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These days, finding an affordable place to live in the 98402 area can be challenging. Home prices in 98402 are now at a median cost of $485,959, lower than the Washington average of $621,115.
The average cost of rent is $1,467/mo in 98402, primarily driven by the current value of real estate in the 98402 area. In 98402, 85.72% of households rent, and 24.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98402 is $4,218 per month. Households that rent pay about 34.77% of their income on rent here. 98402’s most expensive areas are in the northeastern 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
- 98421, WA: higher priced homes
- 98403, WA: higher priced homes
- 98405, WA: equally priced homes
- 98416, WA: higher priced homes
- 98418, WA: less expensive homes
- 98406, WA: higher priced homes
- 98404, WA: less expensive homes
- 98409, WA: less expensive homes
- 98422, WA: higher priced homes
- 98407, WA: higher priced homes
Zip Codes with Similar Populations
- 92310, CA: equally priced homes
- 14057, NY: less expensive homes
- 14892, NY: less expensive homes
- 15085, PA: less expensive homes
- 15104, PA: less expensive homes
- 19095, PA: equally priced homes
- 77480, TX: less expensive homes
- 78652, TX: higher priced homes
- 83801, ID: higher priced homes
- 01057, MA: less expensive homes
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