The story of this market
The typical home in ZIP 98038 sells for about $709,983, or $305 per square foot.
Prices are down 2.9% from a year ago, which gives buyers more room to negotiate. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,650 a month.
ZIP 98038 — Maple Valley
The 98038 housing market is currently experiencing a cooling phase with a slight decline in median home values and an increase in inventory. While demand remains competitive, the market is shifting toward a more balanced state as buyers exercise more caution. Current conditions are driven by broader regional economic trends and a slight pullback in buyer urgency.
This ZIP is ideal for family buyers and commuters who prioritize suburban space and high-quality schools over proximity to the urban core.
Median prices moved down 2.9% year over year.
Homes spend a median of 10 days on market with 2.1 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 99.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 98038, King County WA
The area is served by the Tahoma School District, which is generally characterized by high-performing schools and strong community support.
The region faces standard Pacific Northwest risks including windstorms and potential wildfire interface concerns in wooded areas, with flood risks primarily localized to specific drainage basins.
Maple Valley functions as a suburban commuter hub with ongoing residential development and increasing local commercial activity in the Four Corners area.
Property taxes are assessed by King County based on local millage rates which include state, county, city, and school district levies.
Residents primarily commute to Seattle and Bellevue via SR 169 and SR 18, with travel times heavily dependent on peak-hour traffic congestion.
The area features extensive access to outdoor amenities including Lake Wilderness Park, the Cedar River Trail, and various community golf courses and shopping centers.
The rental market is characterized by moderate vacancy pressure and steady demand from families seeking suburban housing, with limited short-term rental saturation.
The local economy is driven by service, retail, and professional sectors, with most residents employed in the broader Seattle-Bellevue tech and aerospace corridors.
Transportation relies heavily on private vehicles via SR 169 and SR 18; public transit is limited to regional bus connections.
Development is focused on residential infill and commercial expansion within the existing urban growth boundary.
King County Department of Assessments performs annual revaluations based on market sales data.
Parcels are subject to Tahoma School District levies and various local utility district assessments.
Premiums are influenced by regional wildfire and windstorm risk profiles common to King County.
Data retrieved from data.census.gov ZCTA 98038 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Remlinger Farms4.316.4 mi
- Wild Waves Theme and Water Park3.918.3 mi
- Sky Zone Trampoline Park4.113.2 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.313.1 mi
- Round1 Bowling & Arcade413.5 mi
- Topgolf Renton4.112.3 mi
- Remlinger Farms4.316.4 mi
- Wild Waves Theme and Water Park3.918.3 mi
- White River Amphitheatre4.113.4 mi
- accesso ShoWare Center4.512.4 mi
- Gene Coulon Memorial Beach Park4.612.5 mi
- Lake Sammamish State Park4.711.1 mi
- Snoqualmie Falls4.811.3 mi
- Poo Poo Point Trailhead4.76.7 mi
- AMC Kent Station 144.412.1 mi
- The Museum of Flight4.816.8 mi
- KidsQuest Children's Museum4.517.9 mi
- El Centro de la Raza (The Center of People of All Races)4.519.6 mi
- Pacific Bonsai Museum4.817.1 mi
- Northwest Railway Museum, Snoqualmie Depot4.510.9 mi
- Rattlesnake Ledge Trailhead4.89.9 mi
- Gene Coulon Memorial Beach Park4.612.5 mi
- Lake Sammamish State Park4.711.1 mi
- Snoqualmie Falls4.811.3 mi
- Poo Poo Point Trailhead4.76.7 mi
- Mercer Island Beach Club4.514.1 mi
- City of Des Moines Marina4.516.5 mi
- Seattle Boat Company - Newport4.815.2 mi
- Newport Yacht Club4.615.1 mi
- Lakewood Marina4.417.3 mi
- Topgolf Renton4.112.3 mi
- The Golf Club at Newcastle4.411.7 mi
- The Club at Snoqualmie Ridge4.510.4 mi
- Washington National Golf Club4.110.7 mi
- Maplewood Golf Course4.39.6 mi
- WinCo Foods4.411.3 mi
- Kent Station Shopping Center4.412.2 mi
- North Bend Premium Outlets4.210.2 mi
- The Landing4.412.2 mi
- Fred Meyer412.3 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.415.3 mi
- King County International Airport - Boeing Field4.517.6 mi
- Kenmore Air - Lake Union4.622.8 mi
- Kenmore Air - Lake Washington4.527.4 mi
- The Club SEA2.715.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major community hub featuring a lake, beach, and trails.
A regional paved trail popular for cycling and walking.
Primary retail and dining district for the city.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).