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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Belfair, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Belfair, WA Housing Market Trends

With 4,279 people, 1,771 houses or apartments, and a median cost of homes of $419,313, Belfair real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Belfair, accounting for 68.77% of the town's housing units. Other types of housing that are prevalent in Belfair include mobile homes or trailers ( 24.14%), duplexes, homes converted to apartments or other small apartment buildings ( 5.57%), and a few large apartment complexes or high rise apartments ( 1.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belfair. Owner-occupied housing accounts for 70.25% of Belfair's homes, and 53.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Belfair built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Belfair built between 2000 and later ( 23.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.98%).

Belfair Home Appreciation Rates

In the last 10 years, Belfair has experienced some of the highest home appreciation rates of any community in the nation. Belfair real estate appreciated 134.48% over the last ten years, which is an average annual home appreciation rate of 8.90%, putting Belfair in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belfair definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Belfair appreciation rates have trailed the rest of the nation. In the last twelve months, Belfair's appreciation rate has been 1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belfair were at 0.16%, which equates to an annual appreciation rate of 0.63%.

Notably, Belfair's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Belfair's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$419,313

Belfair, WA Home Prices
> $1,345,000
$1,009,001 - $1,345,000
$673,001 - $1,009,000
$538,001 - $673,000
$403,001 - $538,000
$269,001 - $403,000
$134,001 - $269,000
$67,001 - $134,000
$0 - $67,000
2.5%
2.5%
2.7%
2.7%
16.2%
16.2%
15.4%
15.4%
22.6%
22.6%
21.2%
21.2%
12.4%
12.4%
2.3%
2.3%
4.7%
4.7%
0% 100.0%
% of Homes
Low

for Washington

High

for nation

Number of Homes And Apartments:

1,771

Belfair Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,214 / per month

Homeownership Rate

Owners
Renters
70.2%
70.2%
29.8%
29.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.3%
0.3%
99.7%
99.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.1%
23.1%
60.5%
60.5%
16.0%
16.0%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.8%
68.8%
0.0%
0.0%
5.6%
5.6%
1.5%
1.5%
24.1%
24.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
13.6%
13.6%
30.2%
30.2%
51.2%
51.2%
2.3%
2.3%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Belfair

Zip Codes in Belfair, WA