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These days, finding an affordable place to live in the 98531 area can be challenging. Home prices in 98531 are now at a median cost of $354,052, lower than the Washington average of $621,115.
The average cost of rent is $1,180/mo in 98531, primarily driven by the current value of real estate in the 98531 area. In 98531, 33.88% of households rent, and 41.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98531 is $5,916 per month. Households that rent pay about 19.94% of their income on rent here. 98531’s most expensive areas are in the southeastern 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
- 98544, WA: higher priced homes
- 98530, WA: less expensive homes
- 98532, WA: higher priced homes
- 98579, WA: higher priced homes
- 98589, WA: higher priced homes
- 98568, WA: equally priced homes
- 98576, WA: higher priced homes
- 98577, WA: less expensive homes
- 98330, WA: equally priced homes
- 98355, WA: higher priced homes
Zip Codes with Similar Populations
- 97212, OR: higher priced homes
- 91932, CA: higher priced homes
- 92211, CA: higher priced homes
- 35160, AL: less expensive homes
- 34652, FL: less expensive homes
- 33916, FL: less expensive homes
- 29646, SC: less expensive homes
- 29420, SC: equally priced homes
- 29036, SC: higher priced homes
- 27262, NC: less expensive homes
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