The story of this market
The typical home in ZIP 98406 sells for about $586,000, or $306 per square foot.
Prices are down 8% from a year ago, which gives buyers more room to negotiate. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,064 a month.
ZIP 98406 — Tacoma
The 98406 housing market is experiencing a correction with median prices down 8% year-over-year to $586,000. Sales volume has declined and days on market have increased, reflecting a cooling trend compared to previous years. Several metrics, including sale-to-list ratio and specific tax data, are not currently published at the ZIP level.
This ZIP is well-suited for families and professionals seeking a historic, walkable neighborhood with strong community amenities and proximity to the University of Puget Sound.
Median prices moved down 8.0% year over year.
Homes spend a median of 18 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 98406, Pierce County WA
The area is served by Tacoma Public Schools, with several neighborhood schools in the North End generally regarded as stable and well-integrated into the community.
The area benefits from proximity to the University of Puget Sound and the Proctor District, which serves as a local economic and retail anchor.
Residents primarily commute via N. Proctor St and N. 26th St toward downtown Tacoma and the Port of Tacoma industrial area.
The ZIP features significant access to Point Defiance Park, the Ruston Way waterfront, and the historic Proctor District shopping and dining area.
The rental market is characterized by a mix of single-family homes and smaller multi-family units, with demand supported by the nearby university and proximity to downtown.
The local economy is anchored by the University of Puget Sound, healthcare services, and proximity to the Port of Tacoma's logistics and trade sectors.
The area is served by Pierce Transit bus routes connecting to downtown Tacoma and the broader regional transit network.
Development is largely focused on infill residential projects and the revitalization of neighborhood commercial corridors like the Proctor District.
Parcels are subject to Tacoma Public Schools and Pierce County taxing jurisdictions.
foreclosure_note
Data sourced from MapOfZipCodes and IncomeByZipCode based on 2020 Census figures.
- Wild Waves Theme and Water Park3.98.7 mi
- Sky Zone Trampoline Park4.117.5 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.318.4 mi
- Round1 Bowling & Arcade417.8 mi
- Round1 Bowling & Arcade - Puyallup3.811.7 mi
- Washington State Fair Event Center4.310.9 mi
- Tacoma Dome4.13.7 mi
- Wild Waves Theme and Water Park3.98.7 mi
- accesso ShoWare Center4.514.9 mi
- White River Amphitheatre4.118.1 mi
- Washington State Fair Event Center4.310.9 mi
- Point Defiance Zoo & Aquarium4.53.2 mi
- Chambers Bay Golf Course4.75.4 mi
- Point Defiance Park4.73.4 mi
- Dash Point State Park4.55.6 mi
- Museum of Glass4.53.2 mi
- LeMay - America’s Car Museum4.73.6 mi
- Children's Museum of Tacoma4.62.9 mi
- Tacoma Art Museum4.63 mi
- Washington State History Museum4.63.1 mi
- Chambers Bay Golf Course4.75.4 mi
- Point Defiance Park4.73.4 mi
- Dash Point State Park4.55.6 mi
- Sprinker Recreation Center4.510 mi
- Point Ruston4.72.6 mi
- Tacoma Yacht Club4.73.2 mi
- Point Defiance Marina4.73.3 mi
- Foss Harbor Marina4.62.9 mi
- Tyee Marina4.14.4 mi
- Narrows Marina4.53 mi
- Chambers Bay Golf Course4.75.4 mi
- Meadow Park Golf Course4.54.8 mi
- Allenmore Golf Course4.31.8 mi
- Oakbrook Golf Club4.25.1 mi
- Tacoma Country & Golf Club4.68.8 mi
- Tacoma Mall4.13.4 mi
- The Outlet Collection Seattle4.212.2 mi
- South Hill Mall4.111.8 mi
- WinCo Foods4.34.9 mi
- Metropolitan Market Tacoma4.60.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.415.6 mi
- King County International Airport - Boeing Field4.521.1 mi
- Kenmore Air - Lake Union4.626.4 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 massive regional park featuring trails, gardens, and waterfront access.
A historic neighborhood commercial hub with local boutiques, cafes, and a farmers market.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).