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Fairwood CDP, WA

ZIP 99218 — 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 99218

Median Home Value
$404,500
Median Rent
$1,073
Affordability Snapshot
$111,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,598/mo PITI).

17%
Rent-to-Income Ratio

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

5.5x
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 99218 in Fairwood CDP, WA, a household would need roughly $111,000 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 $2,598. That is about 51% above the local median household income ($73,723), 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
54.1%-17% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
17.3%+17% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
41.3%+8% vs US avg
x
$404,500
Home Value
$1,073
Rent
1979
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 detached52.5%
  • 1-unit attached3.4%
  • 2-9 units13.4%
  • 10+ units30.0%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$404,500
Median rent$1,073
Owner-occupied54.1%
Vacant4.2%
Price-to-income5.5x
Est. income to buy$111,000