How much is a home worth in ZIP code 98204?

The typical home in 98204 is worth $575,826, based on the Zillow Home Value Index.

Are home values rising in 98204?

Home values in 98204 are down 0.1% over the past year, and up 5.5% a year over five years.

What is the typical rent in 98204?

A typical home in 98204 rents for about $1,772 a month, a gross rental yield of 3.7%.

What is the property tax rate in 98204?

The effective property tax rate in 98204 is 0.7% — roughly $4,068 a year on a typical home.

ZIP code 98204 has a population of 45,130 and a median household income of $68,513.

HousingHandbookReference data

…

U.S. ZIP Code · WA98204

Snohomish County · Seattle-Tacoma-Bellevue, WA

Typical home value

$575,826^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.1%
5-year / yr: +5.5%
10-year / yr: +8.3%

Relative price

vs U.S.: +102.7%
vs metro: -16.1%
vs state: +14.4%

Price history

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

The typical home in 98204 is worth $575,826 — 16.1% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.1%. Homes here rent for a typical $1,772 a month — a 3.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,772^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,068^[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: 45,130^[3]
Median household income: $68,513^[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: 13
Elementary: 6
Middle: 2
High: 4

Mariner High School
High · Grades 9–12 · Mukilteo School District
2,100 students
Voyager Middle School
Middle · Grades 6–8 · Mukilteo School District
906 students
Explorer Middle School
Middle · Grades 6–8 · Mukilteo School District
795 students
Challenger Elementary
Elementary · Grades PK–5 · Mukilteo School District
654 students
Olivia Park Elementary
Elementary · Grades K–5 · Mukilteo School District
587 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$21,261

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$2,912

Loan principal$460,661

Down payment$115,165

Total interest paid$587,548

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 ratio2.11

Monthly cost to own$3,732

Monthly rent$1,772

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: 87th percentile^[1]
Rental yield: 55th percentile^[2]
Property tax: 19th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98204?: The typical home in 98204 is worth $575,826, based on the Zillow Home Value Index.
Are home values rising in 98204?: Home values in 98204 are down 0.1% over the past year, and up 5.5% a year over five years.
What is the typical rent in 98204?: A typical home in 98204 rents for about $1,772 a month, a gross rental yield of 3.7%.
What is the property tax rate in 98204?: The effective property tax rate in 98204 is 0.7% — roughly $4,068 a year on a typical home.
Who lives in 98204?: ZIP code 98204 has a population of 45,130 and a median household income of $68,513.

#Comparable ZIPs

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

98354 vs 98204 →
Milton, WA
Typical home
$575,706
Gross yield
4.2%
98443 vs 98204 →
Waller CDP, WA
Typical home
$574,718
Gross yield
—
98373
South Hill CDP, WA
Typical home
$572,152
Gross yield
4.3%
98003
Federal Way, WA
Typical home
$571,110
Gross yield
3.9%
98121
Seattle, WA
Typical home
$581,750
Gross yield
5.5%
98057
Renton, WA
Typical home
$569,108
Gross yield
4.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 98204 against any other ZIP — full side-by-side table.

Compare 98204 →

#Jump to section

U.S. ZIP Code · WA98204

Get more data on ZIPs like this

Get more data on ZIPs like this