PlainZIP

Tacoma, WA · standard

ZIP Code 98407

Pierce County, Washington - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

19,885
1,369/sq mi
$110,288
Median income
$656,600
Median home value
51.0%
Bachelor's or higher

The verdict

Tacoma pairs an upper-quartile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 13%
household income, US ZIPs
Top 7%
home value, US ZIPs
1,369
people per sq mi
64%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 98407 against every reporting US ZIP.

ZIP code 98407 is a mid-sized community (a standard USPS delivery area) in Tacoma, Pierce County, Washington, home to 19,885 residents across 14.5 square miles, a density of 1,369 people per square mile, in the Los Angeles time zone.

ZIP 98407 skews affluent, with a median household income of $110,288 (21% above the Washington average), while per-capita income is $63,292. 8.4% of residents live below the poverty line, and the unemployment rate reads 3.3%. Housing costs here run $656,600 for a typical home value (28% above the state average), with rent averaging $1,909 a month; 63.5% of homes are owner-occupied.

This is a highly-educated ZIP: 51.0% of adults hold a bachelor's degree or higher, the median age is 46.2, and the average commute is 27 minutes. To put 98407 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Pierce County, for a geography-aware comparison.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 98407

Top 5 sectors by establishment count in Tacoma, WA

Which industries have the most business establishments in ZIP 98407.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 98407, Tacoma, WA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

19,885

Population

14.5

Area (sq mi)

1,369

People / sq mi

Los Angeles

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 98407?

46.2

Median Age

47.5%

Male

52.5%

Female

9.6%

Foreign-Born

White 78.1%
African American 3.4%
Asian 5.0%
American Indian or Alaska Native 0.5%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 10.6%
Hispanic or Latino 8.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$110,288

Median Household Income

+21% vs state

$63,292

Per Capita Income

8.4%

Poverty Rate

3.3%

Unemployment Rate

27.3 min

Mean Commute Time

How ZIP 98407 ranks nationally

Tacoma, WA household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$110,288 Top 13% higher than 87% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). This entry sits in this band. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 66.7%
Bachelor's Degree or Higher 51.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

10,746

Total Housing Units

10,159

Occupied Units

587

Vacant Units

2.12

Avg Household Size

Occupancy Type

Owner 63.5%
Renter 36.5%

$656,600

Median Home Value

+28% vs state

$1,909

Median Rent

1971

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+2.5%

YoY Change (2024)

362

HPI Index (2000 = 100)

+262%

Total Change Since 2000

Home values in ZIP 98407 have increased 2.5% over the past year (2024). Since 2000, this ZIP has seen +262% cumulative appreciation.

Year Annual Change HPI Index
2020 +6.3% 261
2021 +16.3% 304
2022 +15.9% 352
2023 +0.2% 353
2024 +2.5% 362

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 430 business establishments in ZIP 98407, employing approximately 3,910 people with a combined annual payroll of $191,267,000.

430

Businesses

3,910

Employees

$191.3M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 63 14.7%
Retail trade 52 12.1%
Accommodation and food services 50 11.6%
Health care and social assistance 46 10.7%
Construction 45 10.5%
Other services (except public administration) 37 8.6%
Real estate and rental and leasing 36 8.4%
Finance and insurance 27 6.3%
Administrative and support and waste management and remediation services 24 5.6%
Arts, entertainment, and recreation 17 4.0%
Information 9 2.1%
Wholesale trade 7 1.6%
Transportation and warehousing 7 1.6%
Educational services 6 1.4%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 98407 vs 98406 →

ZIP 98407 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 98407 ranks #6 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 98407 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 98407 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
98406 Tacoma, WA 21,610 1.8 mi
98416 Tacoma, WA 1,014 2.3 mi
98465 Tacoma, WA 6,340 2.9 mi
98403 Tacoma, WA 7,713 2.9 mi
98405 Tacoma, WA 22,851 3.5 mi
98466 Tacoma, WA 26,944 4.4 mi
98409 Tacoma, WA 22,989 5.5 mi
98402 Tacoma, WA 6,356 4.4 mi
98335 Gig Harbor, WA 24,925 5.1 mi
98467 University Place, WA 14,728 6.1 mi

More ZIP Codes in Pierce County

98391 standard
Bonney Lake, WA
Pop: 44,309
98387 standard
Spanaway, WA
Pop: 43,173
98374 standard
Puyallup, WA
Pop: 37,360
98444 standard
Tacoma, WA
Pop: 33,956
98404 standard
Tacoma, WA
Pop: 32,086
98499 standard
Lakewood, WA
Pop: 29,750

Related Areas

Pierce County Tacoma, WA Washington

Frequently Asked Questions

What county is ZIP code 98407 in? ▼
ZIP code 98407 (Tacoma) is located in Pierce County, Washington. Pierce County contains multiple ZIP codes, see the full list at /counties/pierce-wa.
What is the population of ZIP code 98407? ▼
ZIP code 98407 in Tacoma, WA has a population of 19,885 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 98407? ▼
The median household income in ZIP 98407 is $110,288, which is 45% above the national average of $76,288.
What is the average home value in ZIP 98407? ▼
The median home value in ZIP 98407 is $656,600, which is 136% above the national average of $278,155.
What is the demographic makeup of ZIP 98407? ▼
The largest racial group in ZIP 98407 is White at 78.1%. Hispanic or Latino residents make up 8.0% of the population.
How many businesses are in ZIP code 98407? ▼
ZIP code 98407 has 430 business establishments employing approximately 3,910 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 98407? ▼
The top industries by establishment count in ZIP 98407 are: Professional, scientific, and technical services (63), Retail trade (52), Accommodation and food services (50). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 98407? ▼
According to the FHFA House Price Index, home values in ZIP 98407 increased by 2.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 262%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 98407? ▼
In ZIP code 98407, 66.7% of residents aged 25+ have a high school diploma or higher, and 51.0% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 98407? ▼
The mean commute time for workers in ZIP code 98407 is 27.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 98407? ▼
In ZIP code 98407, approximately 63.5% of occupied housing units are owner-occupied and 36.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 98407? ▼
The poverty rate in ZIP code 98407 is 8.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.