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These days, finding an affordable place to live in the 98047 area can be challenging. Home prices in 98047 are now at a median cost of $470,786, lower than the Washington average of $621,115.
The average cost of rent is $1,602/mo in 98047, primarily driven by the current value of real estate in the 98047 area. In 98047, 41.43% of households rent, and 26.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98047 is $9,265 per month. Households that rent pay about 17.29% of their income on rent here. 98047’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern 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
- 98002, WA: less expensive homes
- 98354, WA: higher priced homes
- 98001, WA: higher priced homes
- 98092, WA: higher priced homes
- 98390, WA: higher priced homes
- 98372, WA: higher priced homes
- 98003, WA: equally priced homes
- 98424, WA: higher priced homes
- 98371, WA: higher priced homes
- 98023, WA: higher priced homes
Zip Codes with Similar Populations
- 89301, NV: less expensive homes
- 13202, NY: less expensive homes
- 14070, NY: less expensive homes
- 14489, NY: less expensive homes
- 17061, PA: less expensive homes
- 26416, WV: less expensive homes
- 31321, GA: less expensive homes
- 83860, ID: higher priced homes
- 85034, AZ: less expensive homes
- 85552, AZ: less expensive homes
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