98516 Homes with FHA Terms

98516 Homes with FHA Terms

Welcome to the charming community of zip code 98516, nestled in the heart of Thurston County, Washington. This vibrant area is known for its unique blend of natural beauty, suburban convenience, and a welcoming atmosphere that makes it an ideal place to call home. With picturesque landscapes, lush greenery, and a variety of recreational opportunities, residents enjoy a quality of life that is both peaceful and fulfilling.

The 98516 zip code encompasses the lovely town of Lacey, which is just a stone's throw away from Olympia, the state capital. Here, you’ll find a rich tapestry of parks, trails, and outdoor activities that cater to nature lovers and adventurers alike. From serene walks along the scenic lakes to invigorating hikes in nearby parks, the area is a haven for those looking to embrace the great outdoors.

For homebuyers, the 98516 area offers a range of housing options, including properties that qualify for FHA financing. This is great news for first-time buyers or those looking to invest in their dream home without a hefty down payment. With FHA terms, you can explore a variety of homes that fit your budget while still enjoying the benefits of homeownership in this desirable locale.

Whether you're drawn to the thriving local community, the convenience of nearby amenities, or the stunning natural surroundings, zip code 98516 has something for everyone. Come discover the charm of this Washington gem and find your perfect home today!

Newest 98516 Homes with FHA Terms

4522 Edgewater Boulevard NE, Lacey
$539,999
4 Beds ⋅ 3 Baths ⋅ 2590629 MLS ⋅ ACTIVE Status
Thoughtfully designed and spacious, this 4-bedroom, 2.5-bath Lacey home offers 2,400 SF of well-planned living space with a desirable two-story layout and refined architectural details. The main level welcomes you with a comfortable living room anchored by a gas fireplace, a dedicated den/office, kitchen with eating space, and convenient utility room. Upstairs, the primary suite features a private bath and walk-in closet, complemented by three additional bedrooms and a second full bath. Hardwood, vinyl, and carpet flooring create a versatile mix of textures throughout, while double-pane/storm windows add everyday comfort. Outside, enjoy a patio, sprinkler system, level lot, sidewalk access, and territorial outlook. The attached 2-car garage provides 361 SF of covered parking and storage. Built in 2011 and located in an HOA community, this home brings together generous living space, practical design, and low-maintenance functionality. All HOA docs can be accessed at https://my.managementtrust.com

4522 Edgewater Boulevard NE, Lacey

Listing Broker: Real Broker LLC; Dustin Comey; 425-585-8025; dustin@veteranteam.us

9331 Eld Court NE, Lacey
$530,000
4 Beds ⋅ 3 Baths ⋅ 2589404 MLS ⋅ ACTIVE Status
Welcome to your private oasis perfectly tucked away on a quiet cul-de-sac in the highly sought-after Campus Park neighborhood of Olympia. This exceptional home offers an unbeatable combination of stylish upgrades, effortless outdoor living, and premier Pacific Northwest recreation right at your doorstep. Step inside to discover a beautifully maintained interior featuring elegant granite countertops that beautifully anchor the heart of the home. Enjoy year-round comfort and energy efficiency thanks to a newer HVAC heating and cooling system, paired w/ newer, premium Milgard Tuscany windows that flood the living spaces with natural light. Even the fully insulated and finished garage has been thoughtfully upgraded, complete w/ a convenient utility sink for your projects. Outside, the professionally landscaped, low-maintenance yard is a true entertainer’s dream. Host summer barbecues or relax under the stars on the expansive paver patio, gather around the cozy firepit, or unwind in the beautiful gazebo. A handy storage shed ensures your outdoor equipment remains perfectly organized without cluttering your garage. Beyond the property lines, you will love the unparalleled lifestyle this location affords. Stroll the scenic walking trails woven seamlessly throughout Campus Park, or take advantage of phenomenal local recreation. You are just minutes from pristine golf courses, the beaches of Tolmie State Park, boating at Zittles Marina, and long walks in the wildlife refuge.

