Metro area index
Home appreciation in the Olympia-Lacey-Tumwater, WA metro area
FHFA HPI® data shows the Olympia-Lacey-Tumwater, WA metro area's all-transactions index changed +3.0% over the year to Q2 2026, versus +1.1% for Washington and +3.0% for the U.S. That ranks 229th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.0%
- 5-year change
- +31.8%
- Since Q1 1995
- +323%
- Metro rank (1 year)
- 229th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Olympia-Lacey-Tumwater, WA vs Washington and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Olympia-Lacey-Tumwater, WA: 423.5
- Washington: 486.5
- United States: 391.6
Appreciation by time window
| Window | Metro | WA | U.S. | Gap vs WA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +1.1% | +3.0% | +1.9 pts | −0.1 pts |
| 3 years | +9.8% | +8.2% | +12.9% | +1.6 pts | −3.0 pts |
| 5 years | +31.8% | +29.7% | +41.3% | +2.0 pts | −9.5 pts |
| 10 years | +117% | +105% | +93.3% | +12.4 pts | +24.0 pts |
| Since Q1 1995 | +323% | +387% | +292% | −63.0 pts | +31.9 pts |
3-digit ZIP regions in the Olympia-Lacey-Tumwater, WA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 985 · Olympia, WA area | WA | +2.3% | +32.9% | +323% | 53% |
Boom, bust, and recovery in Olympia-Lacey-Tumwater, WA area
Olympia-Lacey-Tumwater, WA area's index peaked in Q1 2008, fell 24.6% to its low in Q3 2012, and regained its peak in Q3 2017, about 9.5 years after the top. Today it sits +93.0% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q3 2012 | -24.6% | Q3 2017 (9.5 yrs) | +93.0% |
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Olympia-Lacey-Tumwater, WA area's index has changed +91.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | WA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.9% | -2.7% | -0.8% |
| 3 years | +9.8% | +0.0% | -1.4% | +2.8% |
| 5 years | +24.0% | +6.2% | +4.6% | +13.9% |
| 10 years | +39.1% | +56.2% | +47.3% | +39.0% |
| Since Q1 1995 | +121% | +91.3% | +120% | +76.8% |
If you bought in the Olympia-Lacey-Tumwater, WA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +321% | $1,262,361 |
| Q2 2000 | +268% | $1,103,675 |
| Q2 2005 | +144% | $732,622 |
| Q2 2010 | +120% | $661,033 |
| Q2 2015 | +132% | $697,469 |
| Q2 2020 | +56.5% | $469,525 |
| Q2 2021 | +31.8% | $395,271 |
| Q2 2023 | +9.8% | $329,531 |
| Q2 2025 | +3.0% | $308,914 |
Frequently asked questions
- How much have home prices risen in the Olympia-Lacey-Tumwater, WA area?
- FHFA HPI® data for the Olympia-Lacey-Tumwater, WA metro area shows changes of +3.0% over one year, +31.8% over five years, and +117% over ten years to Q2 2026, and +323% since Q1 1995.
- Is the Olympia-Lacey-Tumwater, WA area beating the national average?
- Over the past year the metro's index moved −0.1 pts versus the U.S.; over five years the gap is −9.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.