US5.com
  1. Home
  2. States
  3. Washington
  4. ZIP 98409
  5. Housing & Real Estate
Tacoma city, WA

ZIP 98409 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98409

Median Home Value
$363,000
Median Rent
$1,383
Affordability Snapshot
$100,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,332/mo PITI).

23%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

21.9 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 98409 in Tacoma city, WA, a household would need roughly $100,000 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 $2,332. That is about 40% above the local median household income ($71,649), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
43.5%-33% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
8.0%-37% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
22.1%-42% vs US avg
x
$363,000
Home Value
$1,383
Rent
1974
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached49.3%
  • 1-unit attached4.6%
  • 2-9 units22.7%
  • 10+ units22.8%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$363,000
Median rent$1,383
Owner-occupied43.5%
Vacant3.6%
Price-to-income5.1x
Est. income to buy$100,000