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ZIP 98622 — Housing & Real Estate

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

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98622

Median Home Value
$487,600
Median Rent
$1,293
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,132/mo PITI).

21%
Rent-to-Income Ratio

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

6.6x
Home Price-to-Income Ratio

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

31.4 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 98622, a household would need roughly $134,000 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 $3,132. That is about 81% above the local median household income ($74,075), 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
74.4%+14% vs US avg
x
Vacancy Rate
1.8%-82% vs US avg
x
Broadband Access
91.9%+6% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
2.5%-80% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
34.0%-32% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$487,600
Home Value
$1,293
Rent
1996
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached80.3%
  • 1-unit attached2.0%
  • 2-9 units12.6%
  • 10+ units4.6%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$487,600
Median rent$1,293
Owner-occupied74.4%
Vacant1.8%
Price-to-income6.6x
Est. income to buy$134,000