The story of this market
The typical home in ZIP 98416 sells for about $500,000, or $327 per square foot.
Prices are up +4.6% from a year ago, so sellers still have some momentum. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 98416 — Tacoma
ZIP 98416 is a unique institutional ZIP code entirely occupied by the University of Puget Sound, resulting in no traditional residential market data. Market figures provided reflect the broader Tacoma city housing market, which is currently a seller's market with limited inventory and rising prices. Buyers in the surrounding area face high competition, while this specific ZIP remains non-residential.
This ZIP is not suitable for traditional residential buyers or renters as it is a unique institutional ZIP code dedicated to the University of Puget Sound campus.
Median prices moved up 4.6% year over year.
Homes spend a median of 11 days on market with 2.8 months of supply — a fast-moving market.
44% of listings have cut prices · homes sell at 100.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.0% · poverty 0.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98416, 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.
Not determinable for this specific ZIP code, which is primarily institutional campus housing.
The ZIP code is entirely occupied by the University of Puget Sound campus, meaning there are no residential public schools assigned to this specific ZCTA.
The area is subject to standard regional risks for Pierce County, including seismic activity and potential windstorms, but lacks specific localized hazard data for this institutional ZIP.
The ZIP is defined by the University of Puget Sound, which serves as the primary anchor and economic driver for this specific geography.
Property taxes are assessed by Pierce County based on the local millage rate; this ZIP is primarily tax-exempt institutional property.
Located in North Tacoma, this area offers a short commute to downtown Tacoma and easy access to the I-5 corridor for regional travel.
The ZIP is centered on the University of Puget Sound campus, providing access to collegiate athletic facilities, green spaces, and proximity to the Proctor District's shopping and dining.
The rental market in this ZIP is almost exclusively comprised of university-managed student housing, with no traditional residential rental market.
The economy of this ZIP is dominated by the University of Puget Sound, which provides employment and educational services to the region.
Served by Pierce Transit bus routes connecting to downtown Tacoma and the broader Pierce County transit network.
Development is limited to university-led campus infrastructure projects.
The Pierce County Assessor-Treasurer manages property valuations and tax collections for all parcels within the county.
Parcels in this area are subject to Tacoma School District and Pierce County taxing jurisdictions.
Standard residential insurance policies apply to the surrounding Tacoma area, though institutional properties carry specialized coverage.
Washington is a non-judicial foreclosure state with specific notice requirements for homeowners.
Washington law requires sellers to provide a detailed property disclosure statement to buyers regarding the condition of the home.
Data derived from ZCTA 98416 census profiles and Tacoma city-level aggregates.
- Wild Waves Theme and Water Park3.97.9 mi
- Sky Zone Trampoline Park4.116.9 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.317.9 mi
- Round1 Bowling & Arcade417.2 mi
- Round1 Bowling & Arcade - Puyallup3.811.2 mi
- Washington State Fair Event Center4.310.3 mi
- Tacoma Dome4.13.1 mi
- Wild Waves Theme and Water Park3.97.9 mi
- White River Amphitheatre4.117.4 mi
- accesso ShoWare Center4.514.2 mi
- Washington State Fair Event Center4.310.3 mi
- Point Defiance Zoo & Aquarium4.53.5 mi
- Chambers Bay Golf Course4.76 mi
- Point Defiance Park4.73.7 mi
- Dash Point State Park4.55 mi
- The Museum of Flight4.819.7 mi
- Museum of Glass4.52.5 mi
- LeMay - America’s Car Museum4.73 mi
- Children's Museum of Tacoma4.62.3 mi
- Tacoma Art Museum4.62.3 mi
- Chambers Bay Golf Course4.76 mi
- Point Defiance Park4.73.7 mi
- Dash Point State Park4.55 mi
- Sprinker Recreation Center4.59.9 mi
- Point Ruston4.72.6 mi
- Tacoma Yacht Club4.73.4 mi
- Point Defiance Marina4.73.5 mi
- City of Des Moines Marina4.511.9 mi
- Foss Harbor Marina4.62.2 mi
- Tyee Marina4.13.8 mi
- Chambers Bay Golf Course4.76 mi
- Meadow Park Golf Course4.55 mi
- Allenmore Golf Course4.31.6 mi
- Oakbrook Golf Club4.25.6 mi
- Tacoma Country & Golf Club4.69 mi
- Tacoma Mall4.13.3 mi
- The Outlet Collection Seattle4.211.4 mi
- South Hill Mall4.111.3 mi
- WinCo Foods4.34.8 mi
- Metropolitan Market Tacoma4.60.6 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.415.1 mi
- King County International Airport - Boeing Field4.520.7 mi
- Kenmore Air - Lake Union4.626.1 mi
- The Club SEA2.714.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A nationally ranked liberal arts college that occupies the entirety of this ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.