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Bonney Lake, WA
Full City Profile · Washington · Pierce County County
3.4
/5.0
B
Good
22,776
Population
2,771/sq mi density
$131,524
Median Income
$51,539 per capita
$558,900
Home Value
$671,859 Zillow
$2,212
Median Rent
29.2% income on rent
51°F
Avg Temperature
240 sunny days/yr
162
Violent Crime/100K
1,678 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$131,524 median income, 2.1% unemployment
A
Affordability
4.3 / 5.0
$558,900 home value, $2,212/mo rent
F
Safety
1.0 / 5.0
162 violent crimes/100K
B
Education
3.4 / 5.0
29.6% bachelor's degree or higher
Housing Overview
Median Home Value
$558,900
98% above
US avg: $281,900
Median Rent
$2,212/mo
90% above
US avg: $1,163/mo
Homeownership Rate
79.9%
22% above US avg (65.4%)
Total Housing Units
7,990
Median year built: 1999
Home Value by Source
Census Median
$558,900
Zillow (ZHVI)
$671,859
Median Sale Price
$720,975
Median List Price
$687,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.9%
Owner-Occupied
20.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$2,212/mo
· Zillow rent:
$2,738/mo
Market Indicators (Redfin)
Median Days on Market
22 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
14
Price Drops
37.5%
of listings with price reduction
Price Per Sq Ft
$276
Active Inventory
32
homes for sale
Affordability & Housing Stock
Rent Burden
29.2%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
79.9%
Complete Housing Data
Home Values
| Census Median Value | $558,900 |
| Zillow Home Value (ZHVI) | $671,859 |
| Median Sale Price | $720,975 |
| Median List Price | $687,500 |
| Price Per Sq Ft | $276 |
Rent
| Census Median Rent | $2,212 |
| Zillow Rent (ZORI) | $2,738 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 22 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 37.5% |
| Homes Sold | 14 |
| Active Inventory | 32 |
| Price Per Sq Ft | $276 |
Ownership & Stock
| Owner-Occupied | 79.9% |
| Renter-Occupied | 20.1% |
| Homeownership Rate | 79.9% |
| Total Housing Units | 7,990 |
| Median Year Built | 1999 |
| Rent Burden | 29.2% |