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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 +2.0% YoY. inventory, +3.4% YoY, is the number to watch.
The median listing price is up 2.0% YoY while the median home got up 4.9% bigger, so value per square foot is down 3.8%.
U.S. Census ACS characteristics for ZIP 98408 itself, not its parent county.
Renters hold 28.7% of this ZIP's 8,134 occupied households, on a median household income of $81K.
| Measure | ZIP 98408 | Pierce County | Difference |
|---|---|---|---|
| Median Household Income | $81K | $100K | -$19K |
| Below Poverty Level | 8.6% | 8.8% | -0.2% |
| Median Age | 38.10 | 37.00 | +1.10 |
| Total Population | 21,009 | 930,319 | -- |
| Avg Household Size | 2.55 | 2.59 | -0.04 |
| Owner-Occupied | 71.3% | 64.7% | +6.6% |
| Worked From Home | 13.8% | 13.9% | -0.1% |
| Mean Commute | 27.50 | 31.30 | -3.80 |
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.