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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 $338,630, lower than the Washington average of $453,663.
The average cost of rent is $1,373/mo in 98405, primarily driven by the current value of real estate in the 98405 area. While nearly 20.10% of residents own their homes outright in 98405, 48.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 98405 is $5,593 per month. Households that rent pay about 24.56% of their income on rent here. 98405's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
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: equally priced homes
- 97078, OR: higher priced homes
- 23237, VA: less expensive homes
- 27260, NC: less expensive homes
- 48504, MI: less expensive homes
- 47408, IN: less expensive homes
- 60124, IL: equally priced homes
- 60177, IL: less expensive homes
- 60439, IL: higher priced homes
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