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ZIP Code · WA

ZIP 98403

Part of Tacoma, WA
Pop. 9,097·Pierce County·152nd most expensive ZIP in Washington
Median rent (all units)
$1,828/mo
Year-over-Year
+14.5%
Month-over-Month
+0.8%
vs US Median
-$137
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98403 · $1,828
More expensive than 50% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,510
2 BR
$1,860
3 BR
$2,600
4 BR+
$2,970
Research median
$1,860/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
$21,936/yr
At $1,828/mo median
Location
CityTacoma
StateWA
CountyPierce County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.5% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 98403 (Tacoma, WA) is majority renter-occupied, 64.2% of residents hold a bachelor's degree or higher.

Population
9,097
Median income
$88,056
Median age
39.4
Renters
60.3%
Age distribution
14.4%
27.5%
30.3%
17.4%
Under 1814.4%
18–3427.5%
35–5430.3%
55–6410.4%
65+17.4%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
72.7%
White72.7%
Black5.5%
Hispanic9%
Asian4.2%
Other8.6%
Education (25+)
14.4%
18.6%
64.2%
No HS diploma2.8%
HS diploma14.4%
Some college18.6%
Bachelor's+64.2%
Housing tenure
39.7%
60.3%
Owner39.7%
Renter60.3%

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

2021 vs 2026

How ZIP 98403 in Tacoma, WA has changed in 5 years

Rent
$1,302 → $1,828
up 40.4%
Income
$73,025 → $88,056
up 20.6%
Population
8,441 → 9,097
up 7.8%
Renter share
59.7% → 60.3%
+0.6 pts
Bachelor's+
58.7% → 64.2%
+5.5 pts
Median age
35.8 → 39.4
+3.6 yrs

Rent in ZIP 98403 in Tacoma, WA has increased 40.4% since 2021, going from about $1,302 per month to roughly $1,828 today. Household income in the area moved from $73,025 to $88,056 across the same window, up 20.6% versus 2021. Rent outpaced income growth by roughly 19.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 8,441 to 9,097 between 2021 and 2024, a 7.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 58.7% to 64.2%. Reading these numbers side by side helps frame whether current listings in ZIP 98403 in Tacoma, WA look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 98403

About renting in ZIP 98403

Last updated: July 20, 2026

ZIP code 98403 covers Tacoma, WA. The median rent here is $1,828/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,860/mo.

At 25% of local median household income ($88,056/yr), ZIP 98403 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98403?

As of July 20, 2026, the median monthly rent in ZIP 98403 (Tacoma, WA) is $1,828. This is based on aggregated data from public sources and community submissions.

How does ZIP 98403 rent compare to the US average?

ZIP 98403's median rent of $1,828/mo is $137 (7%) below the US national median of $1,965/mo.

How does ZIP 98403 compare to other ZIPs in Washington?

ZIP 98403 is among the more affordable ZIP codes in Washington, ranking #152 out of 209 ZIPs at $1,828/mo.

How much income do you need to rent in ZIP 98403?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,828/mo in ZIP 98403. The local median household income is $88,056/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98403?

Rent in ZIP 98403 has increased 14.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98403 an affordable place to rent?

ZIP 98403 is considered affordable for renters. At $1,828/mo, rent takes approximately 25% of the local median household income ($88,056/yr). The standard benchmark is 30%. ZIP 98403 falls comfortably within that range.

What percentage of ZIP 98403 residents rent vs. own?

According to Census data, approximately 60.3% of ZIP 98403 households are renters, while 39.7% are owner-occupied. With a majority renter population, ZIP 98403 has a strong rental market.

How does ZIP 98403 compare to the rest of Tacoma?

ZIP 98403 is pricier than Tacoma as a whole. At $1,828/mo, it's $79 above the Tacoma citywide median of $1,749/mo.

When was rent data for ZIP 98403 last updated?

Rent data for ZIP 98403 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,828/mo, rent takes ~25% of ZIP 98403's median household income ($88,056/yr). The standard benchmark is 30%.

ZIP 98403 25%Benchmark 30%
State income taxNone
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Public schools near ZIP 98403 (Tacoma, WA)

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