What is the median home value in ZIP 98335 in Pierce County, WA?

The median home value in ZIP 98335 in Pierce County, WA is $484,400, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 98335?

The rent-to-income ratio in ZIP 98335 is 27.3%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Seattle-Tacoma-Bellevue, WA · Washington

Pierce County

ZIP 98335

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 98335

Median home value

—

Gross yield

—

Cap rate

3.1%

Rent gap

12.0%

Affordability

P/I: 8.8R/I: 27.3%

Section 8 detail

SAFMR: $2,501Rent: $1,722Gap: 45.2%

ZIP code breakdown57 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
98408	—	—	—	4.7%	32.5%
98304	—	—	—	4.3%	31.1%
98409	—	—	—	5.0%	32.3%
98418	—	—	—	5.6%	23.7%
98396	—	—	—	4.3%	31.1%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	6.8%	-25.6%
—	—	—	6.5%	-9.5%
—	—	—	5.8%	-6.0%
—	—	—	5.6%	-3.3%
—	—	—	5.4%	21.4%
—	—	—	5.3%	-4.0%
—	—	—	5.0%	29.6%
—	—	—	4.9%	-9.5%
—	—	—	4.8%	7.7%
$562,330	$2,270	4.8%	4.6%	4.3%
—	—	—	4.5%	16.8%
—	—	—	4.5%	26.9%
—	—	—	4.4%	32.7%
—	—	—	4.4%	30.9%
—	—	—	4.3%	31.1%
—	—	—	4.3%	36.8%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.3%	31.1%
—	—	—	4.2%	17.3%
$669,696	$2,420	4.3%	4.0%	7.5%
—	—	—	4.0%	29.1%
—	—	—	4.0%	25.5%
—	—	—	3.9%	31.1%
—	—	—	3.9%	20.3%
—	—	—	3.8%	21.1%
—	—	—	3.8%	21.8%
—	—	—	3.8%	30.5%
—	—	—	3.7%	25.3%
—	—	—	3.7%	31.1%
—	—	—	3.7%	24.3%
—	—	—	3.7%	30.0%
—	—	—	3.6%	23.6%
—	—	—	3.5%	31.1%
—	—	—	3.5%	31.1%
—	—	—	3.4%	23.4%
—	—	—	3.4%	31.1%
—	—	—	3.1%	31.1%
—	—	—	3.1%	12.0%
—	—	—	2.9%	31.1%
—	—	—	2.8%	35.8%
—	—	—	2.4%	31.1%
—	—	—	2.0%	31.1%

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

Data sources

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

Pierce County

See all 57 ZIPs ranked by yield and cap rate