How much is a home worth in ZIP code 98203?

The typical home in 98203 is worth $651,990, based on the Zillow Home Value Index.

Are home values rising in 98203?

Home values in 98203 are down 1.0% over the past year, and up 4.6% a year over five years.

What is the typical rent in 98203?

A typical home in 98203 rents for about $2,098 a month, a gross rental yield of 3.9%.

What is the property tax rate in 98203?

The effective property tax rate in 98203 is 0.8% — roughly $4,921 a year on a typical home.

ZIP code 98203 has a population of 35,517 and a median household income of $107,376.

HousingHandbookReference data

…

U.S. ZIP Code · WA98203

Snohomish County · Seattle-Tacoma-Bellevue, WA

Typical home value

$651,990^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.0%
5-year / yr: +4.6%
10-year / yr: +7.7%

Relative price

vs U.S.: +129.5%
vs metro: -5.0%
vs state: +29.6%

Price history

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

The typical home in 98203 is worth $651,990 — 5.0% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 1.0%. Homes here rent for a typical $2,098 a month — a 3.9% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $2,098^[2]
Gross yield: 3.9%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,921^[3]

#Climate risk

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

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

#Who lives here

Population: 35,517^[3]
Median household income: $107,376^[3]

#Migration

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

Net migration: +1,395^[5]
Moved in: 23,597
Moved out: 22,202

Schools

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

Public schools: 5
Elementary: 3
Middle: 1
High: 1

Cascade High School
High · Grades 9–12 · Everett School District
1,702 students
Evergreen Middle School
Middle · Grades 6–8 · Everett School District
895 students
Lowell Elementary
Elementary · Grades PK–5 · Everett School District
543 students
View Ridge Elementary
Elementary · Grades PK–5 · Everett School District
467 students
Madison Elementary
Elementary · Grades PK–5 · Everett School District
430 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 yield3.9%

Net yield (after ~40% expenses)2.3%

Annual rent$25,170

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$3,297

Loan principal$521,592

Down payment$130,398

Total interest paid$665,262

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 ratio2.03

Monthly cost to own$4,248

Monthly rent$2,098

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: 69th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 42nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98203?: The typical home in 98203 is worth $651,990, based on the Zillow Home Value Index.
Are home values rising in 98203?: Home values in 98203 are down 1.0% over the past year, and up 4.6% a year over five years.
What is the typical rent in 98203?: A typical home in 98203 rents for about $2,098 a month, a gross rental yield of 3.9%.
What is the property tax rate in 98203?: The effective property tax rate in 98203 is 0.8% — roughly $4,921 a year on a typical home.
Who lives in 98203?: ZIP code 98203 has a population of 35,517 and a median household income of $107,376.

#Comparable ZIPs

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

98270 vs 98203 →
Marysville, WA
Typical home
$651,810
Gross yield
5.4%
98388 vs 98203 →
Steilacoom, WA
Typical home
$646,813
Gross yield
3.7%
98001
Auburn, WA
Typical home
$645,034
Gross yield
4.1%
98030
Kent, WA
Typical home
$644,822
Gross yield
3.6%
98055
Renton, WA
Typical home
$660,671
Gross yield
3.8%
98223
Sisco Heights CDP, WA
Typical home
$664,937
Gross yield
3.9%

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Pit ZIP 98203 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98203

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