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ZIP Code · WA

ZIP 98465

Part of Tacoma, WA
Pop. 7,178·Pierce County·107th most expensive ZIP in Washington
Median rent (all units)
$2,039/mo
Year-over-Year
+12.2%
Month-over-Month
-2.7%
vs US Median
+$74
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98465 · $2,039
More expensive than 63% 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
$24,468/yr
At $2,039/mo median
Location
CityTacoma
StateWA
CountyPierce County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.2% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98465 (Tacoma, WA) is roughly split between renters and owners, has a large retiree population, 43.9% of residents hold a bachelor's degree or higher.

Population
7,178
Median income
$73,226
Median age
42
Renters
46.9%
Age distribution
15.6%
25.8%
23.3%
13.6%
21.6%
Under 1815.6%
18–3425.8%
35–5423.3%
55–6413.6%
65+21.6%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
64.4%
12.9%
White64.4%
Black12.9%
Hispanic11.1%
Asian4.8%
Other6.7%
Education (25+)
21.4%
31.1%
43.9%
No HS diploma3.5%
HS diploma21.4%
Some college31.1%
Bachelor's+43.9%
Housing tenure
53.1%
46.9%
Owner53.1%
Renter46.9%

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

2021 vs 2026

How ZIP 98465 in Tacoma, WA has changed in 5 years

Income
$65,143 → $73,226
up 12.4%
Population
7,092 → 7,178
up 1.2%
Renter share
48.7% → 46.9%
-1.8 pts
Bachelor's+
38% → 43.9%
+5.9 pts

On the earnings side, the typical household in ZIP 98465 in Tacoma, WA now reports about $73,226, up from $65,143 in 2021. The population has grown by 1.2% since 2021, moving from about 7,092 residents to roughly 7,178. Renters now make up 46.9% of households, compared with 48.7% five years ago. College-educated residents now make up 43.9% of adults here, versus 38% in 2021.

Community

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Local insights

Tips for renters in ZIP 98465

About renting in ZIP 98465

Last updated: July 20, 2026

ZIP code 98465 covers Tacoma, WA. The median rent here is $2,039/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 33% of local median household income ($73,226/yr), ZIP 98465 ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98465?

As of July 20, 2026, the median monthly rent in ZIP 98465 (Tacoma, WA) is $2,039. This is based on aggregated data from public sources and community submissions.

How does ZIP 98465 rent compare to the US average?

ZIP 98465's median rent of $2,039/mo is $74 (4%) above the US national median of $1,965/mo.

How does ZIP 98465 compare to other ZIPs in Washington?

ZIP 98465 falls in the middle range for Washington, ranking #107 out of 209 ZIPs at $2,039/mo.

How much income do you need to rent in ZIP 98465?

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 $2,039/mo in ZIP 98465. The local median household income is $73,226/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 98465?

Rent in ZIP 98465 has increased 12.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98465 an affordable place to rent?

ZIP 98465 is considered moderate for renters. At $2,039/mo, rent takes approximately 33% of the local median household income ($73,226/yr). The standard benchmark is 30%. ZIP 98465 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 98465 residents rent vs. own?

According to Census data, approximately 46.9% of ZIP 98465 households are renters, while 53.1% are owner-occupied. ZIP 98465 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98465 compare to the rest of Tacoma?

ZIP 98465 is pricier than Tacoma as a whole. At $2,039/mo, it's $290 above the Tacoma citywide median of $1,749/mo.

When was rent data for ZIP 98465 last updated?

Rent data for ZIP 98465 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $2,039/mo, rent takes ~33% of ZIP 98465's median household income ($73,226/yr). The standard benchmark is 30%.

ZIP 98465 33%Benchmark 30%
State income taxNone
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