9331 Eld Court NE, Lacey

Listing Broker: Keller Williams South Sound; Phil Harlan; 360-701-5688; philharlan@philharlan.com

4602 7th Avenue NE, Lacey
$470,000
3 Beds ⋅ 2 Baths ⋅ 2588521 MLS ⋅ ACTIVE Status
Enjoy the ease of one-story living in this inviting Lacey rambler, tucked away on a quiet cul-de-sac. Set on a nearly quarter-acre lot, this home offers a comfortable layout with nicely sized bedrooms and thoughtful updates throughout. The updated kitchen brings a fresh feel to the heart of the home, while the living room’s wood stove adds warmth and character. Stay comfortable year-round with A/C, and enjoy added efficiency with solar panels. Outside, the covered back porch creates a great spot for morning coffee, gatherings, or simply enjoying the peaceful surroundings, while established fruit trees add to the charm. A new roof in 2024 and newer septic system provide added peace of mind. Conveniently located close to town, minutes to North Thurston HS, and easy freeway & JBLM access, this home offers the best of a relaxed setting without giving up everyday convenience.

4602 7th Avenue NE, Lacey

Listing Broker: Real Broker LLC; Aaron N. Thomas; 253-740-7662; aaron@aaronthomashometeam.com

5209 Oystercatcher Lane NE, Olympia
$1,174,900
4 Beds ⋅ 3 Baths ⋅ 2589561 MLS ⋅ ACTIVE Status
Welcome to 5209 Oystercatcher Lane NE, an exceptional 4-bedroom, 3-bath luxury home in the gated community of The Woodlands in Lacey, WA. Built in 2021, this beautifully appointed 3,127-square-foot residence sits on 1.49 private acres and offers the ideal blend of modern construction, upscale finishes, flexible living spaces, and serene indoor-outdoor living. The thoughtfully designed floor plan features an open-concept great room, dedicated den/home office, versatile bonus room, and a chef-inspired kitchen with stainless-steel appliances, quartz countertops, and a spacious butler’s pantry. The private primary suite creates a spa-like retreat with a soaking tub, fully tiled walk-in shower with glass enclosure, and dual quartz vanities. A rare 4-car side-entry garage provides abundant space. Step outside to enjoy year-round entertaining on the covered deck, featuring a stone-surround gas fireplace and TV hookup. The fully fenced, park-like 1.49-acre grounds include expansive lawn, fire pit, gazebo, mature fruit trees, and established landscaping, creating a peaceful private retreat. Conveniently located near Olympia-area amenities with easy I-5 access and a short commute to Tacoma and Seattle, this Lacey estate delivers the highly sought-after combination of acreage, newer construction, luxury finishes, privacy, and exceptional garage capacity. A rare opportunity to live, work, entertain, and enjoy the outdoors in an elevated Pacific Northwest setting.

5209 Oystercatcher Lane NE, Olympia

Listing Broker: COMPASS; Nicole Braam; 253-237-2090; nbraam@kw.com

8818 Shepard Way NE, Lacey
$649,995
5 Beds ⋅ 4 Baths ⋅ 2588127 MLS ⋅ ACTIVE Status
Imagine ending the day with the sun setting over the 18th fairway & nothing left to do but enjoy the view. Welcome to 8818 Shepard Way NE, where thoughtful design, beautiful finishes, & more than $50k in seller upgrades come together to create a home that is effortlessly special. The moment you enter, the open-concept main level invites you to settle in & stay awhile.The gas fireplace anchors the living space,while the elevated kitchen takes center stage with an extensive one level island topped in quartz,creating the perfect gathering place for morning coffee,dinners,& entertaining.A second primary suite on the main level offers exceptional flexibility for guests or multigenerational living. Upstairs,you'll find 3 bedrooms & spacious primary suite designed to feel like your own private retreat. The beautifully remodeled primary bath is the kind of space you'll look forward to escaping to,with a soaking tub perfectly positioned for taking in those spectacular sunsets.The back patio becomes an extension of the home,overlooking the golf course & offering a front-row seat to pnw beauty.The thoughtful details continue with a Tesla EV charger in the garage,updates throughout,& a completed pre-inspection.Beautifully executed,thoughtfully designed,& ready for its next chapter.Experience the view,lifestyle,setting,& feeling of a home where the hard work has already been done.Listing agents are offering a 1 year home warranty.Also enjoy one year membership Hawks prairie Golf Course!

