Rental numbers for Pierce County, WA
The typical home here runs -$2,328 a month at 7.78% with 25% down. 0 of 34 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.3%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 4.3%
- 34 ZIPs with full data
- Cash flow
- -$2,328/mo
- at 7.78%, 25% down
- Typical price
- $564,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,980/mo
- Zillow ZORI, Aug 2026
ZIP codes in Pierce County
48 with published figures
| 98387Spanaway | $505,000 | $2,798 | 6.6% | 3.5% | -$1,233 | +2.3% |
| 98375Puyallup | $544,000 | $2,908 | 6.4% | 3.4% | -$1,372 | +0.9% |
| 98360Orting | $551,000 | $2,850 | 6.2% | 3.3% | -$1,464 | n/a |
| 98304Ashford | $375,000 | $1,860* | 5.9% | 3.0% | -$1,074 | n/a |
| 98327Dupont | $555,000 | $2,692 | 5.8% | 3.1% | -$1,569 | +2.9% |
| 98404Tacoma | $438,000 | $2,001 | 5.5% | 2.6% | -$1,408 | +1.5% |
| 98418Tacoma | $408,000 | $1,840 | 5.4% | 2.6% | -$1,323 | +5.2% |
| 98303Steilacoom | $478,000 | $2,100* | 5.3% | 2.3% | -$1,646 | n/a |
| 98338Graham | $588,000 | $2,556 | 5.2% | 2.3% | -$2,029 | +1.2% |
| 98385South Prairie | $490,000 | $2,090* | 5.1% | 2.2% | -$1,755 | n/a |
| 98374Puyallup | $579,000 | $2,426 | 5.0% | 2.3% | -$2,017 | +2.0% |
| 98445Clover Creek | $491,000 | $2,051 | 5.0% | 2.1% | -$1,778 | +2.1% |
| 98396Wilkeson | $458,000 | $1,860* | 4.9% | 2.1% | -$1,653 | n/a |
| 98402Tacoma | $425,000 | $1,725 | 4.9% | 1.8% | -$1,647 | +1.4% |
| 98409Tacoma | $410,000 | $1,625 | 4.8% | 1.9% | -$1,551 | +3.1% |
| 98391Bonney Lake | $670,000 | $2,639 | 4.7% | 2.0% | -$2,497 | +6.0% |
| 98390Sumner | $598,000 | $2,292 | 4.6% | 1.8% | -$2,351 | +3.2% |
| 98354Milton | $563,000 | $2,145 | 4.6% | 1.8% | -$2,167 | n/a |
| 98446Clover Creek | $558,000 | $2,060 | 4.4% | 1.7% | -$2,233 | +0.9% |
| 98408Tacoma | $432,000 | $1,587 | 4.4% | 1.6% | -$1,754 | +2.1% |
| 98323Carbonado | $509,000 | $1,860* | 4.4% | 2.0% | -$1,911 | n/a |
| 98405Tacoma | $456,000 | $1,656 | 4.4% | 1.6% | -$1,868 | +2.2% |
| 98580Roy | $625,000 | $2,260* | 4.3% | 1.7% | -$2,469 | n/a |
| 98406Tacoma | $612,000 | $2,209 | 4.3% | 1.7% | -$2,441 | +4.3% |
| 98372Puyallup | $622,000 | $2,216 | 4.3% | 1.5% | -$2,571 | +2.8% |
| 98349Lakebay | $528,000 | $1,860* | 4.2% | 1.7% | -$2,121 | n/a |
| 98465Tacoma | $579,000 | $2,037 | 4.2% | 1.5% | -$2,418 | +2.1% |
| 98499Lakewood | $477,000 | $1,678 | 4.2% | 1.4% | -$2,035 | +1.2% |
| 98373Puyallup | $564,000 | $1,976 | 4.2% | 1.5% | -$2,317 | +2.5% |
| 98444Parkland | $441,000 | $1,539 | 4.2% | 1.4% | -$1,875 | -0.2% |
| 98407Tacoma | $626,000 | $2,174 | 4.2% | 1.5% | -$2,611 | +2.3% |
| 98424Fife | $552,000 | $1,917 | 4.2% | 1.6% | -$2,256 | +3.4% |
| 98335Gig Harbor | $862,000 | $2,966 | 4.1% | 1.7% | -$3,459 | +0.9% |
| 98498Lakewood | $540,000 | $1,849 | 4.1% | 1.4% | -$2,258 | +1.0% |
| 98329Gig Harbor | $601,000 | $2,020* | 4.0% | 1.5% | -$2,484 | n/a |
| 98443Waller | $565,000 | $1,900* | 4.0% | 1.3% | -$2,459 | n/a |
| 98422Tacoma | $667,000 | $2,204 | 4.0% | 1.3% | -$2,866 | +5.1% |
| 98466University Place | $623,000 | $2,057 | 4.0% | 1.3% | -$2,683 | +3.1% |
| 98328Eatonville | $590,000 | $1,860* | 3.8% | 1.3% | -$2,548 | n/a |
| 98371Puyallup | $622,000 | $1,935 | 3.7% | 1.2% | -$2,742 | +1.7% |
| 98332Gig Harbor | $887,000 | $2,702 | 3.7% | 1.2% | -$3,881 | n/a |
| 98321Buckley | $658,000 | $1,990* | 3.6% | 1.1% | -$2,955 | n/a |
| 98351Longbranch | $615,000 | $1,860* | 3.6% | 1.1% | -$2,741 | n/a |
| 98388Steilacoom | $642,000 | $1,841 | 3.4% | 1.1% | -$2,885 | n/a |
| 98394Vaughn | $724,000 | $1,860* | 3.1% | 0.8% | -$3,411 | n/a |
| 98467University Place | $678,000 | $1,740 | 3.1% | 0.4% | -$3,395 | n/a |
| 98403Tacoma | $710,000 | $1,604 | 2.7% | 0.2% | -$3,713 | +2.5% |
| 98333Fox Island | $1,070,000 | $2,290* | 2.6% | 0.4% | -$5,459 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.3%
- Rent, 12 months
- +2.1%
- Rent minus price growth
- +1.8 pts
- Property tax
- 0.91%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $510,512 | $1,683 |
| Aug 2022 | $564,494 | $1,814 |
| Aug 2023 | $542,601 | $1,816 |
| Aug 2024 | $563,622 | $1,881 |
| Aug 2025 | $562,472 | $1,940 |
| Aug 2026 | $564,102 | $1,980 |
HUD Fair Market Rent
FY2027, Tacoma, WA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,491 | $1,682 | $2,064 | $2,849 | $3,219 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 15.2
- 5,339 units, last 12 months
- National percentile
- 83th
- among US counties
Tools
Test a listing in Pierce County against today's rate.
Open the calculatorPart of the Seattle, WA metro.
Questions
- Is Pierce County good for rental property?
- The typical home here runs -$2,328 a month at 7.78% with 25% down. 0 of 34 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Pierce County?
- About 0.91% of value, from Census ACS median taxes paid over median home value. On a $564,000 home that is about $5,111 a year.
- What is Fair Market Rent in Pierce County?
- HUD's FY2027 Fair Market Rent here is $1,682 for a 1-bedroom, $2,064 for a 2-bedroom and $2,849 for a 3-bedroom. Typical cash flow at today's rate is -$2,328 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.