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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 $1,433,474, higher than the Washington average of $453,663.
The average cost of rent is $2,896/mo in 98040, primarily driven by the current value of real estate in the 98040 area. While nearly 41.51% of residents own their homes outright in 98040, 26.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 98040 is $15,891 per month. Households that rent pay about 18.22% of their income on rent here. 98040's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 98118, WA: less expensive homes
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- 98004, WA: equally priced homes
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- 98039, WA: higher priced homes
- 98005, WA: less expensive homes
- 98056, WA: less expensive homes
- 98122, WA: less expensive homes
- 98178, WA: less expensive homes
Zip Codes with Similar Populations
- 18062, PA: less expensive homes
- 33137, FL: less expensive homes
- 84117, UT: less expensive homes
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- 21001, MD: less expensive homes
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- 18944, PA: less expensive homes
- 10541, NY: less expensive homes
- 10038, NY: less expensive homes
- 07869, NJ: less expensive homes
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