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ZIP Code · WA

ZIP 98388

Pop. 7,043·Pierce County·132nd most expensive ZIP in Washington
Median rent (all units)
$1,957/mo
Year-over-Year
Stable
Month-over-Month
-1.4%
vs US Median
-$8
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98388 · $1,957
More expensive than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,540
2 BR
$1,890
3 BR
$2,620
4 BR+
$2,970
Research median
$1,890/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
$23,484/yr
At $1,957/mo median
Location
StateWA
CountyPierce County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 98388 (Steilacoom, WA) is majority owner-occupied, has a median income above the national average, 45.8% of residents hold a bachelor's degree or higher.

Population
7,043
Median income
$100,851
Median age
40.7
Renters
37.1%
Age distribution
19.3%
20.9%
26.8%
14%
19.1%
Under 1819.3%
18–3420.9%
35–5426.8%
55–6414%
65+19.1%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
74.9%
12.6%
White74.9%
Black5%
Hispanic12.6%
Asian5.6%
Other2%
Education (25+)
16.2%
29.9%
45.8%
No HS diploma8.2%
HS diploma16.2%
Some college29.9%
Bachelor's+45.8%
Housing tenure
62.9%
37.1%
Owner62.9%
Renter37.1%

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

2021 vs 2026

How ZIP 98388 in Steilacoom, WA has changed in 5 years

Income
$95,316 → $100,851
up 5.8%
Population
6,975 → 7,043
up 1.0%
Renter share
36% → 37.1%
+1.1 pts
Bachelor's+
42.2% → 45.8%
+3.6 pts
Median age
41.3 → 40.7
-0.6 yrs

Household income in the area moved from $95,316 to $100,851 across the same window, up 5.8% versus 2021. Census counts show ZIP 98388 in Steilacoom, WA adding about 68 residents over the five-year window, up 1.0% on net. Bachelor's-degree-or-higher attainment moved from 42.2% to 45.8% across the same window.

Community

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Local insights

Tips for renters in ZIP 98388

About renting in ZIP 98388

Last updated: July 20, 2026

ZIP code 98388 covers Steilacoom, WA. The median rent here is $1,957/mo as of July 2026. A 1-bedroom rents for a median of $1,540/mo. A 2-bedroom rents for a median of $1,890/mo.

At 23% of local median household income ($100,851/yr), ZIP 98388 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 is rent in ZIP code 98388?

As of July 20, 2026, the median monthly rent in ZIP 98388 (Steilacoom, WA) is $1,957. This is based on aggregated data from public sources and community submissions.

How does ZIP 98388 rent compare to the US average?

ZIP 98388's median rent of $1,957/mo is $8 (0%) below the US national median of $1,965/mo.

How does ZIP 98388 compare to other ZIPs in Washington?

ZIP 98388 falls in the middle range for Washington, ranking #132 out of 209 ZIPs at $1,957/mo.

How much income do you need to rent in ZIP 98388?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,957/mo in ZIP 98388. The local median household income is $100,851/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98388?

Rent in ZIP 98388 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 98388 an affordable place to rent?

ZIP 98388 is considered very affordable for renters. At $1,957/mo, rent takes approximately 23% of the local median household income ($100,851/yr). The standard benchmark is 30%. ZIP 98388 falls comfortably within that range.

What percentage of ZIP 98388 residents rent vs. own?

According to Census data, approximately 37.1% of ZIP 98388 households are renters, while 62.9% are owner-occupied. ZIP 98388 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98388 compare to the rest of Steilacoom?

ZIP 98388 is more affordable than Steilacoom overall. At $1,957/mo, it's $33 below the Steilacoom citywide median of $1,990/mo.

When was rent data for ZIP 98388 last updated?

Rent data for ZIP 98388 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,957/mo, rent takes ~23% of ZIP 98388's median household income ($100,851/yr). The standard benchmark is 30%.

ZIP 98388 23%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98388 (Steilacoom, WA)

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