Seattle, WA
King County · Pop. 749,256
Ranked #207 of 243 cities
22Crisis
Median Home Price
🏠$820K
3.0% YoY
Median Rent
🔑$2,200
2.5% YoY
Median Income
💰$100K
Rent Burden
📊30.0%
% of income to rent
Income to Buy
🏦$236K
annual income needed
Income to Rent
📝$88K
annual income needed
Price-to-Income
⚖️8.2x
Homeownership
🏡46.0%
Rent vs. Buy
Buy
$4,364/mo
Est. mortgage (7%, 20% down)
Need $236K/yr income
Rent
$2,200/mo
Median rent
Need $88K/yr income
How Seattle Compares
| Metric | Seattle | Washington | National |
|---|---|---|---|
| Home Price | $820K | $576K | $410K |
| Rent | $2,200 | $1,731 | $1,500 |
| Income | $100K | $95K | $75K |
| Rent Burden | 30.0% | 35.0% | 30.0% |
Key Takeaways
- • Home prices in Seattle are 100% higher than the national average.
- • Rent is 47% higher than the national average.
- • You need an income of $236K to comfortably buy a home here.
- • The homeownership rate is 46.0%, compared to 65.0% nationally.