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Seattle city, WA

ZIP 98104 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98104

Median Home Value
$663,000
Median Rent
$1,461
Affordability Snapshot
$183,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,259/mo PITI).

28%
Rent-to-Income Ratio

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

10.7x
Home Price-to-Income Ratio

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

37.8 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 98104 in Seattle city, WA, a household would need roughly $183,000 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 $4,259. That is about 196% above the local median household income ($61,866), 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

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
8.0%-88% vs US avg
x
Vacancy Rate
16.4%+59% vs US avg
x
Broadband Access
84.7%-3% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
20.8%-58% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$663,000
Home Value
$1,461
Rent
1987
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 detached0.6%
  • 1-unit attached0.0%
  • 2-9 units2.1%
  • 10+ units97.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$663,000
Median rent$1,461
Owner-occupied8.0%
Vacant16.4%
Price-to-income10.7x
Est. income to buy$183,000