The story of this market
The typical home in ZIP 98405 sells for about $443,800, or $327 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,551 a month.
ZIP 98405 — Tacoma
The 98405 housing market is currently balanced, with prices showing modest growth and inventory remaining tight. Demand is supported by local buyers seeking affordability relative to the broader Seattle-Tacoma region, keeping the market stable despite higher interest rates.
This ZIP is well-suited for first-time buyers, renters, and investors seeking more affordable entry points into the Tacoma market compared to surrounding higher-priced neighborhoods.
Median prices moved up 1.0% year over year.
Homes spend a median of 46 days on market with 2.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 15.9% — 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 8.1%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98405, Pierce County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the 98405 area are generally higher than the national average, reflecting urban density and proximity to central Tacoma districts.
Schools serving the area are part of the Tacoma Public Schools district, with performance ratings varying significantly across individual neighborhood campuses.
The area is subject to standard Pacific Northwest seismic risks and localized urban flooding, with insurance premiums influenced by regional wildfire and wind exposure.
Economic momentum is driven by the broader Tacoma urban core, with ongoing revitalization efforts in the downtown and waterfront areas impacting surrounding residential demand.
Property taxes are assessed by Pierce County based on local millage rates, which include levies for schools, city services, and special utility districts.
Residents benefit from proximity to downtown Tacoma and major transit corridors, including I-5 and Sound Transit services, facilitating access to the broader Seattle-Tacoma employment hub.
The area features access to local parks, community centers, and proximity to the Tacoma waterfront, with shopping and dining options concentrated along 6th Avenue and the downtown core.
The rental market is characterized by high demand and a significant renter share, with a mix of older housing stock and multi-family units providing diverse options.
The economy is anchored by healthcare, education, and government sectors, with significant employment provided by the Port of Tacoma and nearby military installations.
The area is served by a network of arterial roads and public transit, with easy access to I-5 and regional rail connections.
Development is focused on urban infill and the modernization of existing residential and commercial properties.
The Pierce County Assessor-Treasurer manages property valuations and tax collections using a mass appraisal system.
Parcels are subject to various special districts, including school, fire, and utility districts that provide essential services.
Property insurance markets are stable but sensitive to regional hazard risks, including seismic and weather-related events.
Data retrieved from census.gov ZCTA 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.
- Wild Waves Theme and Water Park3.98 mi
- Sky Zone Trampoline Park4.117.7 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.318.7 mi
- Round1 Bowling & Arcade418.1 mi
- Round1 Bowling & Arcade - Puyallup3.810.3 mi
- Washington State Fair Event Center4.39.6 mi
- Tacoma Dome4.12.5 mi
- Wild Waves Theme and Water Park3.98 mi
- White River Amphitheatre4.117.2 mi
- accesso ShoWare Center4.514.8 mi
- Washington State Fair Event Center4.39.6 mi
- Point Defiance Zoo & Aquarium4.54.6 mi
- Chambers Bay Golf Course4.75.4 mi
- Point Defiance Park4.74.8 mi
- Dash Point State Park4.55.8 mi
- Museum of Glass4.52 mi
- LeMay - America’s Car Museum4.72.3 mi
- Children's Museum of Tacoma4.61.9 mi
- Tacoma Art Museum4.61.9 mi
- Washington State History Museum4.61.9 mi
- Chambers Bay Golf Course4.75.4 mi
- Point Defiance Park4.74.8 mi
- Dash Point State Park4.55.8 mi
- Sprinker Recreation Center4.58.7 mi
- Point Ruston4.73.8 mi
- Tacoma Yacht Club4.74.5 mi
- Point Defiance Marina4.74.6 mi
- City of Des Moines Marina4.512.8 mi
- Foss Harbor Marina4.62.1 mi
- Tyee Marina4.14.5 mi
- Chambers Bay Golf Course4.75.4 mi
- Meadow Park Golf Course4.54 mi
- Allenmore Golf Course4.30.4 mi
- Oakbrook Golf Club4.24.8 mi
- Tacoma Country & Golf Club4.68 mi
- Tacoma Mall4.12.1 mi
- The Outlet Collection Seattle4.211.5 mi
- South Hill Mall4.110.4 mi
- WinCo Foods4.33.6 mi
- Metropolitan Market Tacoma4.61.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.416 mi
- King County International Airport - Boeing Field4.521.7 mi
- Kenmore Air - Lake Union4.627.2 mi
- The Club SEA2.715.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides access to walking trails and scenic views.
A major local hub for restaurants and retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.