ZIP Code · WA

ZIP 98424

Part of Fife, WA

Pop. 11,816·Pierce County·151st most expensive ZIP in Washington

Median rent (all units)

$1,800/mo

Year-over-Year

+1.6%

Month-over-Month

-0.4%

vs US Median

-$132

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98424 · $1,800

More affordable than 51% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,510

1 BR

$1,700

2 BR

$2,090

3 BR

$2,900

4 BR+

$3,290

Research median

$2,090/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 98424 is 0.4% below its high of $1,808 in August 2026, at $1,800 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98424 changed +1.6% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($94,122) is $2,353 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,090); a 3-bedroom is $2,900.

Cheaper nearby

ZIP 98408, 5 miles away, rents for 12% less ($1,581/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98424. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,600/yr

At $1,800/mo median

Location

CityFife

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 (+1.6% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 98424 (Fife, WA) is roughly split between renters and owners, has a large share of families with children, has a median income above the national average, 27.9% of residents hold a bachelor's degree or higher.

Population

11,816

Median income

$94,122

Median age

31.6

Renters

50.9%

Age distribution

26.7%

29.9%

26.2%

Under 1826.7%

18–3429.9%

35–5426.2%

55–649.9%

65+7.3%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

40.4%

14.4%

14.2%

15.9%

15.1%

White40.4%

Black14.4%

Hispanic14.2%

Asian15.9%

Other15.1%

Education (25+)

26.2%

36.9%

27.9%

No HS diploma9.1%

HS diploma26.2%

Some college36.9%

Bachelor's+27.9%

Housing tenure

49.1%

50.9%

Owner49.1%

Renter50.9%

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

2022 vs 2026

How ZIP 98424 in Fife, WA has changed in 5 years

Rent

$1,729 → $1,800

up 4.1%

Income

$78,257 → $94,122

up 20.3%

Population

12,019 → 11,816

down 1.7%

Renter share

53.4% → 50.9%

-2.5 pts

Bachelor's+

25.4% → 27.9%

+2.5 pts

The median rent in ZIP 98424 in Fife, WA stood at $1,729 in 2022 and currently runs about $1,800, reflecting a 4.1% increase over the period. Median household income rose from $78,257 to $94,122 between 2021 and 2024, a 20.3% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 1.7% since 2021, moving from about 12,019 residents to roughly 11,816. Renters now make up 50.9% of households, compared with 53.4% five years ago. College-educated residents now make up 27.9% of adults here, versus 25.4% in 2021. Taken together, the five-year picture in ZIP 98424 in Fife, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 98424

Last updated: October 17, 2026

ZIP code 98424 covers Fife, WA. The median rent here is $1,800/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $2,090/mo.

At 23% of local median household income ($94,122/yr), ZIP 98424 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98424?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,800/mo in ZIP 98424. The local median household income is $94,122/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98424?

Rent in ZIP 98424 has risen 1.6% over the past year as of September 2026. It sits 0.4% below its high of $1,808 in August 2026.

How does ZIP 98424 compare to other ZIPs in Washington?

ZIP 98424 is one of the more affordable among Washington ZIP codes for rent, ranking #151 of 207 at $1,800/mo. Over the year to September 2026, rent in ZIP 98424 changed +1.6%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.