How much is a home worth in ZIP code 98498?

The typical home in 98498 is worth $547,922, based on the Zillow Home Value Index.

Are home values rising in 98498?

Home values in 98498 are down 0.6% over the past year, and up 3.2% a year over five years.

What is the typical rent in 98498?

A typical home in 98498 rents for about $1,713 a month, a gross rental yield of 3.8%.

What is the property tax rate in 98498?

The effective property tax rate in 98498 is 0.8% — roughly $4,379 a year on a typical home.

ZIP code 98498 has a population of 29,209 and a median household income of $91,664.

HousingHandbookReference data

…

U.S. ZIP Code · WA98498

Pierce County · Seattle-Tacoma-Bellevue, WA

Typical home value

$547,922^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +3.2%
10-year / yr: +7.6%

Relative price

vs U.S.: +92.9%
vs metro: -20.1%
vs state: +8.9%

Price history

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

The typical home in 98498 is worth $547,922 — 20.1% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,713 a month — a 3.8% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,713^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,379^[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: 29,209^[3]
Median household income: $91,664^[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: 15
Elementary: 6
Middle: 3
High: 5

Lakes High School
High · Grades 9–12 · Clover Park School District
1,195 students
Thomas Middle School
Middle · Grades 6–8 · Clover Park School District
980 students
Hudtloff Middle School
Middle · Grades 6–8 · Clover Park School District
586 students
Lake Louise Elementary School
Elementary · Grades PK–5 · Clover Park School District
503 students
Idlewild Elementary School
Elementary · Grades PK–5 · Clover Park School District
435 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 yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$20,556

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$2,771

Loan principal$438,338

Down payment$109,584

Total interest paid$559,075

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 ratio2.10

Monthly cost to own$3,592

Monthly rent$1,713

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: 39th percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 54th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98498?: The typical home in 98498 is worth $547,922, based on the Zillow Home Value Index.
Are home values rising in 98498?: Home values in 98498 are down 0.6% over the past year, and up 3.2% a year over five years.
What is the typical rent in 98498?: A typical home in 98498 rents for about $1,713 a month, a gross rental yield of 3.8%.
What is the property tax rate in 98498?: The effective property tax rate in 98498 is 0.8% — roughly $4,379 a year on a typical home.
Who lives in 98498?: ZIP code 98498 has a population of 29,209 and a median household income of $91,664.

#Comparable ZIPs

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

98032 vs 98498 →
Kent, WA
Typical home
$544,745
Gross yield
4.2%
98104 vs 98498 →
Seattle, WA
Typical home
$553,576
Gross yield
4.5%
98375
South Hill CDP, WA
Typical home
$554,201
Gross yield
6.0%
98349
Longbranch CDP, WA
Typical home
$538,763
Gross yield
—
98047
Pacific, WA
Typical home
$559,966
Gross yield
3.7%
98327
DuPont, WA
Typical home
$561,017
Gross yield
5.8%

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Pit ZIP 98498 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98498

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