98444, Tacoma, WA

The 98444 zip code of Tacoma, WA has a median home value of $269,900 and a median home equity value of $141,000. This is higher than the statewide median home value of $206,500 and the national median home equity value of $177,200. The 98444 zip code also has a lower than average homeownership rate at just 54%. This is due in part to the high cost of living in Tacoma.

Despite the high cost of living, there are still many homeowners in the 98444 zip code. The majority (54%) of homes in this zip code are owner-occupied while 46% are rented. Homeowners in this area have an average household size of 2.8 people which is below the statewide average size of 3.2 people and the national average size of 2.6 people.

Home values have increased significantly over the past few years in this zip code. The median home value rose by 27% from 2009 to 2016 while the nationwide increase was only 10%. This indicates that there is strong demand for housing in Tacoma and that prices will continue to rise over time unless there is an economic recession or another major market crash.