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Seattle, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $121K, +1.8% YoY (ZIP); renters hold 53.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −2.5% YoY. inventory, +9.6% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $765,428 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

50 ZIPs in this city:98101 98102 98103 98104 98105 98106 98107 98108 98109 98111 98112 98113 98114 98115 98116 98117 98118 98119 98121 98122 98124 98125 98126 98127 98129 98131 98133 98134 98136 98138 98139 98144 98145 98146 98148 98154 98155 98158 98161 98164 98165 98166 98168 98170 98174 98175 98177 98178 98181 98185

Median Listing Price

$765K

Population

918,227

424,963

Median Days on Market

Active Listings

3,004

New Listings

1,226

Housing Market

The median listing price is down 2.5% YoY while the median home got up 1.9% bigger, so value per square foot is down 4.5%.

Pricing

Median Listing Price

$765K-2.5% YoY

Average Listing Price

$1.01M-0.5% YoY

Price per Sq Ft

$541.841-4.5% YoY

Median Sq Ft

1,461+1.9% YoY

Inventory

Active Listings

3,004+17.9% YoY

New Listings

1,226-10.5% YoY

Total Listings

3,663+9.6% YoY

Buyer Competition

Pending Listings

666-16.4% YoY

Pending Ratio

0.22-29.6% YoY

Median Days on Market

48-0.4% YoY

Price Reduced

18.6%+17.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,003,284

1.0Munits

Occupied941,05493.8%

Vacant62,2306.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 941,054

941Koccupied

Owner521,80555.4%

Renter419,24944.6%

Renter Share

44.6%+1.5% YoY

Total Housing Units

1,003,284+1.5% YoY

FY2026 Fair Market Rent

CountyKing County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$2,074

/month

1 BR

$2,146

/month

2 BR

$2,501

/month

3 BR

$3,272

/month

4 BR

$3,847

/month

FMR trends · King County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 53.6% of this ZIP's 424,963 occupied households, on a median household income of $121K.

Population & Age

Total Population

918,227+1.7% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 918,227

918Kresidents

Under 18137,95915.0%

Adults 18–64653,41271.2%

65 & Over126,85613.8%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.80+0.2% YoY

Population Under 18

137,959+0.4% YoY

Population 65 & Over

126,856+3.0% YoY

Households & Mobility

Total Households

424,963+2.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.10-0.7% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house80.3%

Moved (within US)18.5%

Other1.2%

Veterans

3.6%-4.9% YoY

Income & Poverty

Median Household Income

$121K+1.8% YoY

Per-Capita Income

$79K+4.1% YoY

Mean Household Income

$168K+3.1% YoY

Below Poverty Level

10.4%+1.2% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone41.7%

Public transit10.7%

Worked from home31.8%

Other15.8%

Worked From Home

31.8%+12.2% YoY

Mean Commute

26.41-2.1% YoY

Units & Tenure

Total Housing Units

458,944+2.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 458,944

459Kunits

Occupied424,96392.6%

Vacant33,9817.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 424,963

425Khouseholds

Owner197,37246.4%

Renter227,59153.6%

Avg Household Size — Owner

2.46+0.3% YoY

Avg Household Size — Renter

1.79-1.7% YoY

County Demographics

County population is up 1.1% to 2,287,171: residents under 18 are down 0.3% and those 65 and over are up 3.1%.

Median Age

37.42024

Population

King County Population

2,340,211+1.9% YoY

Households

Total Households

941,054+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.390.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,287,171

2.3Mresidents

Under 18445,59419.5%

Adults 18–641,520,67866.5%

65 & Over320,89914.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

445,594-0.3% YoY

Population 65 & Over

320,899+3.1% YoY

Median Age

37.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.3%

Moved (within US)15.3%

Other1.4%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $125K, 8.6% of residents are below the poverty level, 29.2% work from home.

