98597 — Yelm, WA Home Values
Typical home value $483,027 as of August 2026 · 10th of 12 in Olympia-Lacey-Tumwater, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98597, August 2021 to August 2026. This page shows observed data only; no forecast.
How 98597 compares in the Olympia-Lacey-Tumwater, WA area
ZIP code 98597 (Yelm, WA) has a typical home value of $483,027 as of August 2026, ranking 10th of 12 ZIP codes tracked in the Olympia-Lacey-Tumwater, WA area, more expensive than about 25% of ZIP codes in the metro. Prices here have moved +0.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +10.2%, from $438,264 in August 2021 to $483,027 in August 2026. Against observed rent, the typical home here sells for 17.5× the annual rent ($2,301/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 98597 has a population of 26,431, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 78.1% White, 8.6% Hispanic or Latino, 5.9% two or more races, 2.5% Black or African American, 2.3% Native Hawaiian or Pacific Islander, 1.7% Asian, 0.7% American Indian or Alaska Native, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Lackamas Elementary | 16240 Bald Hill Rd, Yelm, WA | 0.5 mi |
| McKenna Elementary | 35120 SR 507 SE, McKenna, WA | 7.1 mi |
| Yelm Prairie Elementary | 16535 110th Ave. SE, Yelm, WA | 7.2 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 98597?
$483,027 as of August 2026, the latest month Zillow has published observed data for.
Is 98597 an expensive ZIP code in the Olympia-Lacey-Tumwater, WA area?
98597 ranks 10th of 12 ZIP codes in the Olympia-Lacey-Tumwater, WA area by typical home value, more expensive than about 25% of ZIP codes in the metro.
How much have home values in 98597 changed over the past year?
+0.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98597?
The typical home price is 17.5× the observed annual rent in this ZIP code ($2,301/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98597?
26,431, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98597?
Lackamas Elementary (0.5 mi), McKenna Elementary (7.1 mi), Yelm Prairie Elementary (7.2 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 98597?
No. Every number on this page is observed Zillow data as of August 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.