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Seattle city, WA

ZIP 98107 — 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 98107

Median Home Value
$924,900
Median Rent
$2,044
Affordability Snapshot
$255,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,941/mo PITI).

18%
Rent-to-Income Ratio

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

6.7x
Home Price-to-Income Ratio

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

37.7 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 98107 in Seattle city, WA, a household would need roughly $255,000 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 $5,941. That is about 85% above the local median household income ($137,748), 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
39.4%-40% vs US avg
x
Vacancy Rate
6.7%-35% vs US avg
x
Broadband Access
94.1%+8% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
16.0%-68% vs US avg
x
Mortgage-Free
19.5%-49% vs US avg
x
$924,900
Home Value
$2,044
Rent
1992
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 detached25.6%
  • 1-unit attached11.2%
  • 2-9 units18.2%
  • 10+ units44.5%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$924,900
Median rent$2,044
Owner-occupied39.4%
Vacant6.7%
Price-to-income6.7x
Est. income to buy$255,000