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ZIP Code · WA

ZIP 98408

Part of Tacoma, WA
Pop. 21,009·Pierce County·201st most expensive ZIP in Washington
Median rent (all units)
$1,351/mo
Year-over-Year
-19.3%
Month-over-Month
+4.7%
vs US Median
-$614
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98408 · $1,351
More affordable than 84% 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
$16,212/yr
At $1,351/mo median
Location
CityTacoma
StateWA
CountyPierce County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 19.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-19.3% YoY, +4.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98408 (Tacoma, WA) is majority owner-occupied, 25.6% of residents hold a bachelor's degree or higher.

Population
21,009
Median income
$80,899
Median age
38.1
Renters
28.7%
Age distribution
21.5%
23.6%
27.4%
13.2%
14.3%
Under 1821.5%
18–3423.6%
35–5427.4%
55–6413.2%
65+14.3%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
55.6%
12.8%
White55.6%
Black8.8%
Hispanic11%
Asian11.8%
Other12.8%
Education (25+)
28.9%
35.8%
25.6%
No HS diploma9.7%
HS diploma28.9%
Some college35.8%
Bachelor's+25.6%
Housing tenure
71.3%
28.7%
Owner71.3%
Renter28.7%

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

2021 vs 2026

How ZIP 98408 in Tacoma, WA has changed in 5 years

Income
$64,297 → $80,899
up 25.8%
Population
22,016 → 21,009
down 4.6%
Renter share
35.7% → 28.7%
-7.0 pts
Bachelor's+
21.3% → 25.6%
+4.3 pts

Median household income climbed from $64,297 to $80,899 between 2021 and 2024, a 25.8% shift. Census counts show ZIP 98408 in Tacoma, WA losing about 1,007 residents over the five-year window, down 4.6% on net. The renter share has eased from 35.7% to 28.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.3% to 25.6% across the same window.

Community

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Local insights

Tips for renters in ZIP 98408

About renting in ZIP 98408

Last updated: July 20, 2026

ZIP code 98408 covers Tacoma, WA. The median rent here is $1,351/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 20% of local median household income ($80,899/yr), ZIP 98408 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 19.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98408?

As of July 20, 2026, the median monthly rent in ZIP 98408 (Tacoma, WA) is $1,351. This is based on aggregated data from public sources and community submissions.

How does ZIP 98408 rent compare to the US average?

ZIP 98408's median rent of $1,351/mo is $614 (31%) below the US national median of $1,965/mo.

How does ZIP 98408 compare to other ZIPs in Washington?

ZIP 98408 is among the more affordable ZIP codes in Washington, ranking #201 out of 209 ZIPs at $1,351/mo.

How much income do you need to rent in ZIP 98408?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,351/mo in ZIP 98408. The local median household income is $80,899/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98408?

Rent in ZIP 98408 has decreased 19.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98408 an affordable place to rent?

ZIP 98408 is considered very affordable for renters. At $1,351/mo, rent takes approximately 20% of the local median household income ($80,899/yr). The standard benchmark is 30%. ZIP 98408 falls comfortably within that range.

What percentage of ZIP 98408 residents rent vs. own?

According to Census data, approximately 28.7% of ZIP 98408 households are renters, while 71.3% are owner-occupied. ZIP 98408 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98408 compare to the rest of Tacoma?

ZIP 98408 is more affordable than Tacoma overall. At $1,351/mo, it's $398 below the Tacoma citywide median of $1,749/mo.

When was rent data for ZIP 98408 last updated?

Rent data for ZIP 98408 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,351/mo, rent takes ~20% of ZIP 98408's median household income ($80,899/yr). The standard benchmark is 30%.

ZIP 98408 20%Benchmark 30%
State income taxNone
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Public schools near ZIP 98408 (Tacoma, WA)

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