Welcome to our 98387 real estate data hub, tailored for investors in Spanaway, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98387 in Spanaway, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PIERCE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Spanaway, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Spanaway property market.
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Location Overview
- Zip Code: 98387
- City: Spanaway
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: PIERCE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $469,991
- Average Home Price (Single Family Homes): $470,411
- Average Monthly Rental Price (All Types): $2,581
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: -0.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,750
- Average 3 Bedroom Section 8 Rental Rates: $2,490
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.38
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.73
- Number of Units Offered in Section 8 in the County: 1712
- Number of Occupied Units in Section 8 in the County: 1652
- Percentage of Section 8 Units Occupied in the County: 96.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 418.42
- Total % Appreciation since 2000 (Government Data): 224.36
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.8%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -3.02%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.17%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.99%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 127.54%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.33%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.91%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.15%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.51%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.94%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 50.19%