Real Estate Investing in Seattle, Washington (98107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98107 (Seattle, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (0.5% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 30.8 — hard to cash-flow at these prices.
What’s happening in Seattle, WA (98107)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98107 Seattle
From an investor standpoint, ZIP 98107 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $849K median. It rewards specialists, not generalists.
In practical terms, the numbers look inviting — $849K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98107 is substantial and deserves full respect.
Statewide comparisons place 98107 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 98107 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Seattle:
Property Strategy for 98107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $438,022 | $2,570 | 4.2% | -0.5% | $438,022 |
| 2BR | $732,100 | $2,990 | 2.9% | +1.4% | $366,050 |
| 3BR | $912,279 | $3,910 | 3.1% | +1.9% | $304,093 |
| 4BR | $1,193,944 | $4,600 | 2.8% | +3.3% | $298,486 |
| 5BR | $1,386,999 | — | — | +4.5% | $277,400 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98107 Compare?
| Metric | 98107 | Seattle | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $848,846 | $694,046 | N/A | $591,536 |
| 5-Year CAGR | 0.5% | 0.8% | N/A | 5.9% |
| Avg Rent | $2,295 | $2,268 | N/A | - |
| Cap Rate | 2.1% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98107 (Seattle, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98107 (Seattle, WA)?
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Property managers serving King County
Manage rentals here? List your business →Alki Property Management LLC specializes in apartment rentals. summary from their website
Brink Property Management offers residential property management and vacant home management services in Bellevue, providing marketing, tenant screening, rent collection, and maintenance. summary from their website
Full Service Property Management offers compassionate property management across Metro Seattle, including multi-family management, property marketing, and maintenance services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $848,846 |
| Monthly Rent | $2,295 |
| Price-to-Rent | 30.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 2.6% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +0.5% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 98107
Population: 28,390
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 98107
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Daniel Bagley Elementary School
Green Lake Elementary School
John Hay Elementary School
Queen Anne Elementary
B F Day Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 10,388 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Seattle, WA?
Expect median prices around $849K in Seattle, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is the investability score for Seattle, WA?
Yes - Seattle, WA a 2.0/5 investability score. With $849K home prices against $2,295/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the renter demographic in Seattle, WA?
Tenant quality in Seattle, WA ranks as solid. Landlords generally report steady occupancy at market rents of $2,295/mo.
Is Seattle, WA landlord-friendly?
WA ranks as a tenant-protective state for landlord-tenant law. Seattle generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Seattle, WA?
A careful cash-flow rentals with hands-on management strategy Seattle, WA best. The market produces steady results for that approach at the $849K price point.
You know 98107 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98107 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 98107 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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