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Lake Tapps CDP, WA

ZIP 98391 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98391

Median Home Value
$578,300
Median Rent
$1,943
Affordability Snapshot
$159,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,715/mo PITI).

18%
Rent-to-Income Ratio

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

4.5x
Home Price-to-Income Ratio

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

24.8 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 98391 in Lake Tapps CDP, WA, a household would need roughly $159,000 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 $3,715. That is about 23% above the local median household income ($129,233), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.3%+32% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
96.8%+11% vs US avg
x
4+ Bedrooms
8.7%-41% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
5.1%-26% vs US avg
x
Rent Burden >30%
17.7%-64% vs US avg
x
Mortgage-Free
23.4%-39% vs US avg
x
$578,300
Home Value
$1,943
Rent
1998
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 detached84.0%
  • 1-unit attached2.5%
  • 2-9 units1.7%
  • 10+ units3.1%
  • Mobile home & other8.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$578,300
Median rent$1,943
Owner-occupied86.3%
Vacant3.6%
Price-to-income4.5x
Est. income to buy$159,000