ZIP code 98031: income, home prices and cost of living

The median household income in ZIP 98031 is $98,657, which is 22% above the Washington median of $80,747 and 44% above the national figure. The typical home is valued at $494,400, and the median rent is $1,882/month. 66.3% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$98,657

Washington average
$80,74722%
National
$68,75044%

Median home value

$494,400

Washington average
$410,00021%
National
$209,600136%

Median gross rent

$1,882

Washington average
$1,35839%
National
$98491%

Median age

35.6 yrs

Washington average
39.8 yrs11%
National
41.0 yrs13%

Homeownership rate

66.3%

Washington average
71.2%7%
National
75.8%13%

Bachelor's degree or higher

22.3%

Washington average
18.7%19%
National
15.9%40%

How ZIP 98031 compares with Washington and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

See today's rates for homes in your area

Homes in 98031 typically sell around $494,400. Compare what a vetted mortgage pro can actually offer you before you commit.

Talk to a mortgage pro

Nearby ZIP codes in Washington

98030980329802998033980289803498027980269803698037

Or compare 98031 with 98030.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Washington money guide.

What people search about ZIP 98031

Searches for the cost of living in 98031, the median household income in 98031, average rent in 98031 and home values in this part of Washington all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

  • cost of living in 98031
  • median household income in 98031
  • home values in 98031
  • average rent in 98031
  • property tax in 98031
  • housing market in 98031

Methodology

Figures describe ZIP Code Tabulation Area 98031, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.