Location: Tacoma, WA | Metro: Tacoma, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,490 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
ZIP code 98448 falls within the Tacoma, WA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 98448 is set at $1990 for fiscal year 2024. This figure closely aligns with the FMR for a two-bedroom home in Tacoma, which is listed at $1987. However, the specific market rent and home value data for ZIP 98448 are currently unavailable.
The lack of precise market rent and home value data makes it challenging to definitively categorize ZIP 98448 as a value pocket, mid-tier neighborhood, or premium sub-market. Nonetheless, given that the FMR is nearly identical to the broader Tacoma area's FMR, we can infer that the ZIP code likely mirrors the overall market conditions of Tacoma.
The absence of data regarding the percentage of renters in ZIP 98448 means we cannot make a direct comparison to the typical Tacoma ZIP codes. A high renter share combined with below-average home values often indicates a favorable environment for Section 8 properties, but without concrete figures, such a conclusion remains speculative.
Based on the available information, ZIP 98448 appears to be a middle-ground area within the Tacoma metro, with its FMR matching closely to the regional average. Landlords and investors should look into additional local market research to gain a clearer picture of the rental dynamics and potential investment opportunities in this ZIP code.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.