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Seattle city, WA

ZIP 98102 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98102

Median Home Value
$988,700
Median Rent
$1,858
Affordability Snapshot
$272,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,351/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

44.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98102 in Seattle city, WA, a household would need roughly $272,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,351. That is about 138% above the local median household income ($114,395), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
25.5%-61% vs US avg
x
Vacancy Rate
6.0%-41% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
2.1%-84% vs US avg
x
Built Post-2014
1.0%-85% vs US avg
x
Rent Burden >30%
15.3%-69% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$988,700
Home Value
$1,858
Rent
1972
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached11.7%
  • 1-unit attached5.3%
  • 2-9 units14.2%
  • 10+ units68.3%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$988,700
Median rent$1,858
Owner-occupied25.5%
Vacant6.0%
Price-to-income8.6x
Est. income to buy$272,000