HousingHandbookReference data

U.S. ZIP Code · WA98321

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$668,941[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.8%
5-year / yr
+3.7%
10-year / yr
+7.5%

Relative price

vs U.S.
+135.5%
vs metro
-2.5%
vs state
+32.9%
ZIP 98321 location in WA
Location of ZIP 98321 in WA

Price history

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

The typical home in 98321 is worth $668,941 — 2.5% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.8%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$5,432[3]

#Climate risk

FEMA National Risk Index ratings for Pierce 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
Relatively Low
Drought
Very Low
Heat wave
Relatively High
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Relatively High
Winter weather
Relatively Moderate

#Who lives here

Population
18,150[3]
Median household income
$127,411[3]

#Migration

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

Net migration
+1,117[5]
Moved in
28,662
Moved out
27,545

Schools

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

Public schools
9
Elementary
5
Middle
1
High
2
  • White River High School

    High · Grades 9–12 · White River School District

    1,351 students

  • Glacier Middle School

    Middle · Grades 6–8 · White River School District

    960 students

  • Elk Ridge Elementary

    Elementary · Grades PK–5 · White River School District

    570 students

  • Foothills Elementary

    Elementary · Grades 1–5 · White River School District

    499 students

  • White River Early Learning Center

    Elementary · Grades PK–K · White River School District

    411 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$3,383
Loan principal$535,153
Down payment$133,788
Total interest paid$682,558

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.

Own : rent ratio
Monthly cost to own$4,392
Monthly rent

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
53rd percentile[1]
Rental yield
[2]
Property tax
60th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98321?
The typical home in 98321 is worth $668,941, based on the Zillow Home Value Index.
Are home values rising in 98321?
Home values in 98321 are down 0.8% over the past year, and up 3.7% a year over five years.
What is the property tax rate in 98321?
The effective property tax rate in 98321 is 0.8% — roughly $5,432 a year on a typical home.
Who lives in 98321?
ZIP code 98321 has a population of 18,150 and a median household income of $127,411.

#Comparable ZIPs

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

  • Bryn Mawr-Skyway CDP, WA

    Typical home
    $672,509
    Gross yield
    3.7%
  • Sisco Heights CDP, WA

    Typical home
    $664,937
    Gross yield
    3.9%
  • Seattle, WA

    Typical home
    $676,373
    Gross yield
    4.1%
  • Renton, WA

    Typical home
    $660,671
    Gross yield
    3.8%
  • Kent, WA

    Typical home
    $680,519
    Gross yield
    3.7%
  • Auburn, WA

    Typical home
    $682,285
    Gross yield
    3.5%

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

Compare ZIPs

Pit ZIP 98321 against any other ZIP — full side-by-side table.

Compare 98321

#Jump to section