ZIP Code · WA

ZIP 98272

Part of Monroe, WA

Pop. 31,436·Snohomish County·48th most expensive ZIP in Washington

Median rent (all units)

$2,382/mo

Year-over-Year

+5.2%

Month-over-Month

Stable

vs US Median

+$450

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98272 · $2,382

More expensive than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,960

1 BR

$2,020

2 BR

$2,360

3 BR

$3,090

4 BR+

$3,630

Research median

$2,360/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

Compared with the peak

Rent in ZIP 98272 is 0.1% below its high of $2,384 in August 2026, at $2,382 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98272 changed +5.2% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($122,352) is $3,059 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,360); a 3-bedroom is $3,090.

From Zillow's monthly rent index (ZORI) for ZIP 98272. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,584/yr

At $2,382/mo median

Location

CityMonroe

StateWA

CountySnohomish County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.2% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 98272 (Monroe, WA) is majority owner-occupied, has a median income above the national average, 31.3% of residents hold a bachelor's degree or higher.

Population

31,436

Median income

$122,352

Median age

37.9

Renters

19.3%

Age distribution

23%

21.7%

29.3%

13.9%

12.1%

Under 1823%

18–3421.7%

35–5429.3%

55–6413.9%

65+12.1%

Gender

54.2%

45.8%

Male54.2%

Female45.8%

Race & ethnicity

73.6%

14.4%

White73.6%

Black2.3%

Hispanic14.4%

Asian7.3%

Other2.3%

Education (25+)

25%

35.3%

31.3%

No HS diploma8.4%

HS diploma25%

Some college35.3%

Bachelor's+31.3%

Housing tenure

80.7%

19.3%

Owner80.7%

Renter19.3%

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

2022 vs 2026

How ZIP 98272 in Monroe, WA has changed in 5 years

Rent

$1,829 → $2,382

up 30.2%

Income

$101,637 → $122,352

up 20.4%

Population

31,517 → 31,436

down 0.3%

Renter share

21.2% → 19.3%

-1.9 pts

Bachelor's+

23.1% → 31.3%

+8.2 pts

Median age

35.8 → 37.9

+2.1 yrs

Five years ago, renters in ZIP 98272 in Monroe, WA paid around $1,829 a month. That figure now sits near $2,382, up 30.2% from the 2022 baseline. Local incomes tracked alongside that move, going from a median of $101,637 in 2021 to $122,352 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 21.2% to 19.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 23.1% to 31.3% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 98272 in Monroe, WA market of 2022.

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About renting in ZIP 98272

Last updated: October 17, 2026

ZIP code 98272 covers Monroe, WA. The median rent here is $2,382/mo as of October 2026. A 1-bedroom rents for a median of $2,020/mo. A 2-bedroom rents for a median of $2,360/mo.

At 23% of local median household income ($122,352/yr), ZIP 98272 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98272?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (about $46/hour full-time) to afford the median rent of $2,382/mo in ZIP 98272. The local median household income is $122,352/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98272?

Rent in ZIP 98272 has risen 5.2% over the past year as of September 2026. It sits 0.1% below its high of $2,384 in August 2026.

How does ZIP 98272 compare to other ZIPs in Washington?

ZIP 98272 is one of the pricier among Washington ZIP codes for rent, ranking #48 of 207 at $2,382/mo. Over the year to September 2026, rent in ZIP 98272 changed +5.2%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.