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Seattle city, WA

ZIP 98112 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98112

Median Home Value
$1,407,400
Median Rent
$1,955
Affordability Snapshot
$387,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$9,041/mo PITI).

14%
Rent-to-Income Ratio

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

8.7x
Home Price-to-Income Ratio

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

60.0 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 98112 in Seattle city, WA, a household would need roughly $387,000 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 $9,041. That is about 139% above the local median household income ($162,073), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.8%-7% vs US avg
x
Vacancy Rate
6.4%-37% vs US avg
x
Broadband Access
97.8%+12% vs US avg
x
4+ Bedrooms
8.5%-43% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
18.4%-63% vs US avg
x
Mortgage-Free
36.4%-5% vs US avg
x
$1,407,400
Home Value
$1,955
Rent
1944
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 detached53.2%
  • 1-unit attached6.2%
  • 2-9 units12.3%
  • 10+ units28.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,407,400
Median rent$1,955
Owner-occupied60.8%
Vacant6.4%
Price-to-income8.7x
Est. income to buy$387,000