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ZIP Code · WA

ZIP 98467

Pop. 15,387·Pierce County·172nd most expensive ZIP in Washington
Median rent (all units)
$1,682/mo
Year-over-Year
-10.5%
Month-over-Month
+1.0%
vs US Median
-$283
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98467 · $1,682
More affordable than 60% 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
$20,184/yr
At $1,682/mo median
Location
StateWA
CountyPierce County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 10.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-10.5% YoY, +1.0% 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

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Local insights

Tips for renters in ZIP 98467

About renting in ZIP 98467

Last updated: July 20, 2026

ZIP code 98467 covers University Place, WA. The median rent here is $1,682/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 22% of local median household income ($91,354/yr), ZIP 98467 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 10.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98467?

As of July 20, 2026, the median monthly rent in ZIP 98467 (University Place, WA) is $1,682. This is based on aggregated data from public sources and community submissions.

How does ZIP 98467 rent compare to the US average?

ZIP 98467's median rent of $1,682/mo is $283 (14%) below the US national median of $1,965/mo.

How does ZIP 98467 compare to other ZIPs in Washington?

ZIP 98467 is among the more affordable ZIP codes in Washington, ranking #172 out of 209 ZIPs at $1,682/mo.

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 $67,000/year (~$32/hour full-time) to afford the median rent of $1,682/mo in ZIP 98467. The local median household income is $91,354/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98467?

Rent in ZIP 98467 has decreased 10.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98467 an affordable place to rent?

ZIP 98467 is considered very affordable for renters. At $1,682/mo, rent takes approximately 22% of the local median household income ($91,354/yr). The standard benchmark is 30%. ZIP 98467 falls comfortably within that range.

What percentage of ZIP 98467 residents rent vs. own?

According to Census data, approximately 40.2% of ZIP 98467 households are renters, while 59.8% are owner-occupied. ZIP 98467 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98467 compare to the rest of University Place?

ZIP 98467 is more affordable than University Place overall. At $1,682/mo, it's $222 below the University Place citywide median of $1,904/mo.

When was rent data for ZIP 98467 last updated?

Rent data for ZIP 98467 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,682/mo, rent takes ~22% of ZIP 98467's median household income ($91,354/yr). The standard benchmark is 30%.

ZIP 98467 22%Benchmark 30%
State income taxNone
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