98407 ZIP Code – Tacoma, Washington
98407 is a large ZIP code in Tacoma, Washington, part of Pierce County with a population of approximately 21,050 residents. The median household income of $103,900 is above the Washington average and above the national average. At $567,200, median home values run well above the national average, with 63.5% owner-occupied housing (increasing). , with median rent coming in at $1,693 — well above the national figure. Housing consists of 68% single-family (decreasing), 28% apartments (increasing).
At 3.0%, the unemployment rate is well below the national figure. The poverty rate of 6.6% is well below the U.S. average. An estimated 50.1% of adults hold a bachelor's degree or higher, well above the national average. The median age is 47.0, near the national median. The surrounding area includes ZIP codes 98406, 98416, 98465.
ZIP Code 98407 Data
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ZIP 98407 vs. Washington vs. U.S.
| Metric | ZIP 98407 | WA Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 21k | 12k | 10k |
| Median Household Income | $103k | $83k | $73k |
| Median Home Value | $567k | $428k | $258k |
| Median Rent | $1,693 | $1,322 | $1,088 |
| Median Age | 47.0 | 43.0 | 43.2 |
| Unemployment Rate | 3.0% | 5.3% | 5.0% |
| Poverty Rate | 6.6% | 11.6% | 13.3% |
| Bachelor's Degree or Higher | 50.1% | 31.1% | 26.9% |
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Nearby ZIP Codes
- 98406 – Tacoma
- 98416 – Tacoma
- 98465 – Tacoma
- 98403 – Tacoma
- 98405 – Tacoma
- 98402 – Tacoma
- 98466 – Tacoma
- 98335 – Gig Harbor
- 98418 – Tacoma
- 98409 – Tacoma
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 98406 | TACOMA | 22,994 | $96,755 |
| 98416 | TACOMA | 830 | Not provided |
| 98465 | TACOMA | 7,528 | $73,259 |
| 98403 | TACOMA | 8,613 | $81,330 |
| 98405 | TACOMA | 24,264 | $72,606 |