HousingHandbookReference data

U.S. ZIP Code · WA98422

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$683,201[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.7%
5-year / yr
+3.4%
10-year / yr
+7.2%

Relative price

vs U.S.
+140.5%
vs metro
≈ metro median
vs state
+35.8%
ZIP 98422 location in WA
Location of ZIP 98422 in WA

Price history

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

The typical home in 98422 is worth $683,201. Over the past year, values have fallen 0.7%. Homes here rent for a typical $2,243 a month — a 3.9% 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
$2,243[2]
Gross yield
3.9%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$6,292[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
21,644[3]
Median household income
$118,604[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
4
Elementary
3
Middle
1
High
0
  • Meeker Middle School

    Middle · Grades 6–8 · Tacoma School District

    584 students

  • Crescent Heights Elementary School

    Elementary · Grades PK–5 · Tacoma School District

    496 students

  • Browns Point Elementary School

    Elementary · Grades K–5 · Tacoma School District

    418 students

  • N.E. Tacoma Elementary School

    Elementary · Grades PK–5 · Tacoma School District

    395 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 yield3.9%
Net yield (after ~40% expenses)2.4%
Annual rent$26,922

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$3,455
Loan principal$546,561
Down payment$136,640
Total interest paid$697,108

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 ratio2.03
Monthly cost to own$4,548
Monthly rent$2,243

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
45th percentile[1]
Rental yield
68th percentile[2]
Property tax
92nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 98422?
The typical home in 98422 is worth $683,201, based on the Zillow Home Value Index.
Are home values rising in 98422?
Home values in 98422 are down 0.7% over the past year, and up 3.4% a year over five years.
What is the typical rent in 98422?
A typical home in 98422 rents for about $2,243 a month, a gross rental yield of 3.9%.
What is the property tax rate in 98422?
The effective property tax rate in 98422 is 0.9% — roughly $6,292 a year on a typical home.
Who lives in 98422?
ZIP code 98422 has a population of 21,644 and a median household income of $118,604.

#Comparable ZIPs

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

  • Auburn, WA

    Typical home
    $682,285
    Gross yield
    3.5%
  • Enumclaw, WA

    Typical home
    $684,861
    Gross yield
    3.9%
  • Kent, WA

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

    Typical home
    $685,961
    Gross yield
    3.2%
  • Lake Tapps CDP, WA

    Typical home
    $686,166
    Gross yield
    5.0%
  • Seattle, WA

    Typical home
    $676,373
    Gross yield
    4.1%

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

Compare ZIPs

Pit ZIP 98422 against any other ZIP — full side-by-side table.

Compare 98422

#Jump to section