ZIP Code · WA

ZIP 98335

Part of Gig Harbor, WA

Pop. 27,773·Pierce County·23rd most expensive ZIP in Washington

Median rent (all units)

$2,707/mo

Year-over-Year

+0.9%

Month-over-Month

+0.1%

vs US Median

+$775

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98335 · $2,707

More expensive than 84% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,600

1 BR

$1,800

2 BR

$2,210

3 BR

$3,060

4 BR+

$3,480

Research median

$2,210/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 98335 is 1.4% below its high of $2,746 in June 2026, at $2,707 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98335 changed +0.9% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($128,592) is $3,215 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,060); a 4-bedroom is $3,480.

Cheaper nearby

ZIP 98407, 5 miles away, rents for 20% less ($2,153/mo), about $6,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98335. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,484/yr

At $2,707/mo median

Location

CityGig Harbor

StateWA

CountyPierce County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.9% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 98335 (Gig Harbor, WA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.8% of residents hold a bachelor's degree or higher.

Population

27,773

Median income

$128,592

Median age

43.8

Renters

24.1%

Age distribution

23.1%

15.1%

25.9%

24.2%

Under 1823.1%

18–3415.1%

35–5425.9%

55–6411.7%

65+24.2%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

81.8%

White81.8%

Hispanic5.8%

Asian3.3%

Other8.6%

Education (25+)

13.5%

30.9%

52.8%

No HS diploma2.8%

HS diploma13.5%

Some college30.9%

Bachelor's+52.8%

Housing tenure

75.9%

24.1%

Owner75.9%

Renter24.1%

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

2023 vs 2026

How ZIP 98335 in Gig Harbor, WA has changed in 5 years

Rent

$2,400 → $2,707

up 12.8%

Income

$110,776 → $128,592

up 16.1%

Population

28,128 → 27,773

down 1.3%

Renter share

22.9% → 24.1%

+1.2 pts

Bachelor's+

48.1% → 52.8%

+4.7 pts

The median rent in ZIP 98335 in Gig Harbor, WA stood at $2,400 in 2023 and currently runs about $2,707, reflecting a 12.8% increase over the period. Median household income rose from $110,776 to $128,592 between 2021 and 2024, a 16.1% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 1.3% since 2021, moving from about 28,128 residents to roughly 27,773. College-educated residents now make up 52.8% of adults here, versus 48.1% in 2021. Taken together, the five-year picture in ZIP 98335 in Gig Harbor, 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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About renting in ZIP 98335

Last updated: October 17, 2026

ZIP code 98335 covers Gig Harbor, WA. The median rent here is $2,707/mo as of October 2026. A 1-bedroom rents for a median of $1,800/mo. A 2-bedroom rents for a median of $2,210/mo.

At 25% of local median household income ($128,592/yr), ZIP 98335 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98335?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (about $52/hour full-time) to afford the median rent of $2,707/mo in ZIP 98335. The local median household income is $128,592/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98335?

Rent in ZIP 98335 has risen 0.9% over the past year as of September 2026. It sits 1.4% below its high of $2,746 in June 2026.

How does ZIP 98335 compare to other ZIPs in Washington?

ZIP 98335 is one of the pricier among Washington ZIP codes for rent, ranking #23 of 207 at $2,707/mo. Over the year to September 2026, rent in ZIP 98335 changed +0.9%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.