ZIP 98105 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98105 in the Seattle housing market is $1,170,916, with a typical rent of $2,037 per month. That puts the local home-value-to-annual-rent ratio at 47.9.
Key stats
- ZIP 98105 is around the 90th percentile of tracked local ZIPs for home value.
- ZIP 98105 is around the 67th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 47.9.
- 68 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $1,170,916
- Typical rent
- $2,037
- Homes for sale
- 104
- Buyer competition
- 61
- New listings
- 34
- Homes going pending
- 23
- Listings with price cuts
- 25.5%
Price and rent in ZIP 98105
ZIP 98105 is around the 90th percentile of tracked local ZIPs for home value. ZIP 98105 is around the 14th percentile of tracked local ZIPs for rent.
ZIP 98105 home value & rent trend (past 12 months)
Typical home value fell 1.5% over the past 12 months, from $1,188,922 to $1,170,916. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.4% in November 2025.
Typical rent fell 0.0% over the past 12 months, from $2,038 to $2,037. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.8% in May 2026.
How ZIP 98105 compares to the metro
ZIP 98105's typical home value is 43.5% above the metro median of $815,787. ZIP 98105's typical rent is 10.6% below the metro median of $2,279. ZIP 98105's buyer competition is 15.1% above the metro median of 53.
How fast homes sell in ZIP 98105
Homes in ZIP 98105 typically go pending in about 40 days — about 21% slower than the metro median of 33 days.
Supply, pending activity, and competition
ZIP 98105 is around the 43rd percentile of tracked local ZIPs for for-sale inventory. ZIP 98105 is around the 67th percentile of tracked local ZIPs for buyer competition. 68 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 70 and 104 — a 34-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98195, 98115, 98112, 98102.
Continue your market research
- Is Seattle Housing Market Cooling?Read the related local market analysis.
- Is Seattle a Buyer's Market?Read the related local market analysis.
- Compare 98105 vs 98101Compare this market with another tracked ZIP or peer group.
- Compare 98105 vs 98102Compare this market with another tracked ZIP or peer group.
- Compare 98105 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98195 housing marketReview a nearby local market with the same core measures.
- ZIP 98115 housing marketReview a nearby local market with the same core measures.
- ZIP 98112 housing marketReview a nearby local market with the same core measures.
- Seattle Metro housing market overviewReturn to the broader parent market.
98105 Housing Market Overview FAQ
What is the typical home value in ZIP 98105?
The typical home value in ZIP 98105 is $1,170,916 in the latest monthly reading.
What is the typical rent in ZIP 98105?
Typical rent in ZIP 98105 is $2,037 per month.
What is the home-value-to-rent ratio in ZIP 98105?
ZIP 98105 has a home-value-to-annual-rent ratio of 47.9.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules