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ZIP Code · WA

ZIP 98087

Part of Lynnwood, WA
Pop. 41,796·Snohomish County·60th most expensive ZIP in Washington
Median rent (all units)
$2,277/mo
Year-over-Year
+7.8%
Month-over-Month
+0.3%
vs US Median
+$312
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 98087 · $2,277
More expensive than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,090
1 BR
$2,160
2 BR
$2,520
3 BR
$3,300
4 BR+
$3,880
Research median
$2,520/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
$27,324/yr
At $2,277/mo median
Location
StateWA
CountySnohomish County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.8% YoY, +0.3% MoM), not inventory.
Demographics

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.

Population
41,796
Median income
$106,693
Median age
35.1
Renters
48%
Age distribution
22.1%
27.8%
30.3%
Under 1822.1%
18–3427.8%
35–5430.3%
55–6410.4%
65+9.4%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
49%
13%
19.9%
White49%
Black7.2%
Hispanic13%
Asian19.9%
Other11%
Education (25+)
20.5%
30.1%
40.9%
No HS diploma8.5%
HS diploma20.5%
Some college30.1%
Bachelor's+40.9%
Housing tenure
52%
48%
Owner52%
Renter48%

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

2021 vs 2026

How ZIP 98087 in Lynnwood, WA has changed in 5 years

Rent
$1,732 → $2,277
up 31.5%
Income
$90,749 → $106,693
up 17.6%
Population
41,958 → 41,796
down 0.4%
Renter share
48% → 48%
+0.0 pts
Bachelor's+
34.8% → 40.9%
+6.1 pts
Median age
33 → 35.1
+2.1 yrs

Compared with 2021, rent in ZIP 98087 in Lynnwood, WA has increased by $545 per month, settling near $2,277 after starting the period at $1,732. Median household income grew from $90,749 to $106,693 between 2021 and 2024, a 17.6% shift. Rent outpaced income growth by roughly 13.9 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.

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Local insights

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About renting in ZIP 98087

Last updated: July 20, 2026

ZIP code 98087 covers Lynnwood, WA. The median rent here is $2,277/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,520/mo.

At 26% of local median household income ($106,693/yr), ZIP 98087 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98087?

As of July 20, 2026, the median monthly rent in ZIP 98087 (Lynnwood, WA) is $2,277. This is based on aggregated data from public sources and community submissions.

How does ZIP 98087 rent compare to the US average?

ZIP 98087's median rent of $2,277/mo is $312 (16%) above the US national median of $1,965/mo.

How does ZIP 98087 compare to other ZIPs in Washington?

ZIP 98087 is one of the pricier ZIP codes in Washington, ranking #60 out of 209 ZIPs tracked at $2,277/mo.

How much income do you need to rent in ZIP 98087?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,277/mo in ZIP 98087. The local median household income is $106,693/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98087?

Rent in ZIP 98087 has increased 7.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98087 an affordable place to rent?

ZIP 98087 is considered affordable for renters. At $2,277/mo, rent takes approximately 26% of the local median household income ($106,693/yr). The standard benchmark is 30%. ZIP 98087 falls comfortably within that range.

What percentage of ZIP 98087 residents rent vs. own?

According to Census data, approximately 48% of ZIP 98087 households are renters, while 52% are owner-occupied. ZIP 98087 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98087 compare to the rest of Lynnwood?

ZIP 98087 is pricier than Lynnwood as a whole. At $2,277/mo, it's $86 above the Lynnwood citywide median of $2,191/mo.

When was rent data for ZIP 98087 last updated?

Rent data for ZIP 98087 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,277/mo, rent takes ~26% of ZIP 98087's median household income ($106,693/yr). The standard benchmark is 30%.

ZIP 98087 26%Benchmark 30%
State income taxNone
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Public schools near ZIP 98087 (Lynnwood, WA)

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