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ZIP Code · WA

ZIP 98499

Part of Lakewood, WA
Pop. 32,464·Pierce County·175th most expensive ZIP in Washington
Median rent (all units)
$1,676/mo
Year-over-Year
-1.2%
Month-over-Month
+0.1%
vs US Median
-$289
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 98499 · $1,676
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
$20,112/yr
At $1,676/mo median
Location
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 (-1.2% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 98499 (Lakewood, WA) is majority renter-occupied, 18.5% of residents hold a bachelor's degree or higher.

Population
32,464
Median income
$67,292
Median age
36.2
Renters
62.1%
Age distribution
20.6%
27.9%
22.9%
12.4%
16.2%
Under 1820.6%
18–3427.9%
35–5422.9%
55–6412.4%
65+16.2%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
43.8%
16.9%
22.7%
White43.8%
Black16.9%
Hispanic22.7%
Asian6.7%
Other9.8%
Education (25+)
13.6%
30.1%
37.8%
18.5%
No HS diploma13.6%
HS diploma30.1%
Some college37.8%
Bachelor's+18.5%
Housing tenure
37.9%
62.1%
Owner37.9%
Renter62.1%

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

2021 vs 2026

How ZIP 98499 in Lakewood, WA has changed in 5 years

Rent
$1,423 → $1,676
up 17.8%
Income
$55,053 → $67,292
up 22.2%
Population
33,589 → 32,464
down 3.3%
Renter share
64.6% → 62.1%
-2.5 pts
Bachelor's+
20.2% → 18.5%
-1.7 pts
Median age
34.5 → 36.2
+1.7 yrs

The median rent in ZIP 98499 in Lakewood, WA stood at $1,423 in 2021 and currently runs about $1,676, reflecting a 17.8% increase over the period. Census figures show median household income at $67,292 today, compared with $55,053 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 3.3% since 2021, moving from about 33,589 residents to roughly 32,464. Renters now make up 62.1% of households, compared with 64.6% five years ago. 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 98499

Last updated: July 20, 2026

ZIP code 98499 covers Lakewood, WA. The median rent here is $1,676/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 30% of local median household income ($67,292/yr), ZIP 98499 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98499?

As of July 20, 2026, the median monthly rent in ZIP 98499 (Lakewood, WA) is $1,676. This is based on aggregated data from public sources and community submissions.

How does ZIP 98499 rent compare to the US average?

ZIP 98499's median rent of $1,676/mo is $289 (15%) below the US national median of $1,965/mo.

How does ZIP 98499 compare to other ZIPs in Washington?

ZIP 98499 is among the more affordable ZIP codes in Washington, ranking #175 out of 209 ZIPs at $1,676/mo.

How much income do you need to rent in ZIP 98499?

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 $1,676/mo in ZIP 98499. The local median household income is $67,292/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98499?

Rent in ZIP 98499 has decreased 1.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98499 an affordable place to rent?

ZIP 98499 is considered moderate for renters. At $1,676/mo, rent takes approximately 30% of the local median household income ($67,292/yr). The standard benchmark is 30%. ZIP 98499 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 98499 residents rent vs. own?

According to Census data, approximately 62.1% of ZIP 98499 households are renters, while 37.9% are owner-occupied. With a majority renter population, ZIP 98499 has a strong rental market.

How does ZIP 98499 compare to the rest of Lakewood?

ZIP 98499 is more affordable than Lakewood overall. At $1,676/mo, it's $32 below the Lakewood citywide median of $1,708/mo.

When was rent data for ZIP 98499 last updated?

Rent data for ZIP 98499 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,676/mo, rent takes ~30% of ZIP 98499's median household income ($67,292/yr). The standard benchmark is 30%.

ZIP 98499 30%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98499 (Lakewood, WA)

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