dynamic.RE

State

City

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City

State

City

ZIP codes

Seattle, WA · 98138

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 $125K, +2.1% YoY (county); renters hold 44.6% of county households. See the people evidence ↓

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: . 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.

Median Listing Price

Population

941,054

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 98138? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Seattle, WA · 98138

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 $125K, +2.1% YoY (county); renters hold 44.6% of county households. See the people evidence ↓

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

Population

941,054

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 98138? Put it next to another market.