HousingHandbookReference data

U.S. ZIP Code · WA98331

Jefferson County

Typical home value

$341,459[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.5%
5-year / yr
+5.7%
10-year / yr
+8.0%

Relative price

vs U.S.
+20.2%
vs metro
vs state
-32.1%
ZIP 98331 location in WA
Location of ZIP 98331 in WA

Price history

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

The typical home in 98331 is worth $341,459. Over the past year, values have risen 1.5%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$2,500[3]

#Climate risk

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

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

#Who lives here

Population
5,826[3]
Median household income
$62,135[3]

#Migration

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

Net migration
+267[5]
Moved in
1,242
Moved out
975

Schools

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

Public schools
6
Elementary
2
Middle
1
High
2
  • Insight School of Washington

    High · Grades 9–12 · Quillayute Valley School District

    2,454 students

  • Forks Elementary School

    Elementary · Grades PK–4 · Quillayute Valley School District

    416 students

  • Forks High School

    High · Grades 9–12 · Quillayute Valley School District

    281 students

  • Forks Middle School

    Middle · Grades 5–8 · Quillayute Valley School District

    260 students

  • Queets-Clearwater Elementary

    Elementary · Grades K–8 · Queets-Clearwater School District

    40 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$1,727
Loan principal$273,167
Down payment$68,292
Total interest paid$348,410

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$2,219
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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 98331?
The typical home in 98331 is worth $341,459, based on the Zillow Home Value Index.
Are home values rising in 98331?
Home values in 98331 are up 1.5% over the past year, and up 5.7% a year over five years.
What is the property tax rate in 98331?
The effective property tax rate in 98331 is 0.7% — roughly $2,500 a year on a typical home.
Who lives in 98331?
ZIP code 98331 has a population of 5,826 and a median household income of $62,135.

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