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ZIP Code 98851

Learn about the people, housing, costs and businesses in 98851

Median Home$232,497
Median Rent$827/month
Population4,609
Leading IndustriesConstruction · Agriculture & Mining · Professional Services21% construction
Home Value Growth⬆⬆⬆+25.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners68% of occupied units
NotableVeteran Community10% of residents · top 16% nationally
ZIP Code
98851

Frequently Asked Questions

What are today's mortgage rates in ZIP code 98851?

As of today, the 30-year fixed mortgage rate for ZIP code 98851 is approximately 6.917% (6.954% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 98851
What is the median home price in ZIP code 98851?

The median home value in ZIP code 98851 is $232k. The median monthly rent is $827. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 98851?

Home values in ZIP code 98851 have increased 25.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 98851?

Based on a typical all-in ownership cost of $775/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 98851 is $53k/year.

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What industries drive the economy in ZIP code 98851?

The largest employment sectors in ZIP code 98851 are agriculture and mining (21%) and construction (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.