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These days, finding an affordable place to live in the 98251 area can be challenging. Home prices in 98251 are now at a median cost of $487,297, lower than the Washington average of $621,115.
The average cost of rent is $1,752/mo in 98251, primarily driven by the current value of real estate in the 98251 area. In 98251, 9.93% of households rent, and 19.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98251 is $8,052 per month. Households that rent pay about 21.76% of their income on rent here. 98251’s most expensive areas are in the northern 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
- 98294, WA: higher priced homes
- 98256, WA: equally priced homes
- 98224, WA: higher priced homes
- 98272, WA: higher priced homes
- 98019, WA: higher priced homes
- 98290, WA: higher priced homes
- 98288, WA: higher priced homes
- 98077, WA: higher priced homes
- 98296, WA: higher priced homes
- 98205, WA: higher priced homes
Zip Codes with Similar Populations
- 85701, AZ: less expensive homes
- 35490, AL: less expensive homes
- 78263, TX: less expensive homes
- 35186, AL: less expensive homes
- 78390, TX: less expensive homes
- 78712, TX: higher priced homes
- 78956, TX: less expensive homes
- 34773, FL: less expensive homes
- 79536, TX: less expensive homes
- 80651, CO: equally priced homes
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