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ZIP Code · WA

ZIP 98391

Pop. 59,240·Pierce County·25th most expensive ZIP in Washington
Median rent (all units)
$2,705/mo
Year-over-Year
+1.4%
Month-over-Month
-5.3%
vs US Median
+$740
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98391 · $2,705
More expensive than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,790
1 BR
$2,010
2 BR
$2,470
3 BR
$3,420
4 BR+
$3,890
Research median
$2,470/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
$32,460/yr
At $2,705/mo median
Location
StateWA
CountyPierce County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+1.4% YoY, -5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 98391 (Bonney Lake, WA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 33.6% of residents hold a bachelor's degree or higher.

Population
59,240
Median income
$135,037
Median age
37.1
Renters
14.3%
Age distribution
28%
18.4%
30%
12.5%
Under 1828%
18–3418.4%
35–5430%
55–6411.1%
65+12.5%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
78.3%
White78.3%
Black1.5%
Hispanic8.9%
Asian5.8%
Other5.5%
Education (25+)
23.8%
37.4%
33.6%
No HS diploma5.2%
HS diploma23.8%
Some college37.4%
Bachelor's+33.6%
Housing tenure
85.7%
14.3%
Owner85.7%
Renter14.3%

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

2021 vs 2026

How ZIP 98391 in Bonney Lake, WA has changed in 5 years

Rent
$2,214 → $2,705
up 22.2%
Income
$111,595 → $135,037
up 21.0%
Population
55,662 → 59,240
up 6.4%
Renter share
13.8% → 14.3%
+0.5 pts
Bachelor's+
28.5% → 33.6%
+5.1 pts

Five years ago, renters in ZIP 98391 in Bonney Lake, WA paid around $2,214 a month. That figure now sits near $2,705, up 22.2% from the 2021 baseline. Household income in the area moved from $111,595 to $135,037 across the same window, up 21.0% versus 2021. Census counts show ZIP 98391 in Bonney Lake, WA adding about 3,578 residents over the five-year window, up 6.4% on net. Bachelor's-degree-or-higher attainment moved from 28.5% to 33.6% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 98391 in Bonney Lake, WA look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 98391

Last updated: July 20, 2026

ZIP code 98391 covers Bonney Lake, WA. The median rent here is $2,705/mo as of July 2026. A 1-bedroom rents for a median of $2,010/mo. A 2-bedroom rents for a median of $2,470/mo.

At 24% of local median household income ($135,037/yr), ZIP 98391 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98391?

As of July 20, 2026, the median monthly rent in ZIP 98391 (Bonney Lake, WA) is $2,705. This is based on aggregated data from public sources and community submissions.

How does ZIP 98391 rent compare to the US average?

ZIP 98391's median rent of $2,705/mo is $740 (38%) above the US national median of $1,965/mo.

How does ZIP 98391 compare to other ZIPs in Washington?

ZIP 98391 is one of the pricier ZIP codes in Washington, ranking #25 out of 209 ZIPs tracked at $2,705/mo.

How much income do you need to rent in ZIP 98391?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (~$52/hour full-time) to afford the median rent of $2,705/mo in ZIP 98391. The local median household income is $135,037/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98391?

Rent in ZIP 98391 has increased 1.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98391 an affordable place to rent?

ZIP 98391 is considered very affordable for renters. At $2,705/mo, rent takes approximately 24% of the local median household income ($135,037/yr). The standard benchmark is 30%. ZIP 98391 falls comfortably within that range.

What percentage of ZIP 98391 residents rent vs. own?

According to Census data, approximately 14.3% of ZIP 98391 households are renters, while 85.7% are owner-occupied. ZIP 98391 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98391 compare to the rest of Bonney Lake?

ZIP 98391 sits right at the Bonney Lake citywide median of $2,705/mo.

When was rent data for ZIP 98391 last updated?

Rent data for ZIP 98391 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,705/mo, rent takes ~24% of ZIP 98391's median household income ($135,037/yr). The standard benchmark is 30%.

ZIP 98391 24%Benchmark 30%
State income taxNone
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Schools nearby

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