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Tacoma city, WA

ZIP 98422 — 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 98422

Median Home Value
$614,300
Median Rent
$1,864
Affordability Snapshot
$169,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,946/mo PITI).

19%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

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

27.5 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 98422 in Tacoma city, WA, a household would need roughly $169,000 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 $3,946. That is about 46% above the local median household income ($115,989), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
77.6%+19% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
97.0%+11% vs US avg
x
4+ Bedrooms
8.7%-41% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
28.0%-27% vs US avg
x
$614,300
Home Value
$1,864
Rent
1990
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 detached81.9%
  • 1-unit attached3.5%
  • 2-9 units9.1%
  • 10+ units4.8%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$614,300
Median rent$1,864
Owner-occupied77.6%
Vacant3.4%
Price-to-income5.3x
Est. income to buy$169,000