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Hockinson CDP, WA

ZIP 98606 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98606

Median Home Value
$676,600
Median Rent
$1,509
Affordability Snapshot
$186,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,346/mo PITI).

15%
Rent-to-Income Ratio

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

5.7x
Home Price-to-Income Ratio

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

37.4 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 98606 in Hockinson CDP, WA, a household would need roughly $186,000 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 $4,346. That is about 58% above the local median household income ($118,026), 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
87.3%+33% vs US avg
x
Vacancy Rate
2.9%-71% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
8.3%-44% vs US avg
x
Built Pre-1939
3.1%-75% vs US avg
x
Built Post-2014
4.4%-37% vs US avg
x
Rent Burden >30%
12.1%-76% vs US avg
x
Mortgage-Free
49.2%+29% vs US avg
x
$676,600
Home Value
$1,509
Rent
1988
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached89.8%
  • 1-unit attached0.6%
  • 2-9 units1.6%
  • 10+ units0.0%
  • Mobile home & other8.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$676,600
Median rent$1,509
Owner-occupied87.3%
Vacant2.9%
Price-to-income5.7x
Est. income to buy$186,000