Bremerton’s current Zillow ZHVI, a typical city home value, is $487,924, and its Zillow ZORI, a typical observed market rent, is $1,934 monthly. Annual ZORI divided by ZHVI gives a 4.8% gross yield before every operating cost. For affordability context, the city ZHVI-to-income relationship is 6.5x. These are screening relationships, not a buyer payment or an owner net return. It does not state cash flow after expenses.
The citywide housing stock spans owner and renter occupancy; renter-occupied units account for 51.9% of occupied units. ACS reports a $439,400 owner-reported median home value and $1,641 median gross rent, which includes contract rent plus selected utilities. These are surveyed occupied-housing measures, unlike Zillow’s typical home value and observed market-rent measures; they cover different populations and periods and should not be averaged.
Rent burden reaches 57.9% among city renter households at or above the 30% threshold. The city vacancy rate is 7.4%; ACS classifies 513 vacant units as for rent, 51 as for sale, and 219 as seasonal. Among all city housing units, 58.3% are single-family and 14.1% are large multifamily. Population grew 10.3% between overlapping ACS five-year vintages, a comparison that may reflect boundary changes. Median household income is $74,940, poverty is 13.8%, and unemployment is 5.7%; poverty and unemployment are descriptive demand constraints, not causal claims. These citywide survey facts cannot establish a particular unit’s condition, availability, leasing speed, or tenant payment performance.
In Kitsap County, Realtor data show 674 active listings, a 38-day median marketing time, and 18.3% of listings with price reductions; these county measures are context, not Bremerton measures. In the broader Bremerton metro, employment fell 0.4% and Redfin reported 1.9 months of supply; these metro indicators are not city performance. The national Freddie Mac mortgage rate was 6.7%, a national financing benchmark rather than a local borrowing quote.
Gross yield excludes property taxes, insurance, financing, management, maintenance, capital work, vacancy loss, and leasing costs; ACS vacancy reasons and renter share do not establish availability or leasing speed. Verify the address’s asking price and rent, utility responsibility, lease comparables, operating statements, property-tax assessment and bills, insurance quotes, flood and hazard exposure, condition, permits, and inspection findings. Confirm tenure, rental restrictions, and any condominium or association obligations before underwriting cash flow.