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ZIP 98287 — Housing & Real Estate

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

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98287

Median Home Value
$615,600
Median Rent
$2,097
Affordability Snapshot
$169,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,954/mo PITI).

28%
Rent-to-Income Ratio

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

6.9x
Home Price-to-Income Ratio

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

24.5 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 98287, 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 $3,954. That is about 89% above the local median household income ($89,412), 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
84.3%+29% vs US avg
x
Vacancy Rate
5.5%-47% vs US avg
x
Broadband Access
93.1%+7% vs US avg
x
4+ Bedrooms
9.5%-36% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
2.8%-59% vs US avg
x
Rent Burden >30%
50.4%+1% vs US avg
x
Mortgage-Free
33.4%-13% vs US avg
x
$615,600
Home Value
$2,097
Rent
1990
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached82.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.6%
  • Mobile home & other17.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$615,600
Median rent$2,097
Owner-occupied84.3%
Vacant5.5%
Price-to-income6.9x
Est. income to buy$169,000