ZIP Code · WA

ZIP 98332

Part of Gig Harbor, WA

Pop. 20,072·Pierce County·26th most expensive ZIP in Washington

Median rent (all units)

$2,628/mo

Year-over-Year

Stable

Month-over-Month

+1.8%

vs US Median

+$696

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 98332 · $2,628

More expensive than 83% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,940

1 BR

$2,180

2 BR

$2,680

3 BR

$3,720

4 BR+

$4,220

Research median

$2,680/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

What a typical income covers

30% of the median household income ($135,330) is $3,383 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,680); a 3-bedroom is $3,720.

Cheaper nearby

ZIP 98407, 7 miles away, rents for 18% less ($2,153/mo), about $5,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98332. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$31,536/yr

At $2,628/mo median

Location

CityGig Harbor

StateWA

CountyPierce County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.8% MoM), not inventory.

Demographics

Who lives here

ZIP 98332 (Gig Harbor, WA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.5% of residents hold a bachelor's degree or higher.

Population

20,072

Median income

$135,330

Median age

46.6

Renters

15.4%

Age distribution

21.4%

13.5%

25.6%

14.7%

24.7%

Under 1821.4%

18–3413.5%

35–5425.6%

55–6414.7%

65+24.7%

Gender

46%

54%

Male46%

Female54%

Race & ethnicity

81.6%

White81.6%

Black1.3%

Hispanic6.4%

Asian3.8%

Other6.9%

Education (25+)

18.4%

27%

52.5%

No HS diploma2.1%

HS diploma18.4%

Some college27%

Bachelor's+52.5%

Housing tenure

84.6%

15.4%

Owner84.6%

Renter15.4%

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

2021 vs 2026

How ZIP 98332 in Gig Harbor, WA has changed in 5 years

Income

$114,261 → $135,330

up 18.4%

Population

19,722 → 20,072

up 1.8%

Renter share

17.3% → 15.4%

-1.9 pts

Bachelor's+

49.2% → 52.5%

+3.3 pts

Local incomes tracked alongside that move, going from a median of $114,261 in 2021 to $135,330 more recently. The population has grown by 1.8% since 2021, moving from about 19,722 residents to roughly 20,072. Renters now make up 15.4% of households, compared with 17.3% five years ago. College-educated residents now make up 52.5% of adults here, versus 49.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 98332

About renting in ZIP 98332

Last updated: October 17, 2026

ZIP code 98332 covers Gig Harbor, WA. The median rent here is $2,628/mo as of October 2026. A 1-bedroom rents for a median of $2,180/mo. A 2-bedroom rents for a median of $2,680/mo.

At 23% of local median household income ($135,330/yr), ZIP 98332 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 income do you need to rent in ZIP 98332?

To keep rent at or below 30% of gross income, you would need to earn at least $105,000/year (about $50/hour full-time) to afford the median rent of $2,628/mo in ZIP 98332. The local median household income is $135,330/yr, so the typical household meets that bar.