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These days, finding an affordable place to live in the 98040 area can be challenging. Home prices in 98040 are now at a median cost of $1,792,107, higher than the Washington average of $621,115.
The average cost of rent is $3,036/mo in 98040, primarily driven by the current value of real estate in the 98040 area. In 98040, 33.00% of households rent, and 41.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98040 is $17,769 per month. Households that rent pay about 17.09% of their income on rent here. 98040’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
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- 98122, WA: less expensive homes
- 98178, WA: less expensive homes
Zip Codes with Similar Populations
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- 10541, NY: less expensive homes
- 10038, NY: less expensive homes
- 07869, NJ: less expensive homes
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