HousingHandbookReference data

U.S. ZIP Code · WA98403

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$711,171[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.5%
5-year / yr
+2.9%
10-year / yr
+7.1%

Relative price

vs U.S.
+150.4%
vs metro
+3.7%
vs state
+41.3%
ZIP 98403 location in WA
Location of ZIP 98403 in WA

Price history

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

The typical home in 98403 is worth $711,171 — 3.7% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $1,671 a month — a 2.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
$1,671[2]
Gross yield
2.8%[2]
Cap rate
1.7%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$6,956[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
9,097[3]
Median household income
$88,056[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
3
Elementary
1
Middle
1
High
1
  • Stadium High School

    High · Grades 9–12 · Tacoma School District

    1,609 students

  • Hilltop Heritage Middle School

    Middle · Grades 6–8 · Tacoma School District

    479 students

  • Lowell Elementary School

    Elementary · Grades K–5 · Tacoma School District

    333 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 yield2.8%
Net yield (after ~40% expenses)1.7%
Annual rent$20,048

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$3,596
Loan principal$568,937
Down payment$142,234
Total interest paid$725,648

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 ratio2.85
Monthly cost to own$4,770
Monthly rent$1,671

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
27th percentile[1]
Rental yield
22nd percentile[2]
Property tax
98th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98403?
The typical home in 98403 is worth $711,171, based on the Zillow Home Value Index.
Are home values rising in 98403?
Home values in 98403 are down 0.5% over the past year, and up 2.9% a year over five years.
What is the typical rent in 98403?
A typical home in 98403 rents for about $1,671 a month, a gross rental yield of 2.8%.
What is the property tax rate in 98403?
The effective property tax rate in 98403 is 1.0% — roughly $6,956 a year on a typical home.
Who lives in 98403?
ZIP code 98403 has a population of 9,097 and a median household income of $88,056.

#Comparable ZIPs

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

  • Lake Morton-Berrydale CDP, WA

    Typical home
    $712,613
    Gross yield
    3.9%
  • Seattle, WA

    Typical home
    $704,356
    Gross yield
    3.6%
  • Kayak Point CDP, WA

    Typical home
    $720,790
    Gross yield
    3.3%
  • Lake Stevens, WA

    Typical home
    $721,121
    Gross yield
    4.7%
  • Mountlake Terrace, WA

    Typical home
    $698,920
    Gross yield
    3.6%
  • Burien, WA

    Typical home
    $696,542
    Gross yield
    3.3%

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