How much is a home worth in ZIP code 98372?

The typical home in 98372 is worth $632,850, based on the Zillow Home Value Index.

Are home values rising in 98372?

Home values in 98372 are down 0.6% over the past year, and up 3.4% a year over five years.

What is the typical rent in 98372?

A typical home in 98372 rents for about $1,950 a month, a gross rental yield of 3.7%.

What is the property tax rate in 98372?

The effective property tax rate in 98372 is 0.9% — roughly $5,534 a year on a typical home.

ZIP code 98372 has a population of 26,012 and a median household income of $98,152.

HousingHandbookReference data

…

U.S. ZIP Code · WA98372

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$632,850^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +3.4%
10-year / yr: +7.4%

Relative price

vs U.S.: +122.8%
vs metro: -7.8%
vs state: +25.8%

Price history

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

The typical home in 98372 is worth $632,850 — 7.8% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,950 a month — a 3.7% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,950^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $5,534^[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: 26,012^[3]
Median household income: $98,152^[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: 8
Elementary: 5
Middle: 2
High: 1

Kalles Junior High
Middle · Grades 7–9 · Puyallup School District
799 students
Shaw Road Elementary
Elementary · Grades K–6 · Puyallup School District
616 students
Edgemont Jr High
Middle · Grades 6–9 · Puyallup School District
546 students
Hedden Elementary School
Elementary · Grades 3–5 · Fife School District
475 students
Stewart Elementary
Elementary · Grades PK–6 · Puyallup School District
319 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$23,399

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$3,200

Loan principal$506,280

Down payment$126,570

Total interest paid$645,733

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 ratio2.15

Monthly cost to own$4,186

Monthly rent$1,950

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: 42nd percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 82nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98372?: The typical home in 98372 is worth $632,850, based on the Zillow Home Value Index.
Are home values rising in 98372?: Home values in 98372 are down 0.6% over the past year, and up 3.4% a year over five years.
What is the typical rent in 98372?: A typical home in 98372 rents for about $1,950 a month, a gross rental yield of 3.7%.
What is the property tax rate in 98372?: The effective property tax rate in 98372 is 0.9% — roughly $5,534 a year on a typical home.
Who lives in 98372?: ZIP code 98372 has a population of 26,012 and a median household income of $98,152.

#Comparable ZIPs

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

98371 vs 98372 →
Puyallup, WA
Typical home
$632,333
Gross yield
3.8%
98466 vs 98372 →
University Place, WA
Typical home
$633,716
Gross yield
3.7%
98580
South Creek CDP, WA
Typical home
$631,625
Gross yield
—
98407
Tacoma, WA
Typical home
$636,255
Gross yield
3.9%
98351
Longbranch CDP, WA
Typical home
$623,183
Gross yield
—
98023
Federal Way, WA
Typical home
$622,819
Gross yield
3.8%

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Compare ZIPs

Pit ZIP 98372 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98372

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