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Three Lakes CDP, WA

ZIP 98290 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98290

Median Home Value
$717,600
Median Rent
$1,462
Affordability Snapshot
$198,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,610/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

40.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98290 in Three Lakes CDP, WA, a household would need roughly $198,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,610. That is about 53% above the local median household income ($129,656), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.5%+25% vs US avg
x
Vacancy Rate
5.4%-48% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
2.5%-64% vs US avg
x
Rent Burden >30%
16.6%-67% vs US avg
x
Mortgage-Free
29.5%-23% vs US avg
x
$717,600
Home Value
$1,462
Rent
1986
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached80.4%
  • 1-unit attached2.2%
  • 2-9 units7.2%
  • 10+ units3.8%
  • Mobile home & other6.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$717,600
Median rent$1,462
Owner-occupied81.5%
Vacant5.4%
Price-to-income5.5x
Est. income to buy$198,000