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Indianola CDP, WA

ZIP 98342 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98342

Median Home Value
$644,000
Median Rent
$1,306
Affordability Snapshot
$177,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,137/mo PITI).

16%
Rent-to-Income Ratio

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

6.7x
Home Price-to-Income Ratio

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

41.1 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 98342 in Indianola CDP, WA, a household would need roughly $177,000 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 $4,137. That is about 85% above the local median household income ($95,714), 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

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
22.2%+116% vs US avg
x
Broadband Access
96.8%+11% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
5.2%-60% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
10.5%-79% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$644,000
Home Value
$1,306
Rent
1991
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached94.7%
  • 1-unit attached1.2%
  • 2-9 units0.4%
  • 10+ units0.7%
  • Mobile home & other2.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$644,000
Median rent$1,306
Owner-occupied82.0%
Vacant22.2%
Price-to-income6.7x
Est. income to buy$177,000