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Affordable
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These days, finding an affordable place to live in the 98224 area can be challenging. Home prices in 98224 are now at a median cost of $549,100, lower than the Washington average of $621,115.
The average cost of rent is $1,500/mo in 98224, primarily driven by the current value of real estate in the 98224 area. In 98224, 24.73% of households rent, and 50.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98224 is $6,369 per month. Households that rent pay about 23.55% of their income on rent here. 98224’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 98256, WA: less expensive homes
- 98288, WA: equally priced homes
- 98251, WA: less expensive homes
- 98294, WA: equally priced homes
- 98014, WA: higher priced homes
- 98019, WA: higher priced homes
- 98272, WA: higher priced homes
- 98053, WA: higher priced homes
- 98077, WA: higher priced homes
- 98074, WA: higher priced homes
Zip Codes with Similar Populations
- 97125, OR: higher priced homes
- 49793, MI: less expensive homes
- 49833, MI: less expensive homes
- 50027, IA: less expensive homes
- 50042, IA: less expensive homes
- 50051, IA: less expensive homes
- 50128, IA: less expensive homes
- 50243, IA: less expensive homes
- 97484, OR: less expensive homes
- 97357, OR: less expensive homes
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