ZIP 98087
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
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 98087 usually run 1.6% below trend in December and 1.5% above it in July, about $67 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 98087 is 0.5% below its high of $2,174 in January 2026, at $2,164 as of September 2026.
Rent in ZIP 98087 changed +1.1% 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 98087 rose 28.4% while median household income rose 38.8% ($76,863 to $106,693). Income kept ahead of rent.
Rent in ZIP 98087 is 27.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($106,693) is $2,667 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,520); a 3-bedroom is $3,300.
2nd cheapest of 4 ZIP codes in Lynnwood.
ZIP 98204, 3 miles away, rents for 15% less ($1,840/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98087. 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 98087 (Lynnwood, WA) is roughly split between renters and owners, has a median income above the national average, 40.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98087 in Lynnwood, WA has changed in 5 years
Compared with 2021, rent in ZIP 98087 in Lynnwood, WA has increased by $458 per month, settling near $2,164 after starting the period at $1,706. Median household income grew from $90,749 to $106,693 between 2021 and 2024, a 17.6% shift. Rent outpaced income growth by roughly 9.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 34.8% to 40.9%. Taken together, the five-year picture in ZIP 98087 in Lynnwood, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
Discussions about ZIP 98087
No discussions yet. Start the conversation.
Tips for renters in ZIP 98087
Last updated: October 17, 2026
ZIP code 98087 covers Lynnwood, WA. The median rent here is $2,164/mo as of October 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,520/mo.
At 24% of local median household income ($106,693/yr), ZIP 98087 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 98087?
Is rent going up or down in ZIP 98087?
When is the cheapest time to rent in ZIP 98087?
Has rent outpaced income in ZIP 98087?
How does ZIP 98087 compare to other ZIPs in Washington?
How does ZIP 98087 compare to the rest of Lynnwood?
At $2,164/mo, rent takes ~24% of ZIP 98087's median household income ($106,693/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.