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North Lynnwood CDP, WA

ZIP 98087 — 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 98087

Median Home Value
$633,200
Median Rent
$1,905
Affordability Snapshot
$174,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,068/mo PITI).

21%
Rent-to-Income Ratio

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

5.9x
Home Price-to-Income Ratio

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

27.7 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 98087 in North Lynnwood CDP, WA, a household would need roughly $174,000 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 $4,068. That is about 63% above the local median household income ($106,541), 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
53.0%-19% vs US avg
x
Vacancy Rate
5.0%-52% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
26.8%-46% vs US avg
x
Mortgage-Free
20.5%-46% vs US avg
x
$633,200
Home Value
$1,905
Rent
2001
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 detached43.5%
  • 1-unit attached9.3%
  • 2-9 units13.9%
  • 10+ units30.8%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$633,200
Median rent$1,905
Owner-occupied53.0%
Vacant5.0%
Price-to-income5.9x
Est. income to buy$174,000