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Tacoma city, WA

ZIP 98418 — 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 98418

Median Home Value
$385,300
Median Rent
$1,297
Affordability Snapshot
$106,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,475/mo PITI).

20%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.8 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 98418 in Tacoma city, WA, a household would need roughly $106,000 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 $2,475. That is about 33% above the local median household income ($79,413), 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
66.9%+2% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
11.5%-10% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.8%-76% vs US avg
x
Mortgage-Free
14.1%-63% vs US avg
x
$385,300
Home Value
$1,297
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached77.5%
  • 1-unit attached1.3%
  • 2-9 units10.6%
  • 10+ units10.1%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$385,300
Median rent$1,297
Owner-occupied66.9%
Vacant3.8%
Price-to-income4.9x
Est. income to buy$106,000