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These days, finding an affordable place to live in the 98245 area can be challenging. Home prices in 98245 are now at a median cost of $768,161, higher than the Washington average of $621,115.
The average cost of rent is $1,543/mo in 98245, primarily driven by the current value of real estate in the 98245 area. In 98245, 21.86% of households rent, and 48.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98245 is $7,528 per month. Households that rent pay about 20.50% of their income on rent here. 98245’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 98243, WA: higher priced homes
- 98279, WA: higher priced homes
- 98280, WA: higher priced homes
- 98297, WA: less expensive homes
- 98286, WA: less expensive homes
- 98222, WA: equally priced homes
- 98262, WA: less expensive homes
- 98250, WA: equally priced homes
- 98225, WA: less expensive homes
- 98226, WA: less expensive homes
Zip Codes with Similar Populations
- 86044, AZ: less expensive homes
- 27874, NC: less expensive homes
- 28605, NC: less expensive homes
- 28751, NC: less expensive homes
- 29055, SC: less expensive homes
- 29682, SC: less expensive homes
- 29817, SC: less expensive homes
- 29924, SC: less expensive homes
- 29945, SC: less expensive homes
- 27864, NC: less expensive homes
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