98404 — Tacoma, WA Home Values
Typical home value $445,731 as of June 2026 · 146th of 154 in Seattle-Tacoma-Bellevue, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98404, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98404 compares in the Seattle-Tacoma-Bellevue, WA area
ZIP code 98404 (Tacoma, WA) has a typical home value of $445,731 as of June 2026, ranking 146th of 154 ZIP codes tracked in the Seattle-Tacoma-Bellevue, WA area, more expensive than about 6% of ZIP codes in the metro. Prices here have moved -0.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +8.7%, from $410,006 in June 2021 to $445,731 in June 2026. Against observed rent, the typical home here sells for 17.2× the annual rent ($2,163/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Seattle-Tacoma-Bellevue, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Seattle.
Population and demographics
ZIP code 98404 has a population of 35,829, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 38.7% White, 20.2% Hispanic or Latino, 15.8% Asian, 12.8% Black or African American, 7.7% two or more races, 2.1% American Indian or Alaska Native, 1.8% Native Hawaiian or Pacific Islander, and 0.9% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| First Creek Middle School | 1801 E. 56th Street, Tacoma, WA | 0.3 mi |
| Sheridan Elementary School | 5317 E McKinley Ave, Tacoma, WA | 0.4 mi |
| Lister Elementary School | 2106 E 44th St, Tacoma, WA | 0.7 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98404?
$445,731 as of June 2026, the latest month Zillow has published observed data for.
Is 98404 an expensive ZIP code in the Seattle-Tacoma-Bellevue, WA area?
98404 ranks 146th of 154 ZIP codes in the Seattle-Tacoma-Bellevue, WA area by typical home value, more expensive than about 6% of ZIP codes in the metro.
How much have home values in 98404 changed over the past year?
-0.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98404?
The typical home price is 17.2× the observed annual rent in this ZIP code ($2,163/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98404?
35,829, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98404?
First Creek Middle School (0.3 mi), Sheridan Elementary School (0.4 mi), Lister Elementary School (0.7 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98404?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Seattle-Tacoma-Bellevue, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.