Market Overview
Home Prices in Belfair, WA
The median home value in Belfair, WA is $486,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Belfair are priced19% above average. Belfair is part of the Shelton, WA metro area.
Over the past five years, Belfair home values have risen by approximately11.5%, reflecting steady appreciation in this market.
Price History
Belfair Home Price Trend
City Comparison
Belfair vs. National Median
At $486,541, homes in Belfair cost 19% above the national median of $410,000. Buyers in Belfair should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Belfair?
20% Down Payment
$97,308
on $486,541
Monthly P&I
$2,538/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,223/mo
incl. taxes & insurance
Income Needed
$128,920
gross annual (30% rule)
10% Down Option
$48,654
+ PMI applies
Loan Amount (20% dn)
$389,233
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Belfair, WA?
The median home value in Belfair is $486,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Belfair?
Over the past year, home values in Belfair have decreased by 0.2%. Over five years, prices have risen approximately 11.5%.
How much do I need to earn to buy a home in Belfair?
To comfortably afford the median home price of $486,541 with a 20% down payment ($97,308) at today's rates (6.8%), you'd need a gross annual income of approximately $128,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Belfair compare to the national average home price?
The national median home value is approximately $410,000. At $486,541, homes in Belfair are 19% above the national average.
What metro area is Belfair part of?
Belfair is part of the Shelton, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.