Renton, WA 98056 - Real Estate Investment Insights & Performance Data

Welcome to our 98056 real estate data hub, tailored for investors in Renton, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 98056 in Renton, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KING COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Renton, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Renton property market.

• Location Overview

  • Zip Code: 98056
  • City: Renton
  • State: WA
  • Metro Area: Seattle-Tacoma-Bellevue, WA
  • County Name: KING COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $788,466
  • Average Home Price (Single Family Homes): $829,063
  • Average Monthly Rental Price (All Types): $2,245
  • Price-to-Rent Ratio: 29
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $2,350
  • Average 3 Bedroom Section 8 Rental Rates: $3,160
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.96
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 20.79
  • Number of Units Offered in Section 8 in the County: 11503
  • Number of Occupied Units in Section 8 in the County: 11121
  • Percentage of Section 8 Units Occupied in the County: 96.69999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 419.75
  • Total % Appreciation since 2000 (Government Data): 223.49
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.3%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -3.34%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.02%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.7%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 136.85%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.05%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 153.02%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.73%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.85%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 18.08%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 27.23%