ZIP 98038
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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
February. Asking rents in ZIP 98038 usually run 1% below trend in February and 0.9% above it in September, about $56 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 98038 is 1% below its high of $3,001 in June 2026, at $2,972 as of September 2026.
Rent in ZIP 98038 changed +1.7% 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 98038 rose 31.7% while median household income rose 36.3% ($111,689 to $152,261). Income kept ahead of rent.
Rent in ZIP 98038 is 37.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($152,261) is $3,807 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,730); a 4-bedroom is $4,380.
ZIP 98058, 8 miles away, rents for 21% less ($2,362/mo), about $7,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98038. 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 98038 (Maple Valley, WA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 49% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98038 in Maple Valley, WA has changed in 5 years
Five years ago, renters in ZIP 98038 in Maple Valley, WA paid around $2,357 a month. That figure now sits near $2,972, up 26.1% from the 2021 baseline. On the earnings side, the typical household in ZIP 98038 in Maple Valley, WA now reports about $152,261, up from $124,164 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 42.4% to 49% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98038 in Maple Valley, WA reflects that arc in its own way.
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Tips for renters in ZIP 98038
Last updated: October 17, 2026
ZIP code 98038 covers Maple Valley, WA. The median rent here is $2,972/mo as of October 2026. A 1-bedroom rents for a median of $2,450/mo. A 2-bedroom rents for a median of $2,850/mo.
At 23% of local median household income ($152,261/yr), ZIP 98038 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.
Frequently asked questions
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How does ZIP 98038 compare to the rest of Maple Valley?
At $2,972/mo, rent takes ~23% of ZIP 98038's median household income ($152,261/yr). The standard benchmark is 30%.
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