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These days, finding an affordable place to live in the 98542 area can be challenging. Home prices in 98542 are now at a median cost of $421,860, lower than the Washington average of $621,115.
The average cost of rent is $633/mo in 98542, primarily driven by the current value of real estate in the 98542 area. In 98542, 18.96% of households rent, and 49.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98542 is $7,838 per month. Households that rent pay about 8.08% of their income on rent here. 98542’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
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Zip Codes with Similar Populations
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