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ZIP Code · WA

ZIP 98404

Part of Tacoma, WA
Pop. 35,961·Pierce County·102nd most expensive ZIP in Washington
Median rent (all units)
$2,054/mo
Year-over-Year
+6.0%
Month-over-Month
-5.0%
vs US Median
+$92
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98404 · $2,054
More expensive than 63% of US ZIP codes · National median $1,962/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: August 17, 2026

Annual cost
$24,648/yr
At $2,054/mo median
Location
CityTacoma
StateWA
CountyPierce County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 6.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+6.0% YoY, -5.0% MoM), not inventory.
Demographics

Who lives here

ZIP 98404 (Tacoma, WA) is majority owner-occupied, has a large share of families with children, 21.7% of residents hold a bachelor's degree or higher.

Population
35,961
Median income
$82,191
Median age
35.1
Renters
31.4%
Age distribution
25.2%
24.5%
28.3%
Under 1825.2%
18–3424.5%
35–5428.3%
55–6410.1%
65+11.9%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
40.2%
22.9%
16.7%
White40.2%
Black11.4%
Hispanic22.9%
Asian16.7%
Other8.7%
Education (25+)
15.8%
30.8%
31.6%
21.7%
No HS diploma15.8%
HS diploma30.8%
Some college31.6%
Bachelor's+21.7%
Housing tenure
68.6%
31.4%
Owner68.6%
Renter31.4%

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

2021 vs 2026

How ZIP 98404 in Tacoma, WA has changed in 5 years

Income
$62,741 → $82,191
up 31.0%
Population
35,357 → 35,961
up 1.7%
Renter share
36.8% → 31.4%
-5.4 pts
Bachelor's+
17.5% → 21.7%
+4.2 pts
Median age
34.6 → 35.1
+0.5 yrs

Census figures show median household income at $82,191 today, compared with $62,741 five years earlier. Headcount in the area went from 35,357 to 35,961 between 2021 and 2024, a 1.7% change. About 31.4% of households rent today, against 36.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.5% to 21.7%.

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Local insights

Tips for renters in ZIP 98404

About renting in ZIP 98404

Last updated: August 17, 2026

ZIP code 98404 covers Tacoma, WA. The median rent here is $2,054/mo as of August 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,860/mo.

At 30% of local median household income ($82,191/yr), ZIP 98404 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98404?

As of August 17, 2026, the median monthly rent in ZIP 98404 (Tacoma, WA) is $2,054. This is based on aggregated data from public sources and community submissions.

How does ZIP 98404 rent compare to the US average?

ZIP 98404's median rent of $2,054/mo is $92 (5%) above the US national median of $1,962/mo.

How does ZIP 98404 compare to other ZIPs in Washington?

ZIP 98404 falls in the middle range for Washington, ranking #102 out of 207 ZIPs at $2,054/mo.

How much income do you need to rent in ZIP 98404?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,054/mo in ZIP 98404. The local median household income is $82,191/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98404?

Rent in ZIP 98404 has increased 6.0% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 98404 an affordable place to rent?

ZIP 98404 is considered moderate for renters. At $2,054/mo, rent takes approximately 30% of the local median household income ($82,191/yr). The standard benchmark is 30%. ZIP 98404 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 98404 residents rent vs. own?

According to Census data, approximately 31.4% of ZIP 98404 households are renters, while 68.6% are owner-occupied. ZIP 98404 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98404 compare to the rest of Tacoma?

ZIP 98404 is pricier than Tacoma as a whole. At $2,054/mo, it's $294 above the Tacoma citywide median of $1,760/mo.

When was rent data for ZIP 98404 last updated?

Rent data for ZIP 98404 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $2,054/mo, rent takes ~30% of ZIP 98404's median household income ($82,191/yr). The standard benchmark is 30%.

ZIP 98404 30%Benchmark 30%
State income taxNone
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