How much is a home worth in ZIP code 98275?

The typical home in 98275 is worth $938,859, based on the Zillow Home Value Index.

Are home values rising in 98275?

Home values in 98275 are down 1.9% over the past year, and up 5.3% a year over five years.

What is the typical rent in 98275?

A typical home in 98275 rents for about $2,241 a month, a gross rental yield of 2.9%.

What is the property tax rate in 98275?

The effective property tax rate in 98275 is 0.6% — roughly $5,655 a year on a typical home.

ZIP code 98275 has a population of 21,323 and a median household income of $132,861.

HousingHandbookReference data

…

U.S. ZIP Code · WA98275

Snohomish County · Seattle-Tacoma-Bellevue, WA

Typical home value

$938,859^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.9%
5-year / yr: +5.3%
10-year / yr: +7.2%

Relative price

vs U.S.: +230.5%
vs metro: +36.8%
vs state: +86.6%

Price history

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

The typical home in 98275 is worth $938,859 — 36.8% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 1.9%. Homes here rent for a typical $2,241 a month — a 2.9% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $2,241^[2]
Gross yield: 2.9%^[2]
Cap rate: 1.7%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $5,655^[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: 21,323^[3]
Median household income: $132,861^[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: 7
Elementary: 3
Middle: 2
High: 1

Kamiak High School
High · Grades 9–12 · Mukilteo School District
2,382 students
Olympic View Middle School
Middle · Grades 6–8 · Mukilteo School District
830 students
Harbour Pointe Middle School
Middle · Grades 6–8 · Mukilteo School District
804 students
Columbia Elementary
Elementary · Grades PK–5 · Mukilteo School District
593 students
Mukilteo Elementary
Elementary · Grades K–5 · Mukilteo School District
516 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 yield2.9%

Net yield (after ~40% expenses)1.7%

Annual rent$26,895

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$4,747

Loan principal$751,087

Down payment$187,772

Total interest paid$957,970

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 ratio2.68

Monthly cost to own$5,999

Monthly rent$2,241

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: 86th percentile^[1]
Rental yield: 24th percentile^[2]
Property tax: 1st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98275?: The typical home in 98275 is worth $938,859, based on the Zillow Home Value Index.
Are home values rising in 98275?: Home values in 98275 are down 1.9% over the past year, and up 5.3% a year over five years.
What is the typical rent in 98275?: A typical home in 98275 rents for about $2,241 a month, a gross rental yield of 2.9%.
What is the property tax rate in 98275?: The effective property tax rate in 98275 is 0.6% — roughly $5,655 a year on a typical home.
Who lives in 98275?: ZIP code 98275 has a population of 21,323 and a median household income of $132,861.

#Comparable ZIPs

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

98103 vs 98275 →
Seattle, WA
Typical home
$937,500
Gross yield
2.8%
98070 vs 98275 →
Vashon CDP, WA
Typical home
$923,506
Gross yield
—
98136
Seattle, WA
Typical home
$957,351
Gross yield
2.7%
98051
Ravensdale CDP, WA
Typical home
$906,139
Gross yield
—
98019
Duvall, WA
Typical home
$977,629
Gross yield
4.5%
98059
East Renton Highlands CDP, WA
Typical home
$984,230
Gross yield
2.9%

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

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Pit ZIP 98275 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98275

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