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Tacoma city, WA

ZIP 98402 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98402

Median Home Value
$558,100
Median Rent
$1,316
Affordability Snapshot
$154,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,585/mo PITI).

29%
Rent-to-Income Ratio

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

10.2x
Home Price-to-Income Ratio

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

35.3 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 98402 in Tacoma city, WA, a household would need roughly $154,000 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 $3,585. That is about 181% above the local median household income ($54,712), 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
20.0%-69% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
26.0%-48% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$558,100
Home Value
$1,316
Rent
1978
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached3.2%
  • 1-unit attached1.1%
  • 2-9 units3.7%
  • 10+ units91.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$558,100
Median rent$1,316
Owner-occupied20.0%
Vacant8.2%
Price-to-income10.2x
Est. income to buy$154,000