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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −1.0% YoY. inventory, +27.7% YoY, is the number to watch.
The median listing price is down 1.0% YoY while the median home got down 1.0% bigger, so value per square foot is down 5.6%.
U.S. Census ACS characteristics for ZIP 98406 itself, not its parent county.
Renters hold 38.7% of this ZIP's 10,557 occupied households, on a median household income of $104K.
| Measure | ZIP 98406 | Pierce County | Difference |
|---|---|---|---|
| Median Household Income | $104K | $100K | +$5K |
| Below Poverty Level | 8.0% | 8.8% | -0.8% |
| Median Age | 41.70 | 37.00 | +4.70 |
| Total Population | 24,202 | 930,319 | -- |
| Avg Household Size | 2.21 | 2.59 | -0.38 |
| Owner-Occupied | 61.3% | 64.7% | -3.4% |
| Worked From Home | 21.8% | 13.9% | +7.9% |
| Mean Commute | 25.40 | 31.30 | -5.90 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.7% to 930,319: residents under 18 are down 0.2% and those 65 and over are up 3.2%.
County median household income is $100K, 8.8% of residents are below the poverty level, 13.9% work from home.