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Renton city, WA

ZIP 98056 — 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 98056

Median Home Value
$726,300
Median Rent
$1,845
Affordability Snapshot
$200,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,666/mo PITI).

20%
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.

32.8 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 98056 in Renton city, WA, a household would need roughly $200,000 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 $4,666. That is about 84% above the local median household income ($108,596), 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
55.0%-16% vs US avg
x
Vacancy Rate
5.7%-44% vs US avg
x
Broadband Access
94.6%+9% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
6.3%-50% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
23.2%-53% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$726,300
Home Value
$1,845
Rent
1989
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached57.5%
  • 1-unit attached5.7%
  • 2-9 units11.4%
  • 10+ units24.6%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$726,300
Median rent$1,845
Owner-occupied55.0%
Vacant5.7%
Price-to-income6.7x
Est. income to buy$200,000