Housing market/Washington/ZIP 98366

ACS 2023 · FY2027 SAFMR

ZIP 98366 Port Orchard, Washington

Bremerton-Silverdale-Port Orchard, WA MSA · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
37,692
Households
14,534
Median HH income
$88,807
Renter share
34.0%
Median gross rent
$1,704
Vacancy
5.6%
Pop. change
+12.1%
2BR SAFMR
$1,900
SAFMR / rent
1.115×
2–49 unit stock
2,872
LIHTC proj / units
11 / 502
HUD assisted MF
5 / 259

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 98366 · WA — sent to you.

ZIP 98366 · WA

ACS median rent$1,704
2BR SAFMR$1,900
90% floor$1,710
110% ceiling$2,090

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 98366

  • 1-unit detached11,25773.1%
  • 1-unit attached2441.6%
  • 2–4 units1,1717.6%
  • 5–49 units1,70111.1%
  • 50+ units3632.4%
  • Mobile6554.3%
TypeUnitsShare
1-unit detached11,25773.1%
1-unit attached2441.6%
2 units (duplex)4993.2%
3–4 units6724.4%
5–9 units6174.0%
10–19 units7194.7%
20–49 units3652.4%
50+ units3632.4%
Mobile6554.3%

2–4 unit share 7.6% · 5–49 unit share 11.1% · combined 2–49 18.7%.

Units by bedrooms

Studio
202
1BR
1,152
2BR
3,738
3BR
7,673
4BR
1,885
5+
741

Rent burden

Rent ≥30% of income47.5%
Rent ≥50% of income28.8%
  • ACS median gross rent $1,704 (all bedrooms, occupied rentals).
  • Median contract rent $1,549.
  • Renters paying ≥30% of income 47.5%; ≥50% 28.8%.
  • FY2027 2BR SAFMR $1,900 (1.115× ACS median gross rent).

Population

37,692 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +12.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 11 projects, 502 units.
  • HUD project-based assisted MF: 5 properties, 259 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,128 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 98366 34.0% of occupied households are renters; vacancy is 5.6%; ACS median gross rent is $1,704; population increased +12.1% between the 2018 and 2023 ACS vintages; the housing stock includes 1,171 units in 2–4-unit structures and 1,701 units in 5–49-unit structures; 11 LIHTC projects totaling 502 units; FY2027 2BR SAFMR is $1,900 versus ACS median gross rent of $1,704. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 98366 is a Census / HUD profile for Bremerton-Silverdale-Port Orchard, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 98366?

ZIP 98366 (Bremerton-Silverdale-Port Orchard, WA MSA) has 37,692 residents, 14,534 households, a renter share of 34.0%, median household income of $88,807, and ACS 2023 median gross rent of $1,704. Vacancy is 5.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98366?

ACS counts 499 units in 2-unit buildings, 672 in 3–4 unit buildings, 617 in 5–9, 719 in 10–19, and 365 in 20–49. Combined 2–49 unit stock is 2,872 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98366?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,900. See the full schedule and 90–110% payment-standard band on the ZIP 98366 — Port Orchard, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98366 is Census / HUD research for Bremerton-Silverdale-Port Orchard, WA MSA. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.