Zip codes with the fastest growing rent in Washington

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Washington

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Washington using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Washington

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Washington using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 98372 (Puyallup)

- 1 year rent change: +5.1%
--- #21 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +36.4%
- Typical rent: $1,495
--- 22.1% less than typical rent in Seattle, WA metro

- Pictured (for rent): 1112 9th St SE, Puyallup 98372 ($1,375)

#29. 98683 (Vancouver)

- 1 year rent change: +5.2%
--- #15 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +26.0%
- Typical rent: $1,476
--- 11.7% less than typical rent in Portland, OR metro

- Pictured (for rent): 604 SE 121st Ave, Vancouver 98683 ($1,455)

#28. 98661 (Vancouver)

- 1 year rent change: +5.3%
--- #14 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +30.3%
- Typical rent: $1,468
--- 12.2% less than typical rent in Portland, OR metro

- Pictured (for rent): 4555 NE 66th Ave, Vancouver 98661 ($3,695)

#27. 98682 (Vancouver)

- 1 year rent change: +5.3%
--- #13 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +24.9%
- Typical rent: $1,625
--- 2.8% less than typical rent in Portland, OR metro

- Pictured (for rent): 10500 NE 51st Cir, Vancouver 98682 ($2,175)

#26. 98664 (Vancouver)

- 1 year rent change: +5.5%
--- #9 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +23.8%
- Typical rent: $1,636
--- 2.2% less than typical rent in Portland, OR metro

- Pictured (for rent): 1221 SE Ellsworth Rd, Vancouver 98664 ($1,545)

#25. 98038 (Maple Valley)

- 1 year rent change: +5.5%
--- #20 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +30.7%
- Typical rent: $2,275
--- 18.5% above typical rent in Seattle, WA metro

- Pictured (for rent): 22435 SE 240th St, Maple Valley 98038 ($1,605)

#24. 98031 (Kent)

- 1 year rent change: +5.6%
--- #19 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +29.9%
- Typical rent: $1,871
--- 2.6% less than typical rent in Seattle, WA metro

- Pictured (for rent): 11101 SE 208th St, Kent 98031 ($2,280)

#23. 98271 (Marysville)

- 1 year rent change: +5.8%
--- #18 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +34.0%
- Typical rent: $1,894
--- 1.4% less than typical rent in Seattle, WA metro

- Pictured (for rent): 2203 172nd St NE, Marysville 98271 ($1,295)

#22. 98270 (Marysville)

- 1 year rent change: +6.3%
--- #17 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +34.9%
- Typical rent: $2,351
--- 22.4% above typical rent in Seattle, WA metro

- Pictured (for rent): 1310 Cedar Ave, Marysville 98270 ($1,500)

#21. 98201 (Everett)

- 1 year rent change: +6.4%
--- #16 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +34.6%
- Typical rent: $1,454
--- 24.3% less than typical rent in Seattle, WA metro

- Pictured (for rent): 1300-1400 W Marine View Dr, Everett 98201 ($3,515)

#20. 98466 (Tacoma)

- 1 year rent change: +6.9%
--- #15 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +36.5%
- Typical rent: $1,751
--- 8.8% less than typical rent in Seattle, WA metro

- Pictured (for rent): 2210 70th Ave W, University Place 98466 ($1,530)

#19. 98391 (Bonney Lake)

- 1 year rent change: +7.1%
--- #14 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +34.1%
- Typical rent: $1,909
--- 0.6% less than typical rent in Seattle, WA metro

- Pictured (for rent): 9800 219th Ave E, Bonney Lake 98391 ($1,275)

#18. 98373 (Puyallup)

- 1 year rent change: +7.2%
--- #13 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +41.2%
- Typical rent: $1,910
--- 0.5% less than typical rent in Seattle, WA metro

- Pictured (for rent): 2923 S Meridian Ave, Puyallup 98373 ($1,725)

#17. 98327 (Dupont)

- 1 year rent change: +7.5%
--- #12 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +31.3%
- Typical rent: $2,091
--- 8.9% above typical rent in Seattle, WA metro

- Pictured (for rent): 1090 Ross Ave, DuPont 98327 ($2,541)

#16. 98607 (Camas)

- 1 year rent change: +7.6%
--- #4 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +24.6%
- Typical rent: $2,318
--- 38.6% above typical rent in Portland, OR metro

- Pictured (for rent): 5988 NW 38th Ave, Camas 98607 ($1,950)

#15. 98406 (Tacoma)

- 1 year rent change: +7.6%
--- #11 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +53.9%
- Typical rent: $1,736
--- 9.6% less than typical rent in Seattle, WA metro

