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Puget Island CDP, WA

ZIP 98612 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98612

Median Home Value
$373,300
Median Rent
$892
Affordability Snapshot
$103,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,398/mo PITI).

18%
Rent-to-Income Ratio

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

6.3x
Home Price-to-Income Ratio

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

34.9 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 98612 in Puget Island CDP, WA, a household would need roughly $103,000 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 $2,398. That is about 74% above the local median household income ($59,157), 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
84.2%+29% vs US avg
x
Vacancy Rate
5.6%-46% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
39.9%-20% vs US avg
x
Mortgage-Free
60.4%+58% vs US avg
x
$373,300
Home Value
$892
Rent
1984
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached80.7%
  • 1-unit attached0.5%
  • 2-9 units1.8%
  • 10+ units0.9%
  • Mobile home & other16.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$373,300
Median rent$892
Owner-occupied84.2%
Vacant5.6%
Price-to-income6.3x
Est. income to buy$103,000