HousingHandbookReference data

U.S. ZIP Code · WA98349

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$538,763[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.9%
5-year / yr
+2.8%
10-year / yr
+7.7%

Relative price

vs U.S.
+89.7%
vs metro
-21.5%
vs state
+7.1%
ZIP 98349 location in WA
Location of ZIP 98349 in WA

Price history

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

The typical home in 98349 is worth $538,763 — 21.5% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 1.9%. 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
$3,878[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
4,931[3]
Median household income
$75,875[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
2
Elementary
1
Middle
1
High
0
  • Key Peninsula Middle School

    Middle · Grades 6–8 · Peninsula School District

    462 students

  • Evergreen Elementary

    Elementary · Grades PK–5 · Peninsula School District

    330 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$2,724
Loan principal$431,011
Down payment$107,753
Total interest paid$549,730

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$3,497
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
24th percentile[1]
Rental yield
[2]
Property tax
25th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98349?
The typical home in 98349 is worth $538,763, based on the Zillow Home Value Index.
Are home values rising in 98349?
Home values in 98349 are down 1.9% over the past year, and up 2.8% a year over five years.
What is the property tax rate in 98349?
The effective property tax rate in 98349 is 0.7% — roughly $3,878 a year on a typical home.
Who lives in 98349?
ZIP code 98349 has a population of 4,931 and a median household income of $75,875.

#Comparable ZIPs

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

  • Kent, WA

    Typical home
    $544,745
    Gross yield
    4.2%
  • Lakewood, WA

    Typical home
    $547,922
    Gross yield
    3.8%
  • Seattle, WA

    Typical home
    $553,576
    Gross yield
    4.5%
  • South Hill CDP, WA

    Typical home
    $554,201
    Gross yield
    6.0%
  • Carbonado, WA

    Typical home
    $519,171
    Gross yield
  • Pacific, WA

    Typical home
    $559,966
    Gross yield
    3.7%

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