ZIP Code · WA

ZIP 98374

Part of Puyallup, WA
Pop. 49,007·Pierce County·50th most expensive ZIP in Washington
Median rent (all units)
$2,364/mo
Year-over-Year
+1.3%
Month-over-Month
-0.3%
vs US Median
+$432
Reported rents
Stable (Monthly)
Be the first to discuss 98374 rents ↓
Most AffordableMost Expensive
ZIP 98374 · $2,364
More expensive than 76% of US ZIP codes · National median $1,932/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,620
1 BR
$1,820
2 BR
$2,230
3 BR
$3,090
4 BR+
$3,510
Research median
$2,230/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 98374 usually run 1.2% below trend in January and 0.9% above it in July, about $50 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 98374 is 0.3% below its high of $2,371 in August 2026, at $2,364 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98374 changed +1.3% 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 98374 rose 35.6% while median household income rose 34.7% ($83,644 to $112,662). Rent outpaced income.

Since before the pandemic

Rent in ZIP 98374 is 36.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($112,662) is $2,817 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,230); a 3-bedroom is $3,090.

Rank in Puyallup

4th cheapest of 5 ZIP codes in Puyallup.

Cheaper nearby

ZIP 98373, 3 miles away, rents for 20% less ($1,890/mo), about $5,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98374. 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
$28,368/yr
At $2,364/mo median
Location
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 (+1.3% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 98374 (Puyallup, WA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 31.6% of residents hold a bachelor's degree or higher.

Population
49,007
Median income
$112,662
Median age
36.1
Renters
29.5%
Age distribution
28.2%
19.8%
27.2%
14.5%
Under 1828.2%
18–3419.8%
35–5427.2%
55–6410.3%
65+14.5%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
65.7%
White65.7%
Black4.7%
Hispanic11.3%
Asian7.4%
Other10.9%
Education (25+)
25.6%
36.4%
31.6%
No HS diploma6.4%
HS diploma25.6%
Some college36.4%
Bachelor's+31.6%
Housing tenure
70.5%
29.5%
Owner70.5%
Renter29.5%

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

2021 vs 2026

How ZIP 98374 in Puyallup, WA has changed in 5 years

Rent
$1,878 → $2,364
up 25.9%
Income
$94,618 → $112,662
up 19.1%
Population
42,974 → 49,007
up 14.0%
Renter share
28.5% → 29.5%
+1.0 pts
Bachelor's+
26.7% → 31.6%
+4.9 pts
Median age
37.3 → 36.1
-1.2 yrs

The median rent in ZIP 98374 in Puyallup, WA stood at $1,878 in 2021 and currently runs about $2,364, reflecting a 25.9% increase over the period. Household income in the area moved from $94,618 to $112,662 across the same window, up 19.1% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 14.0% since 2021, moving from about 42,974 residents to roughly 49,007. College-educated residents now make up 31.6% of adults here, versus 26.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 98374 in Puyallup, WA look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 98374

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 98374

About renting in ZIP 98374

Last updated: October 17, 2026

ZIP code 98374 covers Puyallup, WA. The median rent here is $2,364/mo as of October 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $2,230/mo.

At 25% of local median household income ($112,662/yr), ZIP 98374 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 income do you need to rent in ZIP 98374?

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 $2,364/mo in ZIP 98374. The local median household income is $112,662/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98374?

Rent in ZIP 98374 has risen 1.3% over the past year as of September 2026. It sits 0.3% below its high of $2,371 in August 2026.

When is the cheapest time to rent in ZIP 98374?

Asking rents in ZIP 98374 are usually lowest in January, about 1.2% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $50 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 98374?

Yes. From 2019 to 2024, rent in ZIP 98374 rose 35.6% while median household income rose 34.7%, from $83,644 to $112,662. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98374 compare to other ZIPs in Washington?

ZIP 98374 is one of the pricier among Washington ZIP codes for rent, ranking #50 of 207 at $2,364/mo. Over the year to September 2026, rent in ZIP 98374 changed +1.3%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.

How does ZIP 98374 compare to the rest of Puyallup?

At $2,364/mo, ZIP 98374 is $165 above the Puyallup citywide median of $2,199/mo. It is the 4th cheapest of 5 ZIP codes in Puyallup.
Income Affordability
25%
AFFORDABLE

At $2,364/mo, rent takes ~25% of ZIP 98374's median household income ($112,662/yr). The standard benchmark is 30%.

ZIP 98374 25%Benchmark 30%
State income taxNone
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 98374 (Puyallup, WA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.