 Belmore-Black Lake Road, Olympia, WA | 4.6 mi |
| A G West Black Hills High School | 7741 Littlerock Road SW, Tumwater, WA | 5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98512?
$560,977 as of June 2026, the latest month Zillow has published observed data for.
Is 98512 an expensive ZIP code in the Olympia-Lacey-Tumwater, WA area?
98512 ranks 3rd of 12 ZIP codes in the Olympia-Lacey-Tumwater, WA area by typical home value, more expensive than about 83% of ZIP codes in the metro.
How much have home values in 98512 changed over the past year?
+0.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98512?
The typical home price is 23.3× the observed annual rent in this ZIP code ($2,011/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98512?
31,291, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98512?
Littlerock Elementary School (3.8 mi), Black Lake Elementary (4.6 mi), A G West Black Hills High School (5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98512?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Olympia-Lacey-Tumwater, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.