98407 ZIP Code Profile, Map, Data & Demographics

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Tacoma, WA 98407 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	22,769 (100%)
Population in Households	22,489 (98.8%)
Population in Families	16,827 (73.9%)
Population in Group Quarters¹	280 ( 1.2%)
Population Density	4,180
Diversity Index²	47


INCOME
Median Household Income	$114,346
Average Household Income	$150,608
% of Income for Mortgage⁴	37%
Per Capita Income	$66,600
Wealth Index⁵	151
Socioeconomic Status Index⁶	Moderate (56.6)

HOUSING
Total HU (Housing Units)	10,538 (100%)
Owner Occupied HU	6,872 (65.2%)
Renter Occupied HU	3,192 (30.3%)
Vacant Housing Units	474 ( 4.5%)
Median Home Value	$669,833
Average Home Value	$721,966
Housing Affordability Index³	67

HOUSEHOLDS
Total Households	10,064
Average Household Size	2.23
Family Households	5,861
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Tacoma, WA 98407 - Peer Comparisons by Rank and Percentile

The table below compares 98407 to the other 586 ZIP Codes in Washington by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.05%	0.27%
Households	1.27%	0.31%
Families		0.33%
Median Household Income		2.78%
Per Capita Income		3.01%
Owner Occupied HU		1.19%

Variable Description	Rank	Percentile
Total Population	# 161	73rd
Population Density	# 71	88th
Median Household Income	# 90	85th
Housing Affordability Index	# 365	62nd
Per Capita Income	# 67	89th
Diversity Index	# 301	49th

98407 ZIP Code Profile, Map, Data & Demographics

ZIP Code 98407: Basic Data & USPS Preferred City Name

Tacoma, WA 98407 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Tacoma, WA 98407 - Peer Comparisons by Rank and Percentile

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