ZIP comparison · Seattle-Tacoma-Bellevue, WA
98023 vs 98406
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP98023Federal Way, WA | ZIP98406Tacoma, WA |
|---|---|---|
| Home value | ||
| Typical home value | Better: $622,819 | $620,149 |
| 1-year appreciation | -2.2% | Better: -0.5% |
| 5-year CAGR | Better: +3.5% | +3.2% |
| 10-year CAGR | +7.2% | Better: +7.5% |
| Rent & investment | ||
| Monthly rent | $1,980 | Better: $1,794 |
| Gross yield | Better: 3.8% | 3.5% |
| Cap rate | Better: 2.3% | 2.1% |
| Property tax | ||
| Effective tax rate | Better: 0.8% | 0.8% |
| Typical annual tax | Better: $5,177 | $5,201 |
| Demographics | ||
| Population | 50,448 | 24,202 |
| Median household income | Better: $104,893 | $104,264 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Very High | Relatively High |
| Net migration | -1,324 | Better: +1,117 |
| Schools | ||
| Public schools | 14 | 9 |
| Students enrolled | 5,926 | 3,381 |