Seattle-Tacoma-Bellevue, WA · Washington
Pierce County
ZIP 98328
924,106 residents4,119 permits TTM$96,632 median HHI57 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$484,400
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.4%
HUD FMR ÷ ACS HHI
Net migration
+2.71%
IRS SOI
Permits (TTM)
4,119
Census BPS
Climate risk
98.5
FEMA NRI (0–100)
ZIP 98328
Median home value
—
Gross yield
—
Buy Box score
0.3
Section 8 gap
—
Affordability
P/I: 6.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown57 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 98360 | — | — | — | 6.8% | -25.6% |
| 98387 | — | — | — | 6.5% | -9.5% |
| 98375 | — | — | — | 5.8% | -6.0% |
| 98327 | — | — | — | 5.6% | -3.3% |
| 98418 | — | — | — | 5.6% | 23.7% |
| 98404 | — | — | — | 5.4% | 21.4% |
| 98338 | — | — | — | 5.3% | -4.0% |
| 98409 | — | — | — | 5.0% | 32.3% |
| 98402 | — | — | — | 5.0% | 29.6% |
| 98391 | — | — | — | 4.9% | -9.5% |
| 98374 | — | — | — | 4.8% | 7.7% |
| 98408 | — | — | — | 4.7% | 32.5% |
| 98354 | $562,330 | $2,270 | 4.8% | 4.6% | 4.3% |
| 98446 | — | — | — | 4.5% | 16.8% |
| 98445 | — | — | — | 4.5% | 26.9% |
| 98405 | — | — | — | 4.4% | 32.7% |
| 98499 | — | — | — | 4.4% | 30.9% |
| 98303 | — | — | — | 4.3% | 31.1% |
| 98444 | — | — | — | 4.3% | 36.8% |
| 98304 | — | — | — | 4.3% | 31.1% |
| 98323 | — | — | — | 4.3% | 31.1% |
| 98330 | — | — | — | 4.3% | 31.1% |
| 98351 | — | — | — | 4.3% | 31.1% |
| 98385 | — | — | — | 4.3% | 31.1% |
| 98396 | — | — | — | 4.3% | 31.1% |
| 98416 | — | — | — | 4.3% | 31.1% |
| 98421 | — | — | — | 4.3% | 31.1% |
| 98430 | — | — | — | 4.3% | 31.1% |
| 98433 | — | — | — | 4.3% | 31.1% |
| 98438 | — | — | — | 4.3% | 31.1% |
| 98439 | — | — | — | 4.3% | 31.1% |
| 98447 | — | — | — | 4.3% | 31.1% |
| 98558 | — | — | — | 4.3% | 31.1% |
| 98390 | — | — | — | 4.2% | 17.3% |
| 98422 | $669,696 | $2,420 | 4.3% | 4.0% | 7.5% |
| 98498 | — | — | — | 4.0% | 29.1% |
| 98373 | — | — | — | 4.0% | 25.5% |
| 98349 | — | — | — | 3.9% | 31.1% |
| 98371 | — | — | — | 3.9% | 20.3% |
| 98407 | — | — | — | 3.8% | 21.1% |
| 98466 | — | — | — | 3.8% | 21.8% |
| 98424 | — | — | — | 3.8% | 30.5% |
| 98406 | — | — | — | 3.7% | 25.3% |
| 98443 | — | — | — | 3.7% | 31.1% |
| 98372 | — | — | — | 3.7% | 24.3% |
| 98465 | — | — | — | 3.7% | 30.0% |
| 98388 | — | — | — | 3.6% | 23.6% |
| 98328 | — | — | — | 3.5% | 31.1% |
| 98329 | — | — | — | 3.5% | 31.1% |
| 98467 | — | — | — | 3.4% | 23.4% |
| 98580 | — | — | — | 3.4% | 31.1% |
| 98321 | — | — | — | 3.1% | 31.1% |
| 98335 | — | — | — | 3.1% | 12.0% |
| 98394 | — | — | — | 2.9% | 31.1% |
| 98403 | — | — | — | 2.8% | 35.8% |
| 98332 | — | — | — | 2.4% | 31.1% |
| 98333 | — | — | — | 2.0% | 31.1% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
64.8%
Census ACS
Vacancy rate
5.2%
Census ACS
Bachelor's degree +
30.1%
Census ACS
Rent burdened
49.8%
Census ACS (>30% income)
Median age
36.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026