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ZIP Code · WA

ZIP 98466

Pop. 30,327·Pierce County·126th most expensive ZIP in Washington
Median rent (all units)
$1,977/mo
Year-over-Year
+3.6%
Month-over-Month
+2.9%
vs US Median
+$12
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98466 · $1,977
More expensive than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,590
2 BR
$1,950
3 BR
$2,700
4 BR+
$3,070
Research median
$1,950/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
$23,724/yr
At $1,977/mo median
Location
StateWA
CountyPierce County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.6% YoY, +2.9% MoM), not inventory.
Demographics

Who lives here

ZIP 98466 (University Place, WA) is roughly split between renters and owners, has a median income above the national average, 44.7% of residents hold a bachelor's degree or higher.

Population
30,327
Median income
$101,778
Median age
39.9
Renters
46.8%
Age distribution
21.8%
21.4%
27.4%
18.5%
Under 1821.8%
18–3421.4%
35–5427.4%
55–6410.9%
65+18.5%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
65.9%
White65.9%
Black5.7%
Hispanic11.7%
Asian7.3%
Other9.4%
Education (25+)
20.4%
31.2%
44.7%
No HS diploma3.7%
HS diploma20.4%
Some college31.2%
Bachelor's+44.7%
Housing tenure
53.2%
46.8%
Owner53.2%
Renter46.8%

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

2021 vs 2026

How ZIP 98466 in University Place, WA has changed in 5 years

Rent
$1,544 → $1,977
up 28.0%
Income
$81,196 → $101,778
up 25.3%
Population
29,989 → 30,327
up 1.1%
Renter share
46.7% → 46.8%
+0.1 pts
Bachelor's+
41.8% → 44.7%
+2.9 pts
Median age
37.1 → 39.9
+2.8 yrs

Five years ago, renters in ZIP 98466 in University Place, WA paid around $1,544 a month. That figure now sits near $1,977, up 28.0% from the 2021 baseline. Census figures show median household income at $101,778 today, compared with $81,196 five years earlier. Census counts show ZIP 98466 in University Place, WA adding about 338 residents over the five-year window, up 1.1% on net. Bachelor's-degree-or-higher attainment moved from 41.8% to 44.7% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 98466

Last updated: July 20, 2026

ZIP code 98466 covers University Place, WA. The median rent here is $1,977/mo as of July 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,950/mo.

At 23% of local median household income ($101,778/yr), ZIP 98466 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98466?

As of July 20, 2026, the median monthly rent in ZIP 98466 (University Place, WA) is $1,977. This is based on aggregated data from public sources and community submissions.

How does ZIP 98466 rent compare to the US average?

ZIP 98466's median rent of $1,977/mo is $12 (1%) above the US national median of $1,965/mo.

How does ZIP 98466 compare to other ZIPs in Washington?

ZIP 98466 falls in the middle range for Washington, ranking #126 out of 209 ZIPs at $1,977/mo.

How much income do you need to rent in ZIP 98466?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,977/mo in ZIP 98466. The local median household income is $101,778/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98466?

Rent in ZIP 98466 has increased 3.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98466 an affordable place to rent?

ZIP 98466 is considered very affordable for renters. At $1,977/mo, rent takes approximately 23% of the local median household income ($101,778/yr). The standard benchmark is 30%. ZIP 98466 falls comfortably within that range.

What percentage of ZIP 98466 residents rent vs. own?

According to Census data, approximately 46.8% of ZIP 98466 households are renters, while 53.2% are owner-occupied. ZIP 98466 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98466 compare to the rest of University Place?

ZIP 98466 is pricier than University Place as a whole. At $1,977/mo, it's $73 above the University Place citywide median of $1,904/mo.

When was rent data for ZIP 98466 last updated?

Rent data for ZIP 98466 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,977/mo, rent takes ~23% of ZIP 98466's median household income ($101,778/yr). The standard benchmark is 30%.

ZIP 98466 23%Benchmark 30%
State income taxNone
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