Seattle
Washington · Ranked #362 of 373 metros
25Crisis
💡
Housing in Seattle costs 6.43× the median income, above the national average of 4.5×. The median home price is $712K and median rent is $1,965/month. Seattle ranks #362 of 373 metros for affordability.
Median Home Price
🏠$712K
Need $215K income
Median Rent
🔑$1,965
Need $82K income
Housing Shortage
📉95,000
units needed
Building Permits
🔨24,000
annual
Median Income
💰$111K
Pop: 4,018,762
Rent Burden
⚠️33.5%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡60.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Seattle | National |
|---|---|---|
| Price-to-Income Ratio | 6.43x | 6.1x |
| Rent Burden | 33.5% | 31.5% |
| Homeownership Rate | 60.0% | 65.5% |
| YoY Price Change | +3.8% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 10.0% | 13.5% |
| Eviction Rate | 2.2% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +45%Since 2000: +269.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$2,074/mo
1 Bedroom$2,146/mo
2 Bedroom$2,501/mo
3 Bedroom$3,272/mo
4 Bedroom$3,847/mo
Zillow Market Data
Home Value (ZHVI)
$740K
1yr: -1.6%5yr: +25.7%
Rent (ZORI)
$2,181/mo
1yr: +1.5%5yr: +28.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$475K
Active Inventory
1,404
Days on Market
60
Sold Above List
14.8%
Price Drops
26.6%