JeffCroweCRE

Housing market/Washington/ZIP 98409

ACS 2023 · FY2027 SAFMR

ZIP 98409 Tacoma, Washington

Tacoma, WA HUD Metro FMR Area · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
27,298
Households
11,704
Median HH income
$71,649
Renter share
56.5%
Median gross rent
$1,579
Vacancy
3.6%
Pop. change
+8.8%
2BR SAFMR
$1,990
SAFMR / rent
1.260×
2–49 unit stock
4,254
LIHTC proj / units
6 / 480
HUD assisted MF
1 / 32

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 98409 · WA — sent to you.

ZIP 98409 · WA

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ACS rent vs 2BR SAFMR

ZIP 98409 — Tacoma, WA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,579
2BR SAFMR$1,990
90% floor$1,791
110% ceiling$2,189

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 98409

  • 1-unit detached5,98749.3%
  • 1-unit attached5584.6%
  • 2–4 units1,32710.9%
  • 5–49 units2,92724.1%
  • 50+ units1,25810.4%
  • Mobile790.7%
TypeUnitsShare
1-unit detached5,98749.3%
1-unit attached5584.6%
2 units (duplex)3643.0%
3–4 units9637.9%
5–9 units1,42311.7%
10–19 units7606.3%
20–49 units7446.1%
50+ units1,25810.4%
Mobile790.7%

2–4 unit share 10.9% · 5–49 unit share 24.1% · combined 2–49 35.1%.

Units by bedrooms

Studio
911
1BR
1,728
2BR
5,231
3BR
3,048
4BR
1,033
5+
185

Rent burden

Rent ≥30% of income52.1%
Rent ≥50% of income27.7%
  • ACS median gross rent $1,579 (all bedrooms, occupied rentals).
  • Median contract rent $1,383.
  • Renters paying ≥30% of income 52.1%; ≥50% 27.7%.
  • FY2027 2BR SAFMR $1,990 (1.260× ACS median gross rent).

Population

27,298 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 6 projects, 480 units.
  • HUD project-based assisted MF: 1 properties, 32 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,765 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 98409 56.5% of occupied households are renters; vacancy is 3.6%; ACS median gross rent is $1,579; population increased +8.8% between the 2018 and 2023 ACS vintages; the housing stock includes 1,327 units in 2–4-unit structures and 2,927 units in 5–49-unit structures; 6 LIHTC projects totaling 480 units; FY2027 2BR SAFMR is $1,990 versus ACS median gross rent of $1,579. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 98409 is a Census / HUD profile for Tacoma, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 98409 — Tacoma, WA HUD Section 8 Payment Standards / SAFMR·Washington ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
98001Tacoma, WA HUD Metro FMR Area23.8%$1,927$2,60098022Tacoma, WA HUD Metro FMR Area19.3%$1,626$2,13098023Tacoma, WA HUD Metro FMR Area33.6%$1,875$2,34098047Tacoma, WA HUD Metro FMR Area42.2%$1,728$2,17098092Tacoma, WA HUD Metro FMR Area25.6%$1,870$2,37098303Tacoma, WA HUD Metro FMR Area1.3%—$2,23098321Tacoma, WA HUD Metro FMR Area11.5%$1,805$2,09098323Tacoma, WA HUD Metro FMR Area9.8%$1,438$1,88098327Tacoma, WA HUD Metro FMR Area39.3%$2,230$2,63098328Tacoma, WA HUD Metro FMR Area17.2%$1,211$1,78098329Tacoma, WA HUD Metro FMR Area12.0%$1,666$2,13098332Tacoma, WA HUD Metro FMR Area17.7%$2,373$2,770

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 98409?

ZIP 98409 (Tacoma, WA HUD Metro FMR Area) has 27,298 residents, 11,704 households, a renter share of 56.5%, median household income of $71,649, and ACS 2023 median gross rent of $1,579. Vacancy is 3.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98409?

ACS counts 364 units in 2-unit buildings, 963 in 3–4 unit buildings, 1,423 in 5–9, 760 in 10–19, and 744 in 20–49. Combined 2–49 unit stock is 4,254 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98409?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,990. See the full schedule and 90–110% payment-standard band on the ZIP 98409 — Tacoma, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98409 is Census / HUD research for Tacoma, WA HUD Metro FMR Area. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.