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These days, finding an affordable place to live in the 98406 area can be challenging. Home prices in 98406 are now at a median cost of $624,307, higher than the Washington average of $621,115.
The average cost of rent is $1,859/mo in 98406, primarily driven by the current value of real estate in the 98406 area. In 98406, 38.28% of households rent, and 26.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98406 is $9,702 per month. Households that rent pay about 19.16% of their income on rent here. 98406’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 98416, WA: higher priced homes
- 98407, WA: higher priced homes
- 98465, WA: less expensive homes
- 98405, WA: less expensive homes
- 98403, WA: higher priced homes
- 98466, WA: equally priced homes
- 98402, WA: less expensive homes
- 98409, WA: less expensive homes
- 98418, WA: less expensive homes
- 98421, WA: equally priced homes
Zip Codes with Similar Populations
- 02467, MA: higher priced homes
- 10708, NY: higher priced homes
- 11714, NY: equally priced homes
- 77441, TX: less expensive homes
- 48375, MI: less expensive homes
- 50320, IA: less expensive homes
- 51104, IA: less expensive homes
- 52246, IA: less expensive homes
- 53027, WI: less expensive homes
- 55420, MN: less expensive homes
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