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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is +7.6% YoY. inventory, +22.0% YoY, is the number to watch.
The median listing price is up 7.6% YoY while the median home got up 1.7% bigger, so value per square foot is up 10.1%.
U.S. Census ACS characteristics for ZIP 98407 itself, not its parent county.
Renters hold 36.5% of this ZIP's 10,159 occupied households, on a median household income of $110K.
| Measure | ZIP 98407 | Pierce County | Difference |
|---|---|---|---|
| Median Household Income | $110K | $100K | +$11K |
| Below Poverty Level | 8.4% | 8.8% | -0.4% |
| Median Age | 46.20 | 37.00 | +9.20 |
| Total Population | 21,718 | 930,319 | -- |
| Avg Household Size | 2.12 | 2.59 | -0.47 |
| Owner-Occupied | 63.5% | 64.7% | -1.3% |
| Worked From Home | 17.4% | 13.9% | +3.5% |
| Mean Commute | 27.30 | 31.30 | -4.00 |
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.