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Seattle city, WA

ZIP 98109 — 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 98109

Median Home Value
$986,000
Median Rent
$2,217
Affordability Snapshot
$271,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,334/mo PITI).

20%
Rent-to-Income Ratio

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

7.5x
Home Price-to-Income Ratio

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

37.1 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 98109 in Seattle city, WA, a household would need roughly $271,000 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 $6,334. That is about 107% above the local median household income ($130,845), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
21.4%-67% vs US avg
x
Vacancy Rate
11.1%+8% vs US avg
x
Broadband Access
97.2%+12% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
28.1%-26% vs US avg
x
$986,000
Home Value
$2,217
Rent
2003
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 detached10.2%
  • 1-unit attached2.5%
  • 2-9 units10.8%
  • 10+ units76.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$986,000
Median rent$2,217
Owner-occupied21.4%
Vacant11.1%
Price-to-income7.5x
Est. income to buy$271,000