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 High-density area
- $110,288
- Median income Above-median income area
- $656,600
- Median home value Above-median home value
- 51.0%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 98407 (Tacoma, WA) rose +2.5% from 2023 to 2024. The all-transactions index moved from 353.0 in 2023 to 362.0 in 2024 (2000 = 100).
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 average Washington ZIP), while per-capita income is $63,292. The poverty rate is 8.4%, with unemployment at 3.3%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $656,600 (28% above the average Washington ZIP), while 63.5% of occupied homes are owner-occupied and median rent is $1,909.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Pierce County, so 98407 can be compared with both its immediate and county-level context.
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.
- Professional, scientific, and technical services
Professional, scientific, and technical services
63 establishments
- Retail trade
Retail trade
52 establishments
- Accommodation and food services
Accommodation and food services
50 establishments
- Health care and social assistance
Health care and social assistance
46 establishments
- Construction
Construction
45 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, 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
Who lives in ZIP 98407?
46.2
Median Age
47.5%
Male
52.5%
Female
9.6%
Foreign-Born
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 ZIP avg
$63,292
Per Capita Income
8.4%
Poverty Rate
3.3%
Unemployment Rate
27.3 min
Mean Commute Time
How ZIP 98407 ranks among Washington ZIPs
Tacoma, WA household income vs. every Washington ZIP code
Median household income among 547 reporting Washington ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$110,288 Top 21% higher than 79% of 547 Washington ZIPs
Each bar is a $20K-wide band; taller bars hold more Washington 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
10,746housing units
10,746
Total Housing Units
10,159
Occupied Units
587
Vacant Units
2.12
Avg Household Size
Occupancy Type
$656,600
Median Home Value
+28% vs state ZIP avg
$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.
- 98466
Tacoma (98466)
26,944 residents
- 98335
Gig Harbor (98335)
24,925 residents
- 98409
Tacoma (98409)
22,989 residents
- 98405
Tacoma (98405)
22,851 residents
- 98406
Tacoma (98406)
21,610 residents
- 98407
Tacoma (98407)
19,885 residents
- 98467
University Place (98467)
14,728 residents
- 98403 7,713
Tacoma (98403)
7,713 residents
- 98402 6,356
Tacoma (98402)
6,356 residents
What this shows Among its immediate neighbors, ZIP 98407 ranks #6 by population - useful context the national average alone can't give.
ZIP 98407 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98335
Gig Harbor (98335)
$128,592 median income
- 98407
Tacoma (98407)
$110,288 median income
- 98406
Tacoma (98406)
$104,264 median income
- 98466
Tacoma (98466)
$101,778 median income
- 98467
University Place (98467)
$91,354 median income
- 98403
Tacoma (98403)
$88,056 median income
- 98405
Tacoma (98405)
$75,946 median income
- 98409
Tacoma (98409)
$73,348 median income
- 98465
Tacoma (98465)
$73,226 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 98407, both outside WA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,885 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Pierce County
Related Areas
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.
Related
Take this with you
What to do with ZIP 98407's numbers, next.
- See how ZIP 98407 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Tacoma, WA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.