How much is a home worth in ZIP code 98294?

The typical home in 98294 is worth $563,007, based on the Zillow Home Value Index.

Are home values rising in 98294?

Home values in 98294 are down 0.0% over the past year, and up 4.1% a year over five years.

What is the typical rent in 98294?

A typical home in 98294 rents for about $2,574 a month, a gross rental yield of 5.5%.

What is the property tax rate in 98294?

The effective property tax rate in 98294 is 0.7% — roughly $3,894 a year on a typical home.

ZIP code 98294 has a population of 7,963 and a median household income of $96,676.

HousingHandbookReference data

…

U.S. ZIP Code · WA98294

Snohomish County · Seattle-Tacoma-Bellevue, WA

Typical home value

$563,007^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: 0.0%
5-year / yr: +4.1%
10-year / yr: +8.0%

Relative price

vs U.S.: +98.2%
vs metro: -17.9%
vs state: +11.9%

Price history

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

The typical home in 98294 is worth $563,007 — 17.9% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.0%. Homes here rent for a typical $2,574 a month — a 5.5% 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: $2,574^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,894^[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: 7,963^[3]
Median household income: $96,676^[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: 6
Elementary: 1
Middle: 1
High: 2

Sultan Elementary School
Elementary · Grades K–5 · Sultan School District
619 students
Sultan Senior High School
High · Grades 9–12 · Sultan School District
597 students
Sultan Middle School
Middle · Grades 6–8 · Sultan School District
417 students
Sky Valley Options
High · Grades 9–12 · Sultan School District
38 students
Sultan Virtual Academy
Other · Grades K–12 · Sultan School District
33 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$30,885

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$2,847

Loan principal$450,405

Down payment$112,601

Total interest paid$574,467

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 ratio1.41

Monthly cost to own$3,640

Monthly rent$2,574

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: 59th percentile^[1]
Rental yield: 96th percentile^[2]
Property tax: 14th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98294?: The typical home in 98294 is worth $563,007, based on the Zillow Home Value Index.
Are home values rising in 98294?: Home values in 98294 are down 0.0% over the past year, and up 4.1% a year over five years.
What is the typical rent in 98294?: A typical home in 98294 rents for about $2,574 a month, a gross rental yield of 5.5%.
What is the property tax rate in 98294?: The effective property tax rate in 98294 is 0.7% — roughly $3,894 a year on a typical home.
Who lives in 98294?: ZIP code 98294 has a population of 7,963 and a median household income of $96,676.

#Comparable ZIPs

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

98201 vs 98294 →
Everett, WA
Typical home
$562,036
Gross yield
4.1%
98446 vs 98294 →
Clover Creek CDP, WA
Typical home
$564,027
Gross yield
4.4%
98360
Crocker CDP, WA
Typical home
$564,501
Gross yield
—
98424
Fife, WA
Typical home
$564,742
Gross yield
3.6%
98327
DuPont, WA
Typical home
$561,017
Gross yield
5.8%
98047
Pacific, WA
Typical home
$559,966
Gross yield
3.7%

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

Compare ZIPs

Pit ZIP 98294 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98294

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