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These days, finding an affordable place to live in the 98405 area can be challenging. Home prices in 98405 are now at a median cost of $471,192, lower than the Washington average of $621,115.
The average cost of rent is $1,585/mo in 98405, primarily driven by the current value of real estate in the 98405 area. In 98405, 50.98% of households rent, and 18.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98405 is $6,276 per month. Households that rent pay about 25.25% of their income on rent here. 98405’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 98402, WA: equally priced homes
- 98403, WA: higher priced homes
- 98416, WA: higher priced homes
- 98418, WA: less expensive homes
- 98406, WA: higher priced homes
- 98421, WA: higher priced homes
- 98409, WA: less expensive homes
- 98465, WA: higher priced homes
- 98407, WA: higher priced homes
- 98408, WA: less expensive homes
Zip Codes with Similar Populations
- 98671, WA: higher priced homes
- 20737, MD: less expensive homes
- 97078, OR: equally priced homes
- 23237, VA: less expensive homes
- 27260, NC: less expensive homes
- 48504, MI: less expensive homes
- 47408, IN: less expensive homes
- 60124, IL: less expensive homes
- 60177, IL: less expensive homes
- 60439, IL: equally priced homes
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