ZIP Code · WA

ZIP 98467

Part of University Place, WA

Pop. 15,387·Pierce County·167th most expensive ZIP in Washington

Median rent (all units)

$1,702/mo

Year-over-Year

-9.3%

Month-over-Month

+0.2%

vs US Median

-$230

Reported rents

Stable (Monthly)

Be the first to discuss 98467 rents ↓

Most AffordableMost Expensive

ZIP 98467 · $1,702

More affordable than 58% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Washington

Rent in ZIP 98467 changed -9.3% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($91,354) is $2,284 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,860); a 3-bedroom is $2,600.

From Zillow's monthly rent index (ZORI) for ZIP 98467. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,424/yr

At $1,702/mo median

Location

CityUniversity Place

StateWA

CountyPierce County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 9.3% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-9.3% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 98467 (University Place, WA) is majority owner-occupied, has a median income above the national average, 39.8% of residents hold a bachelor's degree or higher.

Population

15,387

Median income

$91,354

Median age

40.5

Renters

40.2%

Age distribution

22.6%

19.9%

25.4%

12.5%

19.5%

Under 1822.6%

18–3419.9%

35–5425.4%

55–6412.5%

65+19.5%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

58.9%

14.8%

White58.9%

Black10.5%

Hispanic10.1%

Asian14.8%

Other5.7%

Education (25+)

21.6%

33.7%

39.8%

No HS diploma4.9%

HS diploma21.6%

Some college33.7%

Bachelor's+39.8%

Housing tenure

59.8%

40.2%

Owner59.8%

Renter40.2%

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

2021 vs 2026

How ZIP 98467 in University Place, WA has changed in 5 years

Income

$86,021 → $91,354

up 6.2%

Population

15,382 → 15,387

up 0.0%

Renter share

40.2% → 40.2%

+0.0 pts

Bachelor's+

42.5% → 39.8%

-2.7 pts

Median age

39.5 → 40.5

+1.0 yrs

On the earnings side, the typical household in ZIP 98467 in University Place, WA now reports about $91,354, up from $86,021 in 2021. Bachelor's-degree-or-higher attainment moved from 42.5% to 39.8% across the same window.

Community

Discussions about ZIP 98467

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 98467

About renting in ZIP 98467

Last updated: October 17, 2026

ZIP code 98467 covers University Place, WA. The median rent here is $1,702/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 22% of local median household income ($91,354/yr), ZIP 98467 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98467?

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 $1,702/mo in ZIP 98467. The local median household income is $91,354/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98467?

Rent in ZIP 98467 has fallen 9.3% over the past year.

How does ZIP 98467 compare to other ZIPs in Washington?

ZIP 98467 is one of the more affordable among Washington ZIP codes for rent, ranking #167 of 207 at $1,702/mo. Over the year to September 2026, rent in ZIP 98467 changed -9.3%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.