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These days, finding an affordable place to live in the 98512 area can be challenging. Home prices in 98512 are now at a median cost of $469,011, lower than the Washington average of $621,115.
The average cost of rent is $1,731/mo in 98512, primarily driven by the current value of real estate in the 98512 area. In 98512, 26.90% of households rent, and 37.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98512 is $9,046 per month. Households that rent pay about 19.14% of their income on rent here. 98512’s most expensive areas are in the western 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
- 98501, WA: equally priced homes
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- 98503, WA: less expensive homes
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- 98516, WA: higher priced homes
- 98579, WA: equally priced homes
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Zip Codes with Similar Populations
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- 22408, VA: less expensive homes
- 84084, UT: equally priced homes
- 20745, MD: less expensive homes
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