The story of this market
The typical home in ZIP 98047 sells for about $640,000, or $315 per square foot.
Prices are roughly flat from a year ago (-0.6%), a market in balance. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,697 a month.
ZIP 98047 — Pacific
The 98047 housing market is showing signs of stabilization as inventory levels rise and price growth moderates. While absolute prices remain high, the increase in price-cut activity suggests a shift toward a more balanced market for buyers. Local demand remains supported by the area's strategic location within the Seattle-Tacoma corridor.
This ZIP is well-suited for families and commuters who prioritize highway access and a suburban environment over the high costs of the Seattle urban core. It attracts buyers looking for more space and value while remaining within reach of major regional employers.
Median prices moved down 0.6% year over year.
Homes spend a median of 28 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98047, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Pacific generally experiences crime rates consistent with suburban King County, with property crime being the primary concern. Local law enforcement maintains a standard presence, and residents often benefit from the city's smaller, community-focused scale compared to larger neighboring urban centers.
Schools serving the area are primarily part of the Auburn School District, which provides a range of educational services. Performance ratings vary by individual campus, with ongoing efforts to improve student outcomes and resource allocation.
The area is situated in the White River valley, which presents specific flood-risk considerations for certain low-lying parcels. Standard wildfire and wind risks are typical for the Puget Sound region, and property owners are generally advised to maintain appropriate hazard insurance coverage.
Economic momentum is driven by the area's proximity to major logistics and industrial hubs in the Green River Valley. Infrastructure improvements focus on maintaining highway access to the Seattle-Tacoma employment corridor, supporting steady residential demand.
Property taxes are assessed by King County based on the annual market value of real property. The total tax rate includes levies for the city, county, school district, and various special purpose districts, with no state-level personal income tax in Washington.
Residents benefit from proximity to Highway 167, providing a direct north-south corridor for commuting to major employment centers in Seattle, Bellevue, and Tacoma. Public transit options are available but the area remains heavily reliant on personal vehicle travel.
The area features local community parks and proximity to the White River trail system, offering outdoor recreation opportunities. Shopping and dining amenities are accessible within a short drive in the neighboring city of Auburn.
The rental market is characterized by steady demand from commuters seeking more affordable alternatives to the Seattle core. Vacancy pressure remains low, and the market includes a mix of single-family rentals and smaller multi-family properties.
The local economy is anchored by the logistics, warehousing, and manufacturing sectors prevalent in the Green River Valley. Proximity to the Port of Tacoma and Seattle-area tech hubs provides a diverse employment base for residents.
The area is served by a network of arterial roads connecting to Highway 167 and Interstate 5. Public transit is primarily provided by King County Metro and Sound Transit bus services.
Development is focused on infill residential projects and the expansion of industrial/commercial space along the valley floor. Planning efforts prioritize balancing growth with flood-plain management requirements.
Parcels are subject to levies from the Auburn School District, King County, and various utility districts providing water and sewer services.
Property insurance premiums are influenced by regional wildfire risk and specific flood-zone designations within the valley. Market health is stable, though hazard-mitigation requirements are strictly enforced.
Data retrieved from US Census Bureau ZCTA profiles and local economic reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Wild Waves Theme and Water Park3.93.2 mi
- Sky Zone Trampoline Park4.113.2 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.314.1 mi
- Round1 Bowling & Arcade413.7 mi
- Round1 Bowling & Arcade - Puyallup3.87.6 mi
- Washington State Fair Event Center4.35.8 mi
- Tacoma Dome4.18.6 mi
- Topgolf Renton4.116.3 mi
- Wild Waves Theme and Water Park3.93.2 mi
- White River Amphitheatre4.16.6 mi
- Washington State Fair Event Center4.35.8 mi
- Dash Point State Park4.58.2 mi
- AMC Kent Station 144.48.6 mi
- Museum of Glass4.58.8 mi
- Cinemark Century Federal Way and XD4.54.5 mi
- The Museum of Flight4.817.9 mi
- Museum of Glass4.58.8 mi
- LeMay - America’s Car Museum4.78.8 mi
- Children's Museum of Tacoma4.68.9 mi
- Tacoma Art Museum4.68.9 mi
- Dash Point State Park4.58.2 mi
- Point Ruston4.712.3 mi
- North Lake Tapps Park4.54 mi
- Saltwater State Park4.58.5 mi
- Dune Peninsula at Point Defiance Park4.812.7 mi
- Mercer Island Beach Club4.518.4 mi
- Tacoma Yacht Club4.712.8 mi
- Point Defiance Marina4.713 mi
- City of Des Moines Marina4.510.4 mi
- Foss Harbor Marina4.68.8 mi
- Washington National Golf Club4.15.6 mi
- Riverbend Golf Complex4.28.3 mi
- Druid's Glen Golf Club4.19.8 mi
- High Cedars Golf Club4.110 mi
- Auburn Golf Course4.45.5 mi
- Tacoma Mall4.110.8 mi
- The Outlet Collection Seattle4.22.6 mi
- WinCo Foods4.410.7 mi
- South Hill Mall4.17.5 mi
- Kent Station Shopping Center4.48.5 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.412.8 mi
- King County International Airport - Boeing Field4.519.2 mi
- Kenmore Air - Lake Union4.625.7 mi
- The Club SEA2.712.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central community park with recreational facilities.
Scenic walking and biking path along the river.
Major retail and dining hub located just outside the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.