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Tacoma city, WA

ZIP 98404 — 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 98404

Median Home Value
$387,300
Median Rent
$1,222
Affordability Snapshot
$107,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,488/mo PITI).

18%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

26.4 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 98404 in Tacoma city, WA, a household would need roughly $107,000 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 $2,488. That is about 34% above the local median household income ($79,562), 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
68.4%+5% vs US avg
x
Vacancy Rate
4.1%-60% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
3.8%-75% vs US avg
x
Built Pre-1939
6.6%-48% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
26.1%-47% vs US avg
x
Mortgage-Free
25.4%-34% vs US avg
x
$387,300
Home Value
$1,222
Rent
1971
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 detached76.6%
  • 1-unit attached4.7%
  • 2-9 units7.1%
  • 10+ units7.8%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$387,300
Median rent$1,222
Owner-occupied68.4%
Vacant4.1%
Price-to-income4.9x
Est. income to buy$107,000