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ZIP Code · WA

ZIP 98047

Part of Pacific, WA
Pop. 6,817·King County·171st most expensive ZIP in Washington
Median rent (all units)
$1,691/mo
Year-over-Year
Stable
Month-over-Month
+0.6%
vs US Median
-$274
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98047 · $1,691
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,291
1 BR
$1,334
2 BR
$1,556
3 BR
$2,044
4 BR+
$2,395
Research median
$1,556/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
$20,292/yr
At $1,691/mo median
Location
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, +0.6% 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
38
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

Tips for renters in ZIP 98047

About renting in ZIP 98047

Last updated: July 20, 2026

ZIP code 98047 covers Pacific, WA. The median rent here is $1,691/mo as of July 2026. A 1-bedroom rents for a median of $1,334/mo. A 2-bedroom rents for a median of $1,556/mo.

At 18% 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 is rent in ZIP code 98047?

As of July 20, 2026, the median monthly rent in ZIP 98047 (Pacific, WA) is $1,691. This is based on aggregated data from public sources and community submissions.

How does ZIP 98047 rent compare to the US average?

ZIP 98047's median rent of $1,691/mo is $274 (14%) below the US national median of $1,965/mo.

How does ZIP 98047 compare to other ZIPs in Washington?

ZIP 98047 is among the more affordable ZIP codes in Washington, ranking #171 out of 209 ZIPs at $1,691/mo.

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 $68,000/year (~$33/hour full-time) to afford the median rent of $1,691/mo in ZIP 98047. The local median household income is $115,188/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98047?

Rent in ZIP 98047 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 98047 an affordable place to rent?

ZIP 98047 is considered very affordable for renters. At $1,691/mo, rent takes approximately 18% of the local median household income ($115,188/yr). The standard benchmark is 30%. ZIP 98047 falls comfortably within that range.

What percentage of ZIP 98047 residents rent vs. own?

According to Census data, approximately 42.7% of ZIP 98047 households are renters, while 57.3% are owner-occupied. ZIP 98047 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98047 compare to the rest of Pacific?

ZIP 98047 sits right at the Pacific citywide median of $1,691/mo.

When was rent data for ZIP 98047 last updated?

Rent data for ZIP 98047 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,691/mo, rent takes ~18% of ZIP 98047's median household income ($115,188/yr). The standard benchmark is 30%.

ZIP 98047 18%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98047 (Pacific, WA)

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