HousingHandbookReference data

U.S. ZIP Code · WA98531

Lewis County

Typical home value

$397,364[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.1%
5-year / yr
+4.6%
10-year / yr
+9.4%

Relative price

vs U.S.
+39.9%
vs metro
vs state
-21.0%
ZIP 98531 location in WA
Location of ZIP 98531 in WA

Price history

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

The typical home in 98531 is worth $397,364. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,364 a month — a 4.1% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
$1,364[2]
Gross yield
4.1%[2]
Cap rate
2.5%[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$2,954[3]

#Climate risk

FEMA National Risk Index ratings for Lewis County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Very Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Moderate
Winter weather
Relatively Low

#Who lives here

Population
27,337[3]
Median household income
$63,406[3]

#Migration

Household moves in and out of Lewis County over a year, from IRS tax-return data.

Net migration
+351[5]
Moved in
2,437
Moved out
2,086

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
9
Elementary
5
Middle
1
High
2
  • Centralia High School

    High · Grades 9–12 · Centralia School District

    993 students

  • Centralia Middle School

    Middle · Grades 7–8 · Centralia School District

    528 students

  • Fords Prairie Elementary

    Elementary · Grades K–6 · Centralia School District

    444 students

  • Jefferson Lincoln Elementary

    Elementary · Grades K–6 · Centralia School District

    392 students

  • Oakview Elementary School

    Elementary · Grades K–6 · Centralia School District

    343 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 yield4.1%
Net yield (after ~40% expenses)2.5%
Annual rent$16,365

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$2,009
Loan principal$317,892
Down payment$79,473
Total interest paid$405,453

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 ratio1.90
Monthly cost to own$2,585
Monthly rent$1,364

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 98531?
The typical home in 98531 is worth $397,364, based on the Zillow Home Value Index.
Are home values rising in 98531?
Home values in 98531 are up 2.1% over the past year, and up 4.6% a year over five years.
What is the typical rent in 98531?
A typical home in 98531 rents for about $1,364 a month, a gross rental yield of 4.1%.
What is the property tax rate in 98531?
The effective property tax rate in 98531 is 0.7% — roughly $2,954 a year on a typical home.
Who lives in 98531?
ZIP code 98531 has a population of 27,337 and a median household income of $63,406.

Compare ZIPs

Pit ZIP 98531 against any other ZIP — full side-by-side table.

Compare 98531

#Jump to section