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These days, finding an affordable place to live in the 98940 area can be challenging. Home prices in 98940 are now at a median cost of $736,833, higher than the Washington average of $621,115.
The average cost of rent is $1,356/mo in 98940, primarily driven by the current value of real estate in the 98940 area. In 98940, 9.69% of households rent, and 45.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 98940 is $7,962 per month. Households that rent pay about 17.03% of their income on rent here. 98940’s most expensive areas are in the central 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
- 98941, WA: equally priced homes
- 98925, WA: equally priced homes
- 98943, WA: less expensive homes
- 98922, WA: less expensive homes
- 98828, WA: less expensive homes
- 98051, WA: equally priced homes
- 98850, WA: less expensive homes
- 98022, WA: less expensive homes
- 98010, WA: equally priced homes
- 98038, WA: equally priced homes
Zip Codes with Similar Populations
- 87037, NM: less expensive homes
- 23874, VA: less expensive homes
- 26269, WV: less expensive homes
- 28006, NC: less expensive homes
- 29469, SC: less expensive homes
- 29922, SC: less expensive homes
- 31077, GA: less expensive homes
- 36205, AL: less expensive homes
- 83610, ID: less expensive homes
- 84525, UT: less expensive homes
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