ZIP Code · WA

ZIP 98204

Part of Everett, WA

Pop. 45,130·Snohomish County·144th most expensive ZIP in Washington

Median rent (all units)

$1,840/mo

Year-over-Year

+2.2%

Month-over-Month

+0.2%

vs US Median

-$92

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98204 · $1,840

More expensive than 52% 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

$1,850

2 BR

$2,160

3 BR

$2,850

4 BR+

$3,320

Research median

$2,160/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

Cheapest month to sign

February. Asking rents in ZIP 98204 usually run 1.7% below trend in February and 1.9% above it in July, about $66 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 98204 is at its highest level since Zillow's records here began in January 2017.

Past year vs. the rest of Washington

Rent in ZIP 98204 changed +2.2% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 98204 rose 30.2% while median household income rose 22.4% ($55,978 to $68,513). Rent outpaced income.

Since before the pandemic

Rent in ZIP 98204 is 29.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($68,513) is $1,713 a month. That is less than HUD's Fair Market Rent for a studio ($1,800).

Rank in Everett

2nd cheapest of 4 ZIP codes in Everett.

From Zillow's monthly rent index (ZORI) for ZIP 98204. 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.

Annual cost

$22,080/yr

At $1,840/mo median

Location

CityEverett

StateWA

CountySnohomish County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 98204 (Everett, WA) is majority renter-occupied, skews toward younger working-age adults, 23.3% of residents hold a bachelor's degree or higher.

Population

45,130

Median income

$68,513

Median age

32.6

Renters

66.4%

Age distribution

24.7%

31.4%

23.9%

Under 1824.7%

18–3431.4%

35–5423.9%

55–649.7%

65+10.3%

Gender

51.6%

48.4%

Male51.6%

Female48.4%

Race & ethnicity

47.2%

22%

15.5%

White47.2%

Black9.8%

Hispanic22%

Asian15.5%

Other5.6%

Education (25+)

13%

31.3%

32.4%

23.3%

No HS diploma13%

HS diploma31.3%

Some college32.4%

Bachelor's+23.3%

Housing tenure

33.6%

66.4%

Owner33.6%

Renter66.4%

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

2021 vs 2026

How ZIP 98204 in Everett, WA has changed in 5 years

Rent

$1,488 → $1,840

up 23.7%

Income

$59,506 → $68,513

up 15.1%

Population

42,496 → 45,130

up 6.2%

Renter share

64.1% → 66.4%

+2.3 pts

Bachelor's+

21.4% → 23.3%

+1.9 pts

Compared with 2021, rent in ZIP 98204 in Everett, WA has climbed by $352 per month, settling near $1,840 after starting the period at $1,488. Census figures show median household income at $68,513 today, compared with $59,506 five years earlier. Rent outpaced income growth by roughly 8.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 42,496 to 45,130 between 2021 and 2024, a 6.2% change. About 66.4% of households rent today, against 64.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 98204

Last updated: October 17, 2026

ZIP code 98204 covers Everett, WA. The median rent here is $1,840/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,160/mo.

At 32% of local median household income ($68,513/yr), ZIP 98204 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98204?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,840/mo in ZIP 98204. The local median household income is $68,513/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 98204?

Rent in ZIP 98204 has risen 2.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2017.

When is the cheapest time to rent in ZIP 98204?

Asking rents in ZIP 98204 are usually lowest in February, about 1.7% below their yearly trend, and highest in July, about 1.9% above it. At today's median that is a gap of roughly $66 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 98204?

Yes. From 2019 to 2024, rent in ZIP 98204 rose 30.2% while median household income rose 22.4%, from $55,978 to $68,513. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98204 compare to other ZIPs in Washington?

ZIP 98204 is one of the more affordable among Washington ZIP codes for rent, ranking #144 of 207 at $1,840/mo. Over the year to September 2026, rent in ZIP 98204 changed +2.2%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.