98531 — Centralia, WA Home Values
Typical home value $399,932 as of June 2026 · 8th of 12 in Centralia, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98531, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98531 compares in the Centralia, WA area
ZIP code 98531 (Centralia, WA) has a typical home value of $399,932 as of June 2026, ranking 8th of 12 ZIP codes tracked in the Centralia, WA area, more expensive than about 42% of ZIP codes in the metro. Prices here have moved +1.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +18.7%, from $336,812 in June 2021 to $399,932 in June 2026. Against observed rent, the typical home here sells for 26.7× the annual rent ($1,247/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Centralia, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Centralia.
Population and demographics
ZIP code 98531 has a population of 27,356, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 75.3% White, 17.1% Hispanic or Latino, 4.4% two or more races, 1.2% Asian, 0.7% Black or African American, 0.7% another race, 0.3% American Indian or Alaska Native, and 0.2% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Oakview Elementary School | 201 Oakview Avenue, Centralia, WA | 2.4 mi |
| Edison Elementary | 607 H Street, Centralia, WA | 3.1 mi |
| Washington Elementary School | 800 Field Street, Centralia, WA | 3.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98531?
$399,932 as of June 2026, the latest month Zillow has published observed data for.
Is 98531 an expensive ZIP code in the Centralia, WA area?
98531 ranks 8th of 12 ZIP codes in the Centralia, WA area by typical home value, more expensive than about 42% of ZIP codes in the metro.
How much have home values in 98531 changed over the past year?
+1.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98531?
The typical home price is 26.7× the observed annual rent in this ZIP code ($1,247/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98531?
27,356, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98531?
Oakview Elementary School (2.4 mi), Edison Elementary (3.1 mi), Washington Elementary School (3.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98531?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Centralia, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.