8818 Shepard Way NE, Lacey

Listing Broker: John L Scott Madrona Group; Danielle Caraway; 425-458-8377; dannicaraway@johnlscott.com

8533 Capstan Drive NE, Olympia
$495,000
3 Beds ⋅ 2 Baths ⋅ 2583332 MLS ⋅ ACTIVE Status
RAMBLER + MOVE-IN READY + PRIME LACEY LOCATION! Welcome home to the easy one-level living you've been searching for! This beautifully maintained 3-bedroom, 2-bath rambler delivers an open, inviting floor plan designed for both everyday comfort and entertaining. Step inside to hardwood floors, vaulted spaces, and a cozy gas fireplace that anchors the spacious living area. The open kitchen keeps everyone connected with a large island, generous workspace, and adjoining dining area—perfect for gatherings, game days, or casual nights at home. Retreat to the impressive primary suite featuring a vaulted ceiling, walk-in closet, and private 5-piece bath with room to relax and recharge. Two additional bedrooms offer flexibility for guests, an office, or hobby space. Outside, enjoy covered front AND back outdoor living, a partially fenced, low-maintenance yard, and newer interior and exterior paint that adds to the move-in-ready appeal. All appliances stay, including the newer washer and dryer! Add an attached 2-car garage and excellent access to I-5, JBLM, shopping, parks, and golf, and this home checks all the boxes. Single-level homes like this don't come along every day—come see why this one deserves to be at the top of your list!

8533 Capstan Drive NE, Olympia

Listing Broker: eXp Realty; Andre' Jones; 253-324-4167; andre.jones@exprealty.com

5171 Emily Way NE Unit #6, Lacey
$532,995
4 Beds ⋅ 3 Baths ⋅ 2589384 MLS ⋅ ACTIVE Status
Now open! Welcome to Ventura Crossing by D.R. Horton, a new construction community of 68 homes in Lacey! A charming covered front porch welcomes you to the Sherwood. This home begins to impress from its entry hallway leading to a powder room, garage, and roomy storage closet. At the end, a thoughtfully designed open-concept great room with ample dining space will mesmerize. The kitchen offers plentiful cabinetry and a convenient island. Upstairs, an expansive primary suite with walk-in closet, centrally located laundry room, three additional bedrooms and a full bath complete this lovely home. Hard surface flooring on the main level, quartz countertops, stainless steel appliances with gas range, and heat pump for A/C. Smart home technology and D.R. Horton's 10-year warranty come standard. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Buyers must register their real estate brokers prior to or during their first visit, including open houses.

5171 Emily Way NE Unit #6, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5170 Emily Way NE Unit #7, Lacey
$480,995
3 Beds ⋅ 3 Baths ⋅ 2589424 MLS ⋅ ACTIVE Status
Now open at Ventura Crossing by DR Horton Homes. Exciting community amenities like a playground, and open spaces. With its convenient Lacey location, destinations like JBLM, the State Capitol, and Olympia's Historic District are all within reach. The Fir B offers 3 bed + loft/office, 2 1/2 bath w/ all the luxury of a new home. Huge kitchen island, slab quartz counters, gas range, stainless appliances w/tons of storage & A/C. Primary suite boasts separate bath & walk-in closet. Located only 15 min from JBLM. Below market rates and a $10,000 buyer bonus available through the preferred lender for qualified buyers. Buyers must register their brokers on the first visit including any open house. Come see what all the excitement is about.

5170 Emily Way NE Unit #7, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5131 Emery Avenue NE Unit #42, Lacey
$475,995
3 Beds ⋅ 3 Baths ⋅ 2589428 MLS ⋅ ACTIVE Status
Welcome to Ventura Crossing, D.R. Horton's newest community in Lacey! Experience comfort and convenience in the PINE floor plan, elevation B - a 2-story alley-load home offering 1,392 sq ft with 3 bedrooms and 2.5 baths. The well-equipped kitchen features quartz countertops and a bright, spacious main level. Upstairs find the primary suite, two comfortable bedrooms, a laundry room, and two full bathrooms. Hard surface flooring, stainless steel appliances, a heat pump for year-round comfort, pre-wired 50-amp circuit for an EV charger, smart home technology, and D.R. Horton's 10-year warranty come standard. Estimated completion November 2026. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Ventura Crossing offers a park, open green spaces with mature trees, the nearby Western Chehalis Trail, and a convenient location minutes to I-5, JBLM, shopping, and recreation. Served by North Thurston School District.

