Seattle, WA 98117 - Real Estate Investment Insights & Performance Data

Welcome to our 98117 real estate data hub, tailored for investors in Seattle, 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 98117 in Seattle, 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 Seattle, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Seattle property market.

• Location Overview

  • Zip Code: 98117
  • City: Seattle
  • State: WA
  • Metro Area: Seattle-Tacoma-Bellevue, WA
  • County Name: KING COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $971,666
  • Average Home Price (Single Family Homes): $980,976
  • Average Monthly Rental Price (All Types): $2,775
  • Price-to-Rent Ratio: 29
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $2,710
  • Average 3 Bedroom Section 8 Rental Rates: $3,640
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 29.88
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.25
  • 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): 507.14
  • Total % Appreciation since 2000 (Government Data): 245.06
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.88%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.69%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 16.44%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 16.86%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.73%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 56.08%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 150.4%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.9%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.11%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.69%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 22.89%