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Terrace Heights CDP, WA

ZIP 98901 — 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 98901

Median Home Value
$268,100
Median Rent
$842
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,722/mo PITI).

18%
Rent-to-Income Ratio

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

4.8x
Home Price-to-Income Ratio

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

26.5 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 98901 in Terrace Heights CDP, WA, a household would need roughly $74,000 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 $1,722. That is about 31% above the local median household income ($56,429), 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
50.3%-23% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
89.8%+3% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
6.4%-50% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
47.7%+25% vs US avg
x
$268,100
Home Value
$842
Rent
1980
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached57.1%
  • 1-unit attached1.5%
  • 2-9 units16.7%
  • 10+ units14.5%
  • Mobile home & other10.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$268,100
Median rent$842
Owner-occupied50.3%
Vacant6.9%
Price-to-income4.8x
Est. income to buy$74,000