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ZIP Code · WA

ZIP 98354

Part of Milton, WA
Pop. 8,597·Pierce County·88th most expensive ZIP in Washington
Median rent (all units)
$2,128/mo
Year-over-Year
+1.3%
Month-over-Month
+1.7%
vs US Median
+$163
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98354 · $2,128
More expensive than 67% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,800
1 BR
$1,870
2 BR
$2,270
3 BR
$3,110
4 BR+
$3,550
Research median
$2,270/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
$25,536/yr
At $2,128/mo median
Location
CityMilton
StateWA
CountyPierce County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.3% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98354 (Milton, WA) is majority owner-occupied, has a median income above the national average, 22.6% of residents hold a bachelor's degree or higher.

Population
8,597
Median income
$96,866
Median age
37.7
Renters
44.4%
Age distribution
24.7%
21.6%
27.9%
12.4%
13.4%
Under 1824.7%
18–3421.6%
35–5427.9%
55–6412.4%
65+13.4%
Gender
45.6%
54.4%
Male45.6%
Female54.4%
Race & ethnicity
75.3%
15.2%
White75.3%
Black3.9%
Hispanic15.2%
Asian5.4%
Education (25+)
31%
38.4%
22.6%
No HS diploma8.1%
HS diploma31%
Some college38.4%
Bachelor's+22.6%
Housing tenure
55.6%
44.4%
Owner55.6%
Renter44.4%

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

2021 vs 2026

How ZIP 98354 in Milton, WA has changed in 5 years

Income
$82,125 → $96,866
up 17.9%
Population
8,185 → 8,597
up 5.0%
Renter share
43.1% → 44.4%
+1.3 pts
Bachelor's+
20.6% → 22.6%
+2.0 pts

Local incomes tracked alongside that move, going from a median of $82,125 in 2021 to $96,866 more recently. The population has grown by 5.0% since 2021, moving from about 8,185 residents to roughly 8,597. College-educated residents now make up 22.6% of adults here, versus 20.6% in 2021.

Community

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Local insights

Tips for renters in ZIP 98354

About renting in ZIP 98354

Last updated: July 20, 2026

ZIP code 98354 covers Milton, WA. The median rent here is $2,128/mo as of July 2026. A 1-bedroom rents for a median of $1,870/mo. A 2-bedroom rents for a median of $2,270/mo.

At 26% of local median household income ($96,866/yr), ZIP 98354 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98354?

As of July 20, 2026, the median monthly rent in ZIP 98354 (Milton, WA) is $2,128. This is based on aggregated data from public sources and community submissions.

How does ZIP 98354 rent compare to the US average?

ZIP 98354's median rent of $2,128/mo is $163 (8%) above the US national median of $1,965/mo.

How does ZIP 98354 compare to other ZIPs in Washington?

ZIP 98354 falls in the middle range for Washington, ranking #88 out of 209 ZIPs at $2,128/mo.

How much income do you need to rent in ZIP 98354?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (~$41/hour full-time) to afford the median rent of $2,128/mo in ZIP 98354. The local median household income is $96,866/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98354?

Rent in ZIP 98354 has increased 1.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98354 an affordable place to rent?

ZIP 98354 is considered affordable for renters. At $2,128/mo, rent takes approximately 26% of the local median household income ($96,866/yr). The standard benchmark is 30%. ZIP 98354 falls comfortably within that range.

What percentage of ZIP 98354 residents rent vs. own?

According to Census data, approximately 44.4% of ZIP 98354 households are renters, while 55.6% are owner-occupied. ZIP 98354 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98354 compare to the rest of Milton?

ZIP 98354 is more affordable than Milton overall. At $2,128/mo, it's $8 below the Milton citywide median of $2,136/mo.

When was rent data for ZIP 98354 last updated?

Rent data for ZIP 98354 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,128/mo, rent takes ~26% of ZIP 98354's median household income ($96,866/yr). The standard benchmark is 30%.

ZIP 98354 26%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98354 (Milton, WA)

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