The story of this market
The typical home in ZIP 98354 sells for about $749,950, or $325 per square foot.
Prices are up +7.8% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 98354 — Milton
The 98354 housing market is currently experiencing strong demand, evidenced by a 7.8% year-over-year price increase and a competitive sale-to-list ratio. Low inventory levels relative to buyer interest are driving prices upward, making it one of the hotter markets in the Greater Seattle area. The market remains resilient due to its strategic location for commuters and logistics-sector workers.
This ZIP is ideal for families and commuters who work in the Tacoma or South King County industrial corridors and desire a suburban environment with access to regional transit.
Median prices moved up 7.8% year over year.
Homes spend a median of 14 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 101.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 6.8% — 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 6.5%/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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98354, Pierce County WA
Crime rates in Milton are generally lower than the regional average for the Puget Sound area, with property crime being the primary concern.
Schools serving the 98354 area are primarily part of the Fife School District, which maintains average to above-average performance ratings.
The area faces moderate risks related to seismic activity common to Western Washington and localized flood risks in low-lying areas near the Hylebos Creek.
Milton serves as a residential bedroom community with proximity to major industrial and logistics hubs in the Port of Tacoma and South King County.
Property taxes are assessed by Pierce County based on local levies, school district bonds, and municipal rates; there is no state personal income tax in Washington.
Residents primarily commute via I-5 or SR-167 toward employment centers in Tacoma, Federal Way, and Seattle, with commute times averaging 30-40 minutes.
The area features several local parks including Milton Community Park and proximity to the Interurban Trail for cycling and walking.
The rental market is characterized by low vacancy rates and consistent demand from commuters seeking more affordable options than the Seattle core.
The local economy is heavily influenced by the logistics, warehousing, and manufacturing sectors centered around the Port of Tacoma and the I-5 corridor.
The area is served by Pierce Transit bus routes with connections to Sound Transit commuter rail stations in nearby cities.
Development is primarily focused on small-scale residential infill and commercial improvements along the Meridian Avenue corridor.
Pierce County Assessor-Treasurer manages property valuations and tax collections using a mass appraisal system.
Parcels are subject to Fife School District levies and various local fire and utility district assessments.
Property insurance premiums are rising due to regional wildfire risk assessments and general inflationary pressure on construction costs.
Washington State continues to see net positive domestic migration, though growth has moderated compared to the 2020-2022 period.
Washington is a non-judicial foreclosure state, requiring a specific notice of default process before trustee sales can occur.
Sellers are required to provide a comprehensive real property transfer disclosure statement covering known defects.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Wild Waves Theme and Water Park3.91.6 mi
- Sky Zone Trampoline Park4.114.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.315.3 mi
- Round1 Bowling & Arcade414.8 mi
- Round1 Bowling & Arcade - Puyallup3.86.5 mi
- Washington State Fair Event Center4.34.7 mi
- Tacoma Dome4.15.2 mi
- Topgolf Renton4.117.7 mi
- Wild Waves Theme and Water Park3.91.6 mi
- White River Amphitheatre4.19.7 mi
- Washington State Fair Event Center4.34.7 mi
- Point Defiance Zoo & Aquarium4.510.3 mi
- Chambers Bay Golf Course4.712.4 mi
- Point Defiance Park4.710.5 mi
- Dash Point State Park4.56 mi
- The Museum of Flight4.818.6 mi
- Museum of Glass4.55.5 mi
- LeMay - America’s Car Museum4.75.4 mi
- Children's Museum of Tacoma4.65.6 mi
- Tacoma Art Museum4.65.6 mi
- Chambers Bay Golf Course4.712.4 mi
- Point Defiance Park4.710.5 mi
- Dash Point State Park4.56 mi
- Sprinker Recreation Center4.510.5 mi
- Point Ruston4.79.3 mi
- Mercer Island Beach Club4.519.7 mi
- Tacoma Yacht Club4.79.9 mi
- Point Defiance Marina4.710.1 mi
- City of Des Moines Marina4.510.5 mi
- Foss Harbor Marina4.65.6 mi
- Chambers Bay Golf Course4.712.4 mi
- Meadow Park Golf Course4.59.8 mi
- Washington National Golf Club4.18.8 mi
- Riverbend Golf Complex4.29.4 mi
- High Cedars Golf Club4.19.9 mi
- Tacoma Mall4.17.5 mi
- The Outlet Collection Seattle4.24.8 mi
- WinCo Foods4.412.3 mi
- South Hill Mall4.16.5 mi
- Kent Station Shopping Center4.410.1 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.413.4 mi
- King County International Airport - Boeing Field4.519.8 mi
- Kenmore Air - Lake Union4.626.2 mi
- The Club SEA2.713.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central recreational space with sports fields and playgrounds.
Regional paved trail system connecting local communities.
Key-figure check: median price diverges 18.4% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $555,000 (-18.4% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.