HousingHandbookReference data

U.S. ZIP Code · WA98837

Grant County

Typical home value

$366,073[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.0%
5-year / yr
+4.9%
10-year / yr
+7.3%

Relative price

vs U.S.
+28.9%
vs metro
vs state
-27.2%
ZIP 98837 location in WA
Location of ZIP 98837 in WA

Price history

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

The typical home in 98837 is worth $366,073. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,460 a month — a 4.8% 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
$1,460[2]
Gross yield
4.8%[2]
Cap rate
2.9%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$2,820[3]

#Climate risk

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

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

#Who lives here

Population
49,455[3]
Median household income
$74,586[3]

#Migration

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

Net migration
+91[5]
Moved in
2,402
Moved out
2,311

Schools

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

Public schools
20
Elementary
11
Middle
3
High
5
  • Moses Lake High School

    High · Grades 9–12 · Moses Lake School District

    1,979 students

  • Columbia Middle School

    Middle · Grades 6–8 · Moses Lake School District

    871 students

  • Frontier Middle School

    Middle · Grades 6–8 · Moses Lake School District

    721 students

  • Park Orchard Elementary School

    Elementary · Grades K–5 · Moses Lake School District

    451 students

  • Vicki I. Groff Elementary School

    Elementary · Grades K–5 · Moses Lake School District

    451 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 yield4.8%
Net yield (after ~40% expenses)2.9%
Annual rent$17,524

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$1,851
Loan principal$292,859
Down payment$73,215
Total interest paid$373,525

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 ratio1.64
Monthly cost to own$2,391
Monthly rent$1,460

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 98837?
The typical home in 98837 is worth $366,073, based on the Zillow Home Value Index.
Are home values rising in 98837?
Home values in 98837 are up 1.0% over the past year, and up 4.9% a year over five years.
What is the typical rent in 98837?
A typical home in 98837 rents for about $1,460 a month, a gross rental yield of 4.8%.
What is the property tax rate in 98837?
The effective property tax rate in 98837 is 0.8% — roughly $2,820 a year on a typical home.
Who lives in 98837?
ZIP code 98837 has a population of 49,455 and a median household income of $74,586.

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