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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



SeaTac, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

SeaTac, WA Housing Market Trends

With 30,525 people, 11,414 houses or apartments, and a median cost of homes of $625,729, real estate costs in SeaTac are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in SeaTac, accounting for 44.54% of the city's housing units. Other types of housing that are prevalent in SeaTac include large apartment complexes or high rise apartments ( 41.27%), duplexes, homes converted to apartments or other small apartment buildings ( 6.26%), and a few mobile homes or trailers ( 4.84%).

People in SeaTac primarily live in small (one, two or no bedroom) single-family detached homes. SeaTac has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. SeaTac's housing was primarily built during this period, from the '40s through the '60s. A full 46.78% of the city's housing hails from this era. Other housing ages represented in SeaTac include homes built between 1970-1999 ( 33.45%) and housing constructed between 2000 and later ( 15.75%). There's also some housing in SeaTac built before 1939 ( 4.02%).

SeaTac Home Appreciation Rates

In the last 10 years, SeaTac has experienced some of the highest home appreciation rates of any community in the nation. SeaTac real estate appreciated 148.86% over the last ten years, which is an average annual home appreciation rate of 9.55%, putting SeaTac in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, SeaTac definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, SeaTac appreciation rates have trailed the rest of the nation. In the last twelve months, SeaTac's appreciation rate has been -0.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in SeaTac were at -1.24%, which equates to an annual appreciation rate of -4.88%.

Notably, SeaTac's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that SeaTac's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within SeaTac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in SeaTac - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best SeaTac real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$625,729

SeaTac, WA Home Prices
> $1,270,000
$952,001 - $1,270,000
$634,001 - $952,000
$508,001 - $634,000
$381,001 - $508,000
$254,001 - $381,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
3.4%
3.4%
6.6%
6.6%
28.0%
28.0%
26.9%
26.9%
16.7%
16.7%
8.2%
8.2%
1.3%
1.3%
2.5%
2.5%
6.4%
6.4%
0% 100.0%
% of Homes
High

for Washington

Very High

for nation

Number of Homes And Apartments:

11,414

SeaTac Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,458 / per month

Homeownership Rate

Owners
Renters
45.5%
45.5%
54.5%
54.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
33.4%
33.4%
46.8%
46.8%
4.0%
4.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.5%
44.5%
3.1%
3.1%
6.3%
6.3%
41.3%
41.3%
4.8%
4.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
23.7%
23.7%
33.7%
33.7%
22.8%
22.8%
12.0%
12.0%
5.3%
5.3%
0% 100.0%
% of Homes