The story of this market
The typical home in Bonney Lake, Washington sells for about $659,667, or $315 per square foot.
Prices are roughly flat from a year ago (-0.3%), a market in balance. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,212 a month.
Monthly price momentum
Home values since 2015
-0.2%
WA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Bonney Lake, Washington
The Bonney Lake housing market remains competitive, driven by high demand for single-family homes and limited inventory. While price growth has moderated compared to the rapid appreciation seen in previous years, the market remains a seller's environment. Strong local income levels and the city's appeal to families continue to support stable property values.
No ARED county foreclosure postings attributed to Bonney Lake yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.0% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 4.8% — a stable, low-distress profile.
- Wild Waves Theme and Water Park3.98.9 mi
- Sky Zone Trampoline Park4.119.2 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.320.1 mi
- Round1 Bowling & Arcade419.8 mi
- Round1 Bowling & Arcade - Puyallup3.85.5 mi
- Washington State Fair Event Center4.35.1 mi
- Tacoma Dome4.112 mi
- Topgolf Renton4.122 mi
- Wild Waves Theme and Water Park3.98.9 mi
- White River Amphitheatre4.15.5 mi
- Washington State Fair Event Center4.35.1 mi
- Dash Point State Park4.513.9 mi
- AMC Kent Station 144.414.5 mi
- Museum of Glass4.512.5 mi
- AMC Lakewood Mall 124.415.3 mi
- Museum of Glass4.512.5 mi
- LeMay - America’s Car Museum4.712.1 mi
- Children's Museum of Tacoma4.612.8 mi
- Tacoma Art Museum4.612.7 mi
- Pacific Bonsai Museum4.89.7 mi
- Dash Point State Park4.513.9 mi
- Sprinker Recreation Center4.512.4 mi
- North Lake Tapps Park4.54.4 mi
- Saltwater State Park4.515 mi
- Flaming Geyser State Park4.510.3 mi
- Tacoma Yacht Club4.717.7 mi
- Point Defiance Marina4.717.9 mi
- City of Des Moines Marina4.516.9 mi
- Foss Harbor Marina4.612.9 mi
- Tyee Marina4.113.7 mi
- Washington National Golf Club4.19.2 mi
- Meadow Park Golf Course4.515.2 mi
- Riverbend Golf Complex4.214.5 mi
- Druid's Glen Golf Club4.112.1 mi
- High Cedars Golf Club4.14.9 mi
- Tacoma Mall4.113.5 mi
- The Outlet Collection Seattle4.28.8 mi
- South Hill Mall4.15.3 mi
- Kent Station Shopping Center4.414.5 mi
- WinCo Foods4.312.9 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.419.2 mi
- King County International Airport - Boeing Field4.525.5 mi
- The Club SEA2.718.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large reservoir providing extensive opportunities for boating, fishing, and swimming. It is a primary recreational anchor for the city and significantly influences property values for waterfront and view homes.
The city's premier park facility, featuring sports fields, a boat launch, and swimming areas. It serves as the venue for major community events and festivals throughout the year.
A major commercial corridor along SR 410 that hosts a variety of national retailers, grocery stores, and restaurants. It provides essential services and convenience for the local population.
Bonney Lake is an ideal fit for family buyers seeking a suburban lifestyle with access to outdoor recreation and high-quality schools. It also attracts commuters who work in the Tacoma or South King County areas but prefer a quieter, residential environment. The city is less suited for those seeking a dense, urban, or transit-oriented lifestyle.
The city is served by the Sumner-Bonney Lake School District, which is generally regarded for its academic performance and modern facilities. Schools in the area are well-supported by the local community and consistently meet state educational standards. Families often cite the quality of the district as a primary driver for moving to the city.
Transportation is heavily reliant on private vehicles, with SR 410 serving as the primary artery connecting the city to the regional highway network. Public transit options are limited, consisting mainly of commuter bus services to nearby employment hubs. The city's layout is designed for suburban car-based mobility.
Bonney Lake offers extensive outdoor amenities, including Lake Tapps, which serves as a central hub for boating, swimming, and fishing. The city maintains numerous parks and trail systems that cater to active families and outdoor enthusiasts. Shopping and dining are concentrated along the SR 410 corridor, providing convenient access to regional retail chains.
The rental market in Bonney Lake is characterized by high demand and limited vacancy, driven by the city's desirability for families who prefer suburban living. Rents have seen steady appreciation, reflecting the broader regional trend of rising housing costs. Investor interest is moderate, with a mix of single-family rentals and newer multi-family developments.
The local economy is primarily service-oriented, supported by a robust retail sector along the SR 410 corridor. Most residents are employed in the broader Seattle-Tacoma-Bellevue metro area, with the city functioning as a bedroom community. Economic momentum is tied to regional growth and the continued expansion of suburban housing.
Bonney Lake has experienced significant residential growth over the last decade, transitioning from a small town to a suburban hub. Infrastructure development, particularly along the SR 410 corridor, has kept pace with commercial expansion to support the growing population. Major employers are primarily located in the nearby Tacoma and Seattle metro areas, making the city a popular residential base.
Development planning is focused on managing residential growth while expanding commercial capacity to reduce the need for out-of-city shopping. Recent efforts have prioritized mixed-use zoning in designated areas to create more walkable community nodes. Infrastructure capacity remains a key consideration for all new residential approvals.
Parcels in Bonney Lake are subject to various special districts, including those for fire protection, water, and sewer services. The Sumner-Bonney Lake School District is the primary educational authority. Some newer developments may be subject to local improvement districts for infrastructure financing.
Bonney Lake generally experiences lower crime rates compared to larger urban centers in the Puget Sound region. Local law enforcement maintains a focus on community policing to address property-related offenses. Residents typically perceive the city as a safe, family-oriented environment.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding in low-lying areas. Wildfire risk is generally low within the city limits, though residents are encouraged to maintain defensible space near forested buffers. Insurance markets remain stable, though premiums reflect regional seismic and weather-related exposure.
Property insurance markets are stable, though homeowners should be aware of regional risks related to windstorms and seismic activity. Premiums are generally competitive but reflect the high value of the local housing stock. Most properties are not located in high-risk flood zones, though proximity to Lake Tapps may require specific coverage.
Property taxes in Bonney Lake are levied by Pierce County based on assessed valuations, with rates determined by state and local school district levies. The city does not impose a local income tax, consistent with Washington state law. Special assessments may apply for local utility districts or infrastructure improvements within specific developments.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.