ZIP Code · WA

ZIP 98047

Part of Pacific, WA

Pop. 6,817·King County·135th most expensive ZIP in Washington

Median rent (all units)

$1,926/mo

Year-over-Year

Stable

Month-over-Month

Stable

vs US Median

-$6

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98047 · $1,926

More expensive than 57% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,800

1 BR

$1,860

2 BR

$2,170

3 BR

$2,850

4 BR+

$3,340

Research median

$2,170/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($115,188) is $2,880 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,850); a 4-bedroom is $3,340.

Cheaper nearby

ZIP 98418, 10 miles away, rents for 12% less ($1,704/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98047. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,112/yr

At $1,926/mo median

Location

CityPacific

StateWA

CountyKing County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 98047 (Pacific, WA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 21.7% of residents hold a bachelor's degree or higher.

Population

6,817

Median income

$115,188

Median age

Renters

42.7%

Age distribution

26.5%

18.5%

25.8%

17.3%

Under 1826.5%

18–3418.5%

35–5425.8%

55–6417.3%

65+11.9%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

51.6%

23.2%

White51.6%

Black6.9%

Hispanic23.2%

Asian11.1%

Other7.2%

Education (25+)

14.1%

28.2%

35.9%

21.7%

No HS diploma14.1%

HS diploma28.2%

Some college35.9%

Bachelor's+21.7%

Housing tenure

57.3%

42.7%

Owner57.3%

Renter42.7%

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

2021 vs 2026

How ZIP 98047 in Pacific, WA has changed in 5 years

Income

$68,965 → $115,188

up 67.0%

Population

7,024 → 6,817

down 2.9%

Renter share

52.1% → 42.7%

-9.4 pts

Bachelor's+

21.1% → 21.7%

+0.6 pts

Median age

31.6 → 38

+6.4 yrs

Local incomes tracked alongside that move, going from a median of $68,965 in 2021 to $115,188 more recently. The population has contracted by 2.9% since 2021, moving from about 7,024 residents to roughly 6,817. Renters now make up 42.7% of households, compared with 52.1% five years ago.

Community

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Local insights

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About renting in ZIP 98047

Last updated: October 17, 2026

ZIP code 98047 covers Pacific, WA. The median rent here is $1,926/mo as of October 2026. A 1-bedroom rents for a median of $1,860/mo. A 2-bedroom rents for a median of $2,170/mo.

At 20% of local median household income ($115,188/yr), ZIP 98047 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98047?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,926/mo in ZIP 98047. The local median household income is $115,188/yr, so the typical household meets that bar.