5131 Emery Avenue NE Unit #42, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5142 Emery Avenue NE Unit #49, Lacey
$629,995
4 Beds ⋅ 3 Baths ⋅ 2589437 MLS ⋅ ACTIVE Status
Now open! Welcome to Ventura Crossing by D.R. Horton, a new construction community on the border of Lacey and Olympia! The Sellwood Plan, elevation B, is a 2,251 sq ft, 2-story home with 4 bedrooms and 2.5 baths and a spacious great room layout ideal for entertaining. A walk-in pantry provides generous storage, and one oversized bedroom can also function as a bonus room, offering flexible living options. The home features hard surface flooring throughout the main level, white millwork and doors, stainless steel appliances with gas range, quartz countertops, and a bath off the primary suite with walk-in closet. A heat pump provides efficient year-round heating and cooling. Electric vehicle charger ready. Smart home technology and D.R. Horton's 10-year warranty come standard. Estimated completion December 2026. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Adjacent to the Chehalis Western Trail for walking and biking. Community amenities include a park, half basketball court, and open green spaces. Easy access to I-5, JBLM, Target, Safeway, Fred Meyer, Costco, and Olympia's vibrant historic district. Served by North Thurston School District with all three schools within approximately 1 mile.

5142 Emery Avenue NE Unit #49, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

6711 47th Avenue NE, Olympia
$776,500
3 Beds ⋅ 3 Baths ⋅ 2589098 MLS ⋅ ACTIVE Status
Rare opportunity to live in one of the best neighborhoods in Olympia. This beautiful home was purchased from the builder who saved this lot to build his own home. Now, it can be yours. Open, one-level floor plan. Formal living and dining area, open kitchen with informal living area. Oversized lot which extends back into the trees. Green house included. This is probably the home you have been waiting to make your own.

6711 47th Avenue NE, Olympia

Listing Broker: CENTURY 21 Lund, Realtors; Martha Jane Hunt; 360-269-6200; huntforhomes@gmail.com

7230 Prairie Ridge Drive NE, Olympia
$774,000
3 Beds ⋅ 3 Baths ⋅ 2588249 MLS ⋅ ACTIVE Status
Welcome to this beautifully remodeled home tucked away in a desirable neighborhood where mature landscaping and pride of ownership shine. Thoughtfully updated inside and out, this property offers an incredible combination of comfortable living, exceptional outdoor spaces, and hard-to-find shop and storage amenities. Inside, you’ll find remodeled primary and guest baths, updated lighting and finishes, organized closets, and a remodeled laundry room. Major updates include a new furnace in 2026, tankless gas water heater, heat pump, new 6-inch gutters, exterior paint completed in 2025, and Trimlights already installed so no more hanging your holiday lights! The backyard is truly a showstopper. Beautifully landscaped, irrigated and illuminated, with expansive concrete patios and walkways designed for year-round enjoyment. Entertain under the large covered patio featuring an outdoor fireplace, ceiling fan, sauna, speakers and mini fridge, gather around the separate fire pit, or enjoy the covered outdoor kitchen. A fenced and irrigated garden, multiple powered sheds and fully fenced backyard. The impressive approx. 40' x 24' fully insulated shop features power, lighting, a 12' x 12' roll-up door, craft room, wood stove, woodworking area and abundant storage. There’s also an approx. 40' x 14' RV cover and an oversized attached garage with RaceDeck flooring, upgraded insulated doors and attic storage. All of this is located just minutes from JBLM, shopping, and easy freeway access.

7230 Prairie Ridge Drive NE, Olympia

Listing Broker: eXp Realty; Tiffany Weaver; 253-355-4810; Tiffeee23@gmail.com

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