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Affordable
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These days, finding an affordable place to live in the 98616 area can be challenging. Home prices in 98616 are now at a median cost of $418,814, lower than the Washington average of $621,115.
The average cost of rent is $1,024/mo in 98616, primarily driven by the current value of real estate in the 98616 area. In 98616, 19.17% of households rent, and 30.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98616 is $5,488 per month. Households that rent pay about 18.65% of their income on rent here. 98616’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 98603, WA: equally priced homes
- 98601, WA: higher priced homes
- 98674, WA: higher priced homes
- 98625, WA: higher priced homes
- 98609, WA: equally priced homes
- 98626, WA: less expensive homes
- 97054, OR: equally priced homes
- 97048, OR: equally priced homes
- 98632, WA: less expensive homes
- 98650, WA: higher priced homes
Zip Codes with Similar Populations
- 36513, AL: less expensive homes
- 84775, UT: equally priced homes
- 84762, UT: equally priced homes
- 84715, UT: equally priced homes
- 43939, OH: less expensive homes
- 41204, KY: less expensive homes
- 41146, KY: less expensive homes
- 38928, MS: less expensive homes
- 38722, MS: less expensive homes
- 38333, TN: less expensive homes
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