How much is a home worth in ZIP code 98055?

The typical home in 98055 is worth $660,671, based on the Zillow Home Value Index.

Are home values rising in 98055?

Home values in 98055 are down 2.6% over the past year, and up 3.8% a year over five years.

What is the typical rent in 98055?

A typical home in 98055 rents for about $2,070 a month, a gross rental yield of 3.8%.

What is the property tax rate in 98055?

The effective property tax rate in 98055 is 1.0% — roughly $6,330 a year on a typical home.

ZIP code 98055 has a population of 24,660 and a median household income of $97,224.

HousingHandbookReference data

…

U.S. ZIP Code · WA98055

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$660,671^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +3.8%
10-year / yr: +7.0%

Relative price

vs U.S.: +132.6%
vs metro: -3.7%
vs state: +31.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98055 is worth $660,671 — 3.7% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $2,070 a month — a 3.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,070^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $6,330^[3]

#Climate risk

FEMA National Risk Index ratings for King County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Very High
Winter weather: Relatively High

#Who lives here

Population: 24,660^[3]
Median household income: $97,224^[3]

#Migration

Household moves in and out of King County over a year, from IRS tax-return data.

Net migration: -1,324^[5]
Moved in: 67,282
Moved out: 68,606

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 1
Middle: 1
High: 2

Renton Senior High School
High · Grades 9–12 · Renton School District
1,250 students
Nelsen Middle School
Middle · Grades 6–8 · Renton School District
882 students
Talbot Hill Elementary School
Elementary · Grades K–5 · Renton School District
418 students
H.O.M.E. Program
Other · Grades K–12 · Renton School District
137 students
Open Door Youth Reengagement
High · Grades 11–12 · Renton School District
42 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$24,836

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,341

Loan principal$528,537

Down payment$132,134

Total interest paid$674,120

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.14

Monthly cost to own$4,420

Monthly rent$2,070

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 56th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 96th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98055?: The typical home in 98055 is worth $660,671, based on the Zillow Home Value Index.
Are home values rising in 98055?: Home values in 98055 are down 2.6% over the past year, and up 3.8% a year over five years.
What is the typical rent in 98055?: A typical home in 98055 rents for about $2,070 a month, a gross rental yield of 3.8%.
What is the property tax rate in 98055?: The effective property tax rate in 98055 is 1.0% — roughly $6,330 a year on a typical home.
Who lives in 98055?: ZIP code 98055 has a population of 24,660 and a median household income of $97,224.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

98223 vs 98055 →
Sisco Heights CDP, WA
Typical home
$664,937
Gross yield
3.9%
98321 vs 98055 →
Buckley, WA
Typical home
$668,941
Gross yield
—
98203
Everett, WA
Typical home
$651,990
Gross yield
3.9%
98270
Marysville, WA
Typical home
$651,810
Gross yield
5.4%
98178
Bryn Mawr-Skyway CDP, WA
Typical home
$672,509
Gross yield
3.7%
98388
Steilacoom, WA
Typical home
$646,813
Gross yield
3.7%

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Pit ZIP 98055 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98055

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