US5.com
  1. Home
  2. States
  3. Washington
  4. ZIP 98115
  5. Housing & Real Estate
Seattle city, WA

ZIP 98115 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98115

Median Home Value
$1,041,500
Median Rent
$1,947
Affordability Snapshot
$287,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,690/mo PITI).

16%
Rent-to-Income Ratio

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

7.0x
Home Price-to-Income Ratio

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

44.6 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 98115 in Seattle city, WA, a household would need roughly $287,000 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 $6,690. That is about 94% above the local median household income ($148,190), 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
59.3%-9% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
7.9%-47% vs US avg
x
Built Pre-1939
14.4%+12% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
31.9%-16% vs US avg
x
$1,041,500
Home Value
$1,947
Rent
1960
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached61.2%
  • 1-unit attached3.4%
  • 2-9 units8.4%
  • 10+ units26.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,041,500
Median rent$1,947
Owner-occupied59.3%
Vacant6.3%
Price-to-income7.0x
Est. income to buy$287,000