99205
$320,000median sale price
The 99205 zip code, located in Gig Harbor, WA, is currently classified as a balanced market. The median sale price stands at $320,000. Homes in this area spend an average of 38 days on the market before going under contract. There are currently 98 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 99205 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
141
Last 12 weeks
Days on market
38
Average pace
Active listings
98
Sale-to-list
99.5%
Below asking
Market trends
Market analysis for 99205
The 99205 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 99205 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 99205 stands at $314,318, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,370 per month. This gives a price-to-rent ratio of approximately 19.1, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
44,216
Median income
$69,055/yr
Median age
36.8 years
Owner-occupied
6990.0%
College grads
2580.0%
Avg commute
23.4 min
Living in 99205
Zip code 99205 is home to approximately 44,216 residents. The median household income is $69,055 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6990.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 2580.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.4 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 99205.
Frequently asked questions about 99205
What is the median home price in 99205?
The current median sale price in 99205 is $320,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 99205 a buyer's or seller's market?
The 99205 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 99205?
Zip code 99205 has a population of approximately 44,216 residents. The median household income is $69,055 per year. About 6990.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 99205?
Properties Incorporated provides comprehensive data for 99205 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 99205 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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