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Latest available · Census ACS 5-Year (2024)

What Is the Average Rent in ZCTA5 98498, Washington?

$1,711/month 6.7%vs 2023 ($1,604)

ZIP code · Census ACS 5-Year estimates

The median gross rent in ZCTA5 98498, Washington (ZIP 98498) is $1,711/month (±$88), based on Census ACS 5-Year estimates (2024). The median home value is $506,300 (±$29,618), and the median household income is $91,664/year. The unemployment rate in Pierce County, Washington was 5.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.

Housing Metrics for ZIP 98498

MetricValue
Median Gross Rent$1,711
Median Home Value$506,300
Median Household Income$91,664
Total Housing Units11,857
Renter-Occupied Units4,282
Renter-Occupied Share36%
Households Paying 50%+ Income901 households
Unemployment Rate(April 2026)5.4%

How does ZIP 98498 compare?

Median gross rent ranked against all ZIP codes in Washington.

Higher rent than 67% of ZIP codes in Washington · 159th of 476

Cheapest: ZCTA5 99155($423)
Priciest: ZCTA5 98592($3,501)
#ZIP codeValue
1ZCTA5 98592$3,501
1ZCTA5 98039$3,501
3ZCTA5 98075$3,312
… 155 more …
159ZCTA5 98498(you are here)$1,711
… 314 more …
474ZCTA5 99155$423
475ZCTA5 99135$393
476ZCTA5 99371$281

Geography

ZIP 98498 is in Pierce County, Washington.

It covers part of Lakewood city, Washington.

More data for ZCTA5 98498

Frequently asked questions

What is the average rent in ZCTA5 98498, Washington?

The median gross rent in ZCTA5 98498, Washington (ZIP 98498) is $1,711/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the average rent for a 2-bedroom in ZCTA5 98498, Washington?

The median rent for a 2-bedroom in ZCTA5 98498, Washington is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the median home value in ZCTA5 98498, Washington?

The median home value in ZCTA5 98498, Washington (ZIP 98498) is $506,300 according to Census ACS 5-Year estimates (2024).

What percentage of renters in ZCTA5 98498 are rent-burdened?

In ZCTA5 98498, Washington, 901 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.

What is the median household income in ZCTA5 98498, Washington?

The median household income in ZCTA5 98498, Washington is $91,664/year according to Census ACS 5-Year estimates (2024).

How reliable is Census ACS data for small areas?

The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,711 has a margin of error of ±$88. In very small areas, MOEs can be large relative to the estimate.

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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. Data from the American Community Survey (ACS) 5-Year Estimates, public domain.