The story of this market
The typical home in ZIP 98446 sells for about $627,000, or $315 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,350 a month.
ZIP 98446 — Tacoma
The 98446 housing market shows resilience with a median price of $627,000 and a 4.3% year-over-year increase. Low inventory levels continue to drive competition, keeping days on market short at 14 days. The market remains a seller's environment, supported by steady demand from local commuters and military personnel.
This ZIP is ideal for families and military personnel stationed at JBLM who prioritize suburban space and access to outdoor recreation. It is less suited for those seeking a walkable urban lifestyle or high-frequency public transit access.
Median prices moved up 4.3% year over year.
Homes spend a median of 14 days on market with 2.1 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 6.8% — 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 9.2%/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 8.4%/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 98446, Pierce County WA
Crime rates in the 98446 area are generally lower than the Tacoma city average, with property crime being the primary concern. The area is considered suburban and relatively stable compared to the more urbanized sections of Pierce County.
Schools serving the 98446 area are primarily part of the Bethel and Puyallup school districts, which generally maintain moderate to high performance ratings. Local schools are characterized by strong community involvement and growing student populations.
The area faces moderate risks related to windstorms and occasional localized flooding in low-lying areas near creeks. Insurance premiums are consistent with the broader Pacific Northwest market, with wildfire risk being minimal compared to eastern Washington.
Economic momentum is driven by proximity to Joint Base Lewis-McChord and the expanding logistics hubs in the South Hill and Frederickson areas. Infrastructure improvements are focused on managing increased traffic along the Canyon Road corridor.
Property taxes are assessed by Pierce County based on the annual market value of the property. The rate includes levies for state, county, school district, and local fire/emergency services, with no state income tax applied to residential property.
Commuters typically rely on Canyon Road or Highway 512 to access employment centers in Tacoma, Puyallup, or the JBLM base. Public transit options are limited, making personal vehicle ownership essential for most residents.
The area features proximity to several community parks and the expansive Spanaway Park and Lake, which offers boating and swimming. Shopping and dining options are concentrated along the Meridian and Canyon Road corridors.
The rental market is characterized by high demand and low vacancy rates, driven by the military population and commuters seeking suburban living. Rent growth has been moderate, with a mix of single-family home rentals and newer apartment complexes.
The economy is anchored by Joint Base Lewis-McChord, healthcare systems, and regional logistics/distribution centers. The area benefits from a diverse mix of service, retail, and government-related employment.
Transportation is heavily reliant on private vehicles, with Highway 512 and Canyon Road serving as the primary corridors. Transit connectivity to downtown Tacoma is provided by limited bus routes.
Development is focused on residential expansion in the southern portions of the ZIP and commercial upgrades along the main thoroughfares. Zoning remains primarily residential with pockets of neighborhood-scale commercial.
The Pierce County Assessor-Treasurer manages property valuations, which are updated annually based on market sales data. Appeals are handled through the Board of Equalization.
Parcels are subject to various special districts including fire protection, emergency medical services, and local utility districts for water and sewer services.
Property insurance remains stable, though premiums are influenced by regional wildfire and windstorm risk assessments. Homeowners are encouraged to maintain adequate coverage for standard Pacific Northwest weather events.
Washington state continues to see net positive domestic migration, driven by job growth in the tech and logistics sectors. The Tacoma area remains a popular destination for those relocating from more expensive coastal markets.
Washington is a non-judicial foreclosure state, allowing for a streamlined process under the Deed of Trust Act. Borrowers have specific rights to cure defaults before a trustee sale.
Sellers are required to provide a comprehensive disclosure statement covering the condition of the property, including structural, mechanical, and environmental issues.
Data retrieved from data.census.gov ZCTA-level tables.
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 Park3.99.9 mi
- Round1 Bowling & Arcade - Puyallup3.83.8 mi
- Dave & Buster's3.912.9 mi
- Sky Zone Trampoline Park4.210.4 mi
- Chuck E. Cheese418.1 mi
- Washington State Fair Event Center4.35 mi
- Tacoma Dome4.17.3 mi
- Wild Waves Theme and Water Park3.99.9 mi
- White River Amphitheatre4.114.2 mi
- accesso ShoWare Center4.518.4 mi
- Washington State Fair Event Center4.35 mi
- Chambers Bay Golf Course4.710.2 mi
- AMC Lakewood Mall 124.46.7 mi
- Dash Point State Park4.512.3 mi
- Museum of Glass4.58 mi
- Museum of Glass4.58 mi
- LeMay - America’s Car Museum4.77.3 mi
- Children's Museum of Tacoma4.68.3 mi
- Tacoma Art Museum4.68.2 mi
- Washington State History Museum4.68 mi
- Chambers Bay Golf Course4.710.2 mi
- Dash Point State Park4.512.3 mi
- Sprinker Recreation Center4.53.1 mi
- Point Ruston4.712.7 mi
- North Lake Tapps Park4.512.1 mi
- Tacoma Yacht Club4.713.4 mi
- Point Defiance Marina4.713.5 mi
- City of Des Moines Marina4.518.4 mi
- Foss Harbor Marina4.68.7 mi
- Tyee Marina4.111.3 mi
- Chambers Bay Golf Course4.710.2 mi
- Meadow Park Golf Course4.57.4 mi
- High Cedars Golf Club4.16.6 mi
- Allenmore Golf Course4.38.6 mi
- Oakbrook Golf Club4.28.9 mi
- Tacoma Mall4.17 mi
- The Outlet Collection Seattle4.212.8 mi
- South Hill Mall4.14 mi
- WinCo Foods4.35.7 mi
- Metropolitan Market Tacoma4.610.6 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.421.5 mi
- King County International Airport - Boeing Field4.527.9 mi
- The Club SEA2.721.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park featuring lake access, swimming, and picnic areas.
Multi-use facility with ice rink, tennis courts, and skate park.
Public 18-hole course serving the local community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).