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ZIP Code · WA

ZIP 98037

Part of Lynnwood, WA
Pop. 29,723·Snohomish County·74th most expensive ZIP in Washington
Median rent (all units)
$2,202/mo
Year-over-Year
+6.7%
Month-over-Month
-0.7%
vs US Median
+$237
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98037 · $2,202
More expensive than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,920
1 BR
$1,980
2 BR
$2,310
3 BR
$3,020
4 BR+
$3,550
Research median
$2,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,424/yr
At $2,202/mo median
Location
StateWA
CountySnohomish County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.7% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98037 (Lynnwood, WA) is majority owner-occupied, has a median income above the national average, 40.2% of residents hold a bachelor's degree or higher.

Population
29,723
Median income
$107,281
Median age
37.7
Renters
38.4%
Age distribution
21.8%
22.7%
28.7%
12.1%
14.7%
Under 1821.8%
18–3422.7%
35–5428.7%
55–6412.1%
65+14.7%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
49.4%
14.9%
24.4%
White49.4%
Black6.2%
Hispanic14.9%
Asian24.4%
Other5.1%
Education (25+)
17.2%
31.5%
40.2%
No HS diploma11.2%
HS diploma17.2%
Some college31.5%
Bachelor's+40.2%
Housing tenure
61.6%
38.4%
Owner61.6%
Renter38.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 98037 in Lynnwood, WA has changed in 5 years

Rent
$1,714 → $2,202
up 28.5%
Income
$92,357 → $107,281
up 16.2%
Population
28,938 → 29,723
up 2.7%
Renter share
38% → 38.4%
+0.4 pts
Bachelor's+
34.2% → 40.2%
+6.0 pts
Median age
40 → 37.7
-2.3 yrs

Rent in ZIP 98037 in Lynnwood, WA has increased 28.5% since 2021, going from about $1,714 per month to roughly $2,202 today. On the earnings side, the typical household in ZIP 98037 in Lynnwood, WA now reports about $107,281, up from $92,357 in 2021. Rent outpaced income growth by roughly 12.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,938 to 29,723 between 2021 and 2024, a 2.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 34.2% to 40.2%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98037 in Lynnwood, WA reflects that arc in its own way.

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Local insights

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About renting in ZIP 98037

Last updated: July 20, 2026

ZIP code 98037 covers Lynnwood, WA. The median rent here is $2,202/mo as of July 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,310/mo.

At 25% of local median household income ($107,281/yr), ZIP 98037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98037?

As of July 20, 2026, the median monthly rent in ZIP 98037 (Lynnwood, WA) is $2,202. This is based on aggregated data from public sources and community submissions.

How does ZIP 98037 rent compare to the US average?

ZIP 98037's median rent of $2,202/mo is $237 (12%) above the US national median of $1,965/mo.

How does ZIP 98037 compare to other ZIPs in Washington?

ZIP 98037 falls in the middle range for Washington, ranking #74 out of 209 ZIPs at $2,202/mo.

How much income do you need to rent in ZIP 98037?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,202/mo in ZIP 98037. The local median household income is $107,281/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98037?

Rent in ZIP 98037 has increased 6.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98037 an affordable place to rent?

ZIP 98037 is considered affordable for renters. At $2,202/mo, rent takes approximately 25% of the local median household income ($107,281/yr). The standard benchmark is 30%. ZIP 98037 falls comfortably within that range.

What percentage of ZIP 98037 residents rent vs. own?

According to Census data, approximately 38.4% of ZIP 98037 households are renters, while 61.6% are owner-occupied. ZIP 98037 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98037 compare to the rest of Lynnwood?

ZIP 98037 is pricier than Lynnwood as a whole. At $2,202/mo, it's $11 above the Lynnwood citywide median of $2,191/mo.

When was rent data for ZIP 98037 last updated?

Rent data for ZIP 98037 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $2,202/mo, rent takes ~25% of ZIP 98037's median household income ($107,281/yr). The standard benchmark is 30%.

ZIP 98037 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98037 (Lynnwood, WA)

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