Seattle WA

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Seattle, WA Real Estate Data

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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Seattle Housing Market Information

With 744,955 people, 323,446 houses or apartments, and a median cost of homes of $776,409, Seattle house prices are not only among the most expensive in Washington, Seattle real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Seattle, accounting for 46.39% of the city's housing units. Other types of housing that are prevalent in Seattle include single-family detached homes ( 41.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.33%), and a few row houses and other attached homes ( 5.18%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Seattle primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Seattle 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. Seattle's housing was primarily built during this period, from the '40s through the '60s. A full 27.83% of the city's housing hails from this era. Other housing ages represented in Seattle include homes built before 1939 ( 26.03%) and housing constructed between 1970-1999 ( 24.73%). There's also some housing in Seattle built between 2000 and later ( 21.40%).

Seattle Home Appreciation Rates

In the last 10 years, Seattle has experienced some of the highest home appreciation rates of any community in the nation. Seattle real estate appreciated 82.44% over the last ten years, which is an average annual home appreciation rate of 6.20%, putting Seattle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Seattle 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, Seattle appreciation rates have trailed the rest of the nation. In the last twelve months, Seattle's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Seattle were at 0.95%, which equates to an annual appreciation rate of 3.86%.

Relative to Washington, our data show that Seattle's latest annual appreciation rate is lower than 80% 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 Seattle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seattle - 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 Seattle real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,286,000 13.1
$965,001 - $1,286,000 16.5
$643,001 - $965,000 30.1
$514,001 - $643,000 14.0
$386,001 - $514,000 14.6
$257,001 - $386,000 8.1
$129,001 - $257,000 2.3
$64,001 - $129,000 0.4
$0 - $64,000 1.0

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
2.51094890510949 3.886925795053

Number Of Homes And Apartments:

Seattle Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
177.34% 5.23%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,491 / per month

Homeownership Rate

Owners 44.61
Renters 55.39
Vacant 6.11

Housing Market Details


Age of Homes

2000 or Newer 21.4
1970 - 1999 24.7
1940 - 1969 27.8
1939 or Older 26.0

Types of Homes

Single-Family 41.8
Townhomes 5.2
Small Apt. Buildings 6.3
Apt. Complexes 46.4
Mobile Homes 0.2
Other 0.1

Home Size

No Bedroom 11.17
1 Bedroom 24.68
2 Bedrooms 27.37
3 Bedrooms 21.21
4 Bedrooms 11.42
5 or more bedrooms 4.14