ZIP 98037
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 98037 usually run 2.3% below trend in December and 2.3% above it in August, about $101 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 98037 is at its highest level since Zillow's records here began in October 2017.
Rent in ZIP 98037 changed +3.6% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.
From 2019 to 2024, rent in ZIP 98037 rose 30.5% while median household income rose 40% ($76,630 to $107,281). Income kept ahead of rent.
Rent in ZIP 98037 is 30.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($107,281) is $2,682 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,310); a 3-bedroom is $3,020.
3rd cheapest of 4 ZIP codes in Lynnwood.
ZIP 98204, 4 miles away, rents for 16% less ($1,840/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98037. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98037 in Lynnwood, WA has changed in 5 years
Rent in ZIP 98037 in Lynnwood, WA has increased 26.9% since 2021, going from about $1,724 per month to roughly $2,187 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 10.7 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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Tips for renters in ZIP 98037
Last updated: October 17, 2026
ZIP code 98037 covers Lynnwood, WA. The median rent here is $2,187/mo as of October 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,310/mo.
At 24% of local median household income ($107,281/yr), ZIP 98037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
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How does ZIP 98037 compare to the rest of Lynnwood?
At $2,187/mo, rent takes ~24% of ZIP 98037's median household income ($107,281/yr). The standard benchmark is 30%.
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