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Puyallup city, WA

ZIP 98371 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98371

Median Home Value
$515,500
Median Rent
$1,495
Affordability Snapshot
$142,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,311/mo PITI).

18%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

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

28.7 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 98371 in Puyallup city, WA, a household would need roughly $142,000 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 $3,311. That is about 46% above the local median household income ($97,290), 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
69.1%+6% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
94.4%+9% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
3.0%-57% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
36.3%-5% vs US avg
x
$515,500
Home Value
$1,495
Rent
1980
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached68.0%
  • 1-unit attached3.0%
  • 2-9 units10.8%
  • 10+ units10.3%
  • Mobile home & other7.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$515,500
Median rent$1,495
Owner-occupied69.1%
Vacant5.2%
Price-to-income5.3x
Est. income to buy$142,000