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ZIP Code 98406

Pierce, Washington

ZCTA 98406

Juniper

ZIP Code 98406 is in the highest 40% nationally for FEMA risk score. It also sits in the highest 9% nationally for home price against income. And it sits in the highest 12% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$692,121

Higher than 88% of U.S. ZIP codes
Home Price Growth, Past Five Years

44%

Lower than 74% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

73.2

Higher than 60% of U.S. ZIP codes

The boundary of ZIP Code 98406, in Pierce, Washington.

The basics

Total Population

24,202

Median Age

41.7

Population Density

5,788.96

Home values & property tax

Median Property Tax

$5,479

Property Tax Rateyearly tax as a share of home value

0.86%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

6.12×

Higher than 91% of U.S. ZIP codes
Median Income

$104,264

Higher than 84% of U.S. ZIP codes
Median Rent

$1,764

Higher than 86% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

3.2%

Near the U.S. ZIP codes median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

46%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

29%

Climate & weather

Summer Avg High (°F)

73.6

Winter Avg Low (°F)

36.4

Avg Temperature (°F)

51.9

Hot Days/yr (>90°F)

1.9

Freezing Days/yr (<32°F)

21.4

Annual Precipitation (in)

45.5

Annual Snowfall (in)

0.3

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 98406: frequently asked questions

What is the typical home value in ZIP Code 98406?
The estimated median home value in ZIP Code 98406 today is $692,121, higher than 88% of U.S. ZIP codes.
How much is property tax in ZIP Code 98406?
The median annual property tax in ZIP Code 98406 is $5,479, an effective rate of 0.86% of home value.
Is ZIP Code 98406 expensive to live in?
Homes in ZIP Code 98406 cost about 6.12× the median household income, higher than 91% of U.S. ZIP codes.
What is the average rent in ZIP Code 98406?
The median gross rent in ZIP Code 98406 is $1,764 a month, higher than 86% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 98406?
Home prices in ZIP Code 98406 have moved 44% over the past five years (3.2% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 98406?
ZIP Code 98406 has a population of 24,202, about 5,788.96 people per square mile, per the U.S. Census American Community Survey. The median age is 41.7.
What is the weather like in ZIP Code 98406?
ZIP Code 98406 averages 51.9°F year-round, summer highs near 73.6°F, winter lows around 36.4°F (NOAA 1991–2020 normals). It sees about 0.3 inches of snow a year.
Is ZIP Code 98406 at risk of flooding or natural disasters?
ZIP Code 98406's FEMA National Risk Index score is 73.2 (higher than 60% of U.S. ZIP codes). Its greatest modeled natural hazard is earthquake. Expected annual loss from flooding is $0 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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