ZIP Code · WA

ZIP 98418

Part of Tacoma, WA

Pop. 10,264·Pierce County·166th most expensive ZIP in Washington

Median rent (all units)

$1,704/mo

Year-over-Year

+1.5%

Month-over-Month

-1.4%

vs US Median

-$228

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 98418 · $1,704

More affordable than 58% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 98418 is 3.2% below its high of $1,761 in March 2026, at $1,704 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98418 changed +1.5% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has fallen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($89,706) is $2,243 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,860); a 3-bedroom is $2,600.

Rank in Tacoma

5th cheapest of 11 ZIP codes in Tacoma.

From Zillow's monthly rent index (ZORI) for ZIP 98418. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,448/yr

At $1,704/mo median

Location

CityTacoma

StateWA

CountyPierce County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.5% YoY, -1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 98418 (Tacoma, WA) is majority owner-occupied, has a median income above the national average, 23.7% of residents hold a bachelor's degree or higher.

Population

10,264

Median income

$89,706

Median age

37.5

Renters

36.2%

Age distribution

16%

28.7%

30.4%

14.4%

Under 1816%

18–3428.7%

35–5430.4%

55–6410.5%

65+14.4%

Gender

54.6%

45.4%

Male54.6%

Female45.4%

Race & ethnicity

54.6%

17.4%

12.3%

White54.6%

Black8.5%

Hispanic17.4%

Asian7.2%

Other12.3%

Education (25+)

12.2%

34.5%

29.6%

23.7%

No HS diploma12.2%

HS diploma34.5%

Some college29.6%

Bachelor's+23.7%

Housing tenure

63.8%

36.2%

Owner63.8%

Renter36.2%

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

2022 vs 2026

How ZIP 98418 in Tacoma, WA has changed in 5 years

Rent

$1,462 → $1,704

up 16.6%

Income

$64,934 → $89,706

up 38.1%

Population

9,813 → 10,264

up 4.6%

Renter share

33% → 36.2%

+3.2 pts

Bachelor's+

20.8% → 23.7%

+2.9 pts

Across the past five years, the going rent in ZIP 98418 in Tacoma, WA has shifted from $1,462 to $1,704, up 16.6% since 2022. On the earnings side, the typical household in ZIP 98418 in Tacoma, WA now reports about $89,706, up from $64,934 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 98418 in Tacoma, WA adding about 451 residents over the five-year window, up 4.6% on net. The renter share has risen from 33% to 36.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 20.8% to 23.7% across the same window. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98418 in Tacoma, WA reflects that arc in its own way.

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About renting in ZIP 98418

Last updated: October 17, 2026

ZIP code 98418 covers Tacoma, WA. The median rent here is $1,704/mo as of October 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,860/mo.

At 23% of local median household income ($89,706/yr), ZIP 98418 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98418?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,704/mo in ZIP 98418. The local median household income is $89,706/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98418?

Rent in ZIP 98418 has risen 1.5% over the past year as of September 2026. It sits 3.2% below its high of $1,761 in March 2026.

How does ZIP 98418 compare to other ZIPs in Washington?

ZIP 98418 is one of the more affordable among Washington ZIP codes for rent, ranking #166 of 207 at $1,704/mo. Over the year to September 2026, rent in ZIP 98418 changed +1.5%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.