ZIP 98122 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98122 in the Seattle housing market is $821,024, with a typical rent of $2,086 per month. That puts the local home-value-to-annual-rent ratio at 32.8.
Key stats
- ZIP 98122 is around the 52nd percentile of tracked local ZIPs for home value.
- ZIP 98122 is around the 29th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 32.8.
- 67 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $821,024
- Typical rent
- $2,086
- Homes for sale
- 136
- Buyer competition
- 48
- New listings
- 42
- Homes going pending
- 28
- Listings with price cuts
- 26.1%
Price and rent in ZIP 98122
ZIP 98122 is around the 52nd percentile of tracked local ZIPs for home value. ZIP 98122 is around the 33rd percentile of tracked local ZIPs for rent.
ZIP 98122 home value & rent trend (past 12 months)
Typical home value fell 2.0% over the past 12 months, from $838,121 to $821,024. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.5% in November 2025.
Typical rent fell 0.1% over the past 12 months, from $2,087 to $2,086. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.6% in May 2026.
How ZIP 98122 compares to the metro
ZIP 98122's typical rent is 8.5% below the metro median of $2,279. ZIP 98122's buyer competition is 9.4% below the metro median of 53.
How fast homes sell in ZIP 98122
Homes in ZIP 98122 typically go pending in about 42 days — about 27% slower than the metro median of 33 days.
Supply, pending activity, and competition
ZIP 98122 is around the 76th percentile of tracked local ZIPs for for-sale inventory. ZIP 98122 is around the 29th percentile of tracked local ZIPs for buyer competition. 67 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 102 and 148 — a 46-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98164, 98104, 98154, 98174.
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 98122 vs 98101Compare this market with another tracked ZIP or peer group.
- Compare 98122 vs 98102Compare this market with another tracked ZIP or peer group.
- Compare 98122 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98164 housing marketReview a nearby local market with the same core measures.
- ZIP 98104 housing marketReview a nearby local market with the same core measures.
- ZIP 98154 housing marketReview a nearby local market with the same core measures.
- Seattle Metro housing market overviewReturn to the broader parent market.
98122 Housing Market Overview FAQ
What is the typical home value in ZIP 98122?
The typical home value in ZIP 98122 is $821,024 in the latest monthly reading.
What is the typical rent in ZIP 98122?
Typical rent in ZIP 98122 is $2,086 per month.
What is the home-value-to-rent ratio in ZIP 98122?
ZIP 98122 has a home-value-to-annual-rent ratio of 32.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules