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ZIP 98907 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98907

Median Home Value
$220,300
Median Rent
$679
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,415/mo PITI).

22%
Rent-to-Income Ratio

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

6.0x
Home Price-to-Income Ratio

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

27.0 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 98907, a household would need roughly $61,000 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 $1,415. That is about 66% above the local median household income ($36,688), 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
11.2%-83% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
81.4%-6% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
12.1%-5% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.5%-57% vs US avg
x
Mortgage-Free
54.3%+42% vs US avg
x
$220,300
Home Value
$679
Rent
1953
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 detached11.9%
  • 1-unit attached5.9%
  • 2-9 units31.3%
  • 10+ units49.8%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,300
Median rent$679
Owner-occupied11.2%
Vacant6.2%
Price-to-income6.0x
Est. income to buy$61,000