Income

Median Household Income

$125K+2.1% YoY

Per-Capita Income

$74K+4.3% YoY

Mean Household Income

$177K+3.8% YoY

Poverty

Below Poverty Level

8.6%+2.4% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone50.4%

Public transit6.8%

Worked from home29.2%

Other13.6%

Worked From Home

29.2%+11.5% YoY

Mean Commute

27.60-1.8% YoY

Done with Seattle? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Seattle, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $121K, +1.8% YoY (ZIP); renters hold 53.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −2.5% YoY. inventory, +9.6% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$765K

Population

918,227

424,963

Median Days on Market

Active Listings

3,004

New Listings

1,226

Housing Market

The median listing price is down 2.5% YoY while the median home got up 1.9% bigger, so value per square foot is down 4.5%.

Pricing

Median Listing Price

$765K-2.5% YoY

Average Listing Price

$1.01M-0.5% YoY

Price per Sq Ft

$541.841-4.5% YoY

Median Sq Ft

1,461+1.9% YoY

Inventory

Active Listings

3,004+17.9% YoY

New Listings

1,226-10.5% YoY

Total Listings

3,663+9.6% YoY

Buyer Competition

Pending Listings

666-16.4% YoY

Pending Ratio

0.22-29.6% YoY

Median Days on Market

48-0.4% YoY

Price Reduced

18.6%+17.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,003,284

1.0Munits

Occupied941,05493.8%

Vacant62,2306.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 941,054

941Koccupied

Owner521,80555.4%

Renter419,24944.6%

Renter Share

44.6%+1.5% YoY

Total Housing Units

1,003,284+1.5% YoY

FY2026 Fair Market Rent

CountyKing County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$2,074

/month

1 BR

$2,146

/month

2 BR

$2,501

/month

3 BR

$3,272

/month

4 BR

$3,847

/month

FMR trends · King County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 53.6% of this ZIP's 424,963 occupied households, on a median household income of $121K.

Population & Age

Total Population

918,227+1.7% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 918,227

918Kresidents

Under 18137,95915.0%

Adults 18–64653,41271.2%

65 & Over126,85613.8%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.80+0.2% YoY

Population Under 18

137,959+0.4% YoY

Population 65 & Over

126,856+3.0% YoY

Households & Mobility

Total Households

424,963+2.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.10-0.7% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house80.3%

Moved (within US)18.5%

Other1.2%

Veterans

3.6%-4.9% YoY

Income & Poverty

Median Household Income

$121K+1.8% YoY

Per-Capita Income

$79K+4.1% YoY

Mean Household Income

$168K+3.1% YoY

Below Poverty Level

10.4%+1.2% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone41.7%

Public transit10.7%

Worked from home31.8%

Other15.8%

Worked From Home

31.8%+12.2% YoY

Mean Commute

26.41-2.1% YoY

Units & Tenure

Total Housing Units

458,944+2.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 458,944

459Kunits

Occupied424,96392.6%

Vacant33,9817.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 424,963

425Khouseholds

Owner197,37246.4%

Renter227,59153.6%

Avg Household Size — Owner

2.46+0.3% YoY

Avg Household Size — Renter

1.79-1.7% YoY

County Demographics

County population is up 1.1% to 2,287,171: residents under 18 are down 0.3% and those 65 and over are up 3.1%.

Median Age

37.42024

Population

King County Population

2,340,211+1.9% YoY

Households

Total Households

941,054+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.390.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,287,171

2.3Mresidents

Under 18445,59419.5%

Adults 18–641,520,67866.5%

65 & Over320,89914.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

445,594-0.3% YoY

Population 65 & Over

320,899+3.1% YoY

Median Age

37.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.3%

Moved (within US)15.3%

Other1.4%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $125K, 8.6% of residents are below the poverty level, 29.2% work from home.

Income

Median Household Income

$125K+2.1% YoY

Per-Capita Income

$74K+4.3% YoY

Mean Household Income

$177K+3.8% YoY

Poverty

Below Poverty Level

8.6%+2.4% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone50.4%

Public transit6.8%

Worked from home29.2%

Other13.6%

Worked From Home

29.2%+11.5% YoY

Mean Commute

27.60-1.8% YoY

Done with Seattle? Put it next to another market.