- Pictured (for rent): 7301 6th Ave, Tacoma 98406 ($1,495)

#14. 98223 (Arlington)

- 1 year rent change: +7.7%
--- #10 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +37.9%
- Typical rent: $1,977
--- 3.0% above typical rent in Seattle, WA metro

- Pictured (for rent): 17327 67th Ave NE, Arlington 98223 ($1,620)

#13. 98404 (Tacoma)

- 1 year rent change: +8.0%
--- #9 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +43.0%
- Typical rent: $1,600
--- 16.7% less than typical rent in Seattle, WA metro

- Pictured (for rent): 1204 73rd St E, Tacoma 98404 ($1,150)

#12. 99201 (Spokane)

- 1 year rent change: +8.1%
--- #3 fastest growing rent among zip codes in Spokane, WA metro
- 5 year rent change: +53.0%
- Typical rent: $1,060
--- 23.5% less than typical rent in Spokane, WA metro

- Pictured (for rent): 826 W Sprague Ave, Spokane 99201 ($2,300)

#11. 98660 (Vancouver)

- 1 year rent change: +8.3%
--- #3 fastest growing rent among zip codes in Portland, OR metro
- 5 year rent change: +28.8%
- Typical rent: $1,998
--- 19.5% above typical rent in Portland, OR metro

- Pictured (for rent): 412 E 13th St, Vancouver 98660 ($6,250)

#10. 98387 (Spanaway)

- 1 year rent change: +8.5%
--- #8 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +37.6%
- Typical rent: $2,192
--- 14.2% above typical rent in Seattle, WA metro

- Pictured (for rent): 2120 177th St E, Spanaway 98387 ($1,350)

#9. 98375 (Puyallup)

- 1 year rent change: +8.9%
--- #7 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +39.1%
- Typical rent: $2,354
--- 22.6% above typical rent in Seattle, WA metro

- Pictured (for rent): 9202 176th St E, Puyallup 98375 ($1,495)

#8. 98030 (Kent)

- 1 year rent change: +9.0%
--- #6 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +47.9%
- Typical rent: $1,850
--- 3.6% less than typical rent in Seattle, WA metro

- Pictured (for rent): 10925 SE 259th St, Kent 98030 ($1,490)

#7. 98338 (Graham)

- 1 year rent change: +9.1%
--- #5 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +39.2%
- Typical rent: $2,284
--- 19.0% above typical rent in Seattle, WA metro

- Pictured (for rent): 10234 194th St E, Graham 98338 ($2,345)

#6. 98272 (Monroe)

- 1 year rent change: +9.5%
--- #4 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +42.0%
- Typical rent: $1,898
--- 1.1% less than typical rent in Seattle, WA metro

- Pictured (for rent): 18463 Blueberry Ln SE, Monroe 98272 ($1,747)

#5. 98374 (Puyallup)

- 1 year rent change: +9.8%
--- #3 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +39.9%
- Typical rent: $2,069
--- 7.8% above typical rent in Seattle, WA metro

- Pictured (for rent): 14209 E 103rd Avenue Ct, Puyallup 98374 ($1,695)

#4. 98444 (Tacoma)

- 1 year rent change: +10.5%
--- #2 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +42.4%
- Typical rent: $1,431
--- 25.5% less than typical rent in Seattle, WA metro

- Pictured (for rent): 10925 S Park Ave, Tacoma 98444 ($1,525)

#3. 98445 (Tacoma)

- 1 year rent change: +10.5%
--- #1 fastest growing rent among zip codes in Seattle, WA metro
- 5 year rent change: +40.8%
- Typical rent: $2,125
--- 10.7% above typical rent in Seattle, WA metro

- Pictured (for rent): 1015 112th St E, Tacoma 98445 ($1,765)

#2. 99224 (Spokane)

- 1 year rent change: +11.3%
--- #2 fastest growing rent among zip codes in Spokane, WA metro
- 5 year rent change: +53.6%
- Typical rent: $1,737
--- 25.4% above typical rent in Spokane, WA metro

- Pictured (for rent): 1403 S Assembly St, Spokane 99224 ($1,834)

#1. 99205 (Spokane)

- 1 year rent change: +12.1%
--- #1 fastest growing rent among zip codes in Spokane, WA metro
- 5 year rent change: +64.8%
- Typical rent: $1,292
--- 6.7% less than typical rent in Spokane, WA metro

- Pictured (for rent): 4403 W Winston Ct, Spokane 99205 ($1,010)

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