ZIP 98107 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98107 in the Seattle housing market is $848,846, with a typical rent of $2,295 per month. That puts the local home-value-to-annual-rent ratio at 30.8.
Key stats
- ZIP 98107 is around the 57th percentile of tracked local ZIPs for home value.
- ZIP 98107 is around the 19th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 30.8.
- 55 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $848,846
- Typical rent
- $2,295
- Homes for sale
- 110
- Buyer competition
- 46
- New listings
- 31
- Homes going pending
- 17
- Listings with price cuts
- 33.1%
Price and rent in ZIP 98107
ZIP 98107 is around the 57th percentile of tracked local ZIPs for home value. ZIP 98107 is around the 52nd percentile of tracked local ZIPs for rent.
ZIP 98107 home value & rent trend (past 12 months)
Typical home value fell 2.3% over the past 12 months, from $869,130 to $848,846. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.4% in November 2025.
Typical rent fell 0.7% over the past 12 months, from $2,312 to $2,295. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.6% in April 2026.
How ZIP 98107 compares to the metro
ZIP 98107's typical home value is 4.1% above the metro median of $815,787. ZIP 98107's buyer competition is 13.2% below the metro median of 53.
Supply, pending activity, and competition
ZIP 98107 is around the 48th percentile of tracked local ZIPs for for-sale inventory. ZIP 98107 is around the 19th percentile of tracked local ZIPs for buyer competition. 55 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 66 and 110 — a 44-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98199, 98119, 98103, 98117.
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 98107 vs 98101Compare this market with another tracked ZIP or peer group.
- Compare 98107 vs 98102Compare this market with another tracked ZIP or peer group.
- Compare 98107 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98199 housing marketReview a nearby local market with the same core measures.
- ZIP 98119 housing marketReview a nearby local market with the same core measures.
- ZIP 98103 housing marketReview a nearby local market with the same core measures.
- Seattle Metro housing market overviewReturn to the broader parent market.
98107 Housing Market Overview FAQ
What is the typical home value in ZIP 98107?
The typical home value in ZIP 98107 is $848,846 in the latest monthly reading.
What is the typical rent in ZIP 98107?
Typical rent in ZIP 98107 is $2,295 per month.
What is the home-value-to-rent ratio in ZIP 98107?
ZIP 98107 has a home-value-to-annual-rent ratio of 30.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules