How much is a home worth in ZIP code 98446?

The typical home in 98446 is worth $564,027, based on the Zillow Home Value Index.

Are home values rising in 98446?

Home values in 98446 are up 0.8% over the past year, and up 3.4% a year over five years.

What is the typical rent in 98446?

A typical home in 98446 rents for about $2,087 a month, a gross rental yield of 4.4%.

What is the property tax rate in 98446?

The effective property tax rate in 98446 is 0.9% — roughly $4,825 a year on a typical home.

ZIP code 98446 has a population of 14,634 and a median household income of $101,938.

HousingHandbookReference data

…

U.S. ZIP Code · WA98446

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$564,027^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +3.4%
10-year / yr: +8.1%

Relative price

vs U.S.: +98.6%
vs metro: -17.8%
vs state: +12.1%

Price history

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

The typical home in 98446 is worth $564,027 — 17.8% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have risen 0.8%. Homes here rent for a typical $2,087 a month — a 4.4% 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: $2,087^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $4,825^[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: 14,634^[3]
Median household income: $101,938^[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: 4
Middle: 0
High: 0

Clover Creek Elementary
Elementary · Grades K–5 · Bethel School District
635 students
Katherine G. Johnson Elementary School
Elementary · Grades K–5 · Bethel School District
600 students
Naches Trail Elementary
Elementary · Grades K–5 · Bethel School District
443 students
Central Avenue Elementary
Elementary · Grades K–5 · Franklin Pierce School District
345 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 yield4.4%

Net yield (after ~40% expenses)2.7%

Annual rent$25,040

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$2,852

Loan principal$451,221

Down payment$112,805

Total interest paid$575,508

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 ratio1.79

Monthly cost to own$3,726

Monthly rent$2,087

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: 82nd percentile^[2]
Property tax: 72nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98446?: The typical home in 98446 is worth $564,027, based on the Zillow Home Value Index.
Are home values rising in 98446?: Home values in 98446 are up 0.8% over the past year, and up 3.4% a year over five years.
What is the typical rent in 98446?: A typical home in 98446 rents for about $2,087 a month, a gross rental yield of 4.4%.
What is the property tax rate in 98446?: The effective property tax rate in 98446 is 0.9% — roughly $4,825 a year on a typical home.
Who lives in 98446?: ZIP code 98446 has a population of 14,634 and a median household income of $101,938.

#Comparable ZIPs

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

98360 vs 98446 →
Crocker CDP, WA
Typical home
$564,501
Gross yield
—
98424 vs 98446 →
Fife, WA
Typical home
$564,742
Gross yield
3.6%
98294
Startup CDP, WA
Typical home
$563,007
Gross yield
5.5%
98201
Everett, WA
Typical home
$562,036
Gross yield
4.1%
98327
DuPont, WA
Typical home
$561,017
Gross yield
5.8%
98047
Pacific, WA
Typical home
$559,966
Gross yield
3.7%

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Pit ZIP 98446 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98446

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