Bonney Lake, WA real estate
Buying or selling a home, condo, or piece of land in Bonney Lake? Here is what the city's housing actually looks like, and how to reach Isaac Ortiz about it.
Bonney Lake housing snapshot
| Population | 22,776 | |
|---|---|---|
| Median home value | $558,900 | Owner-reported |
| Median household income | $131,524 | |
| Detached houses | 81.9% | Share of all housing units |
| Townhomes / attached | 4% | |
| In buildings of 2+ units | 9.6% | Condos and apartments alike |
| Manufactured homes | 3.9% | |
| Owner-occupied | 79.9% | |
| Median year built | 2001 | |
| Vacancy rate | 3% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023). Tables B25077, B01003, B25003, B25024, B25035, B19013, B25002. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
What the numbers mean for a buyer or seller
The median owner-reported home value in Bonney Lake is $558,900.
That is 15% above the Pierce County median of $484,400. Median household income is $131,524, 36% above the county's $96,632.
Detached houses make up 81.9% of homes in Bonney Lake, with 9.6% in multi-unit buildings and 4% attached single-family. The stock leans to houses without being exclusively houses.
79.9% of occupied homes are owner-occupied, which is a high ownership rate and usually means low turnover and tightly held inventory.
Half of Bonney Lake's homes were built in 2001 or earlier, so much of the stock is this century, and newer systems and finishes are common.
Bonney Lake is 22,776 people, big enough for a steady flow of comparable sales. Vacancy is 3% - very tight, and a fair warning that anything listed here moves quickly.
Selling in Bonney Lake
79.9% of homes here are owner-occupied, so most sales are people moving on rather than investors trading. Buyers in that market are usually comparing your home against a small number of others, and presentation moves the number more than it does in a high-turnover area.
For pricing context, the midpoint of Bonney Lake homes is $558,900, and the area sits about 4.8 miles off the Seattle-Bellevue-Tacoma spine - usually the first thing a buyer's agent checks when they push back on a list price.
Isaac will tell you what your home is actually likely to bring in Bonney Lake and what, if anything, is worth doing first. If the honest answer is that this is not your year to sell, he will say that too.
Talk to Isaac Ortiz about Bonney Lake
Isaac Ortiz is a licensed real estate broker with Compass, working Pierce County and the surrounding Puget Sound area. Se habla español. Send a note and he will reply personally.
Email Isaac.Ortiz@nwret.com.