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These days, finding an affordable place to live in the 98816 area can be challenging. Home prices in 98816 are now at a median cost of $567,732, lower than the Washington average of $621,115.
The average cost of rent is $1,011/mo in 98816, primarily driven by the current value of real estate in the 98816 area. In 98816, 33.32% of households rent, and 54.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98816 is $7,053 per month. Households that rent pay about 14.33% of their income on rent here. 98816’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 98817, WA: equally priced homes
- 98831, WA: higher priced homes
- 98843, WA: higher priced homes
- 98822, WA: less expensive homes
- 98811, WA: less expensive homes
- 98830, WA: less expensive homes
- 99123, WA: less expensive homes
- 99133, WA: less expensive homes
- 99116, WA: less expensive homes
- 99124, WA: less expensive homes
Zip Codes with Similar Populations
- 03042, NH: less expensive homes
- 03811, NH: equally priced homes
- 05855, VT: less expensive homes
- 06370, CT: less expensive homes
- 06422, CT: less expensive homes
- 06807, CT: higher priced homes
- 07092, NJ: higher priced homes
- 07421, NJ: less expensive homes
- 77859, TX: less expensive homes
- 10595, NY: higher priced homes
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