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Seattle city, WA

ZIP 98121 — 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 98121

Median Home Value
$796,600
Median Rent
$2,247
Affordability Snapshot
$219,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,117/mo PITI).

18%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

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

29.5 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 98121 in Seattle city, WA, a household would need roughly $219,000 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 $5,117. That is about 47% above the local median household income ($148,974), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
25.2%-61% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
95.3%+9% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
17.3%-65% vs US avg
x
Mortgage-Free
25.8%-33% vs US avg
x
$796,600
Home Value
$2,247
Rent
2004
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 detached1.6%
  • 1-unit attached0.2%
  • 2-9 units1.3%
  • 10+ units96.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$796,600
Median rent$2,247
Owner-occupied25.2%
Vacant12.3%
Price-to-income5.3x
Est. income to buy$219,000