ZIP 98126 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98126 in the Seattle housing market is $753,797, with a typical rent of $2,125 per month. That puts the local home-value-to-annual-rent ratio at 29.6.
Key stats
- ZIP 98126 is around the 29th percentile of tracked local ZIPs for home value.
- ZIP 98126 is around the 52nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 29.6.
- 81 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $753,797
- Typical rent
- $2,125
- Homes for sale
- 90
- Buyer competition
- 53
- New listings
- 36
- Homes going pending
- 29
- Listings with price cuts
- 36.7%
Price and rent in ZIP 98126
ZIP 98126 is around the 29th percentile of tracked local ZIPs for home value. ZIP 98126 is around the 38th percentile of tracked local ZIPs for rent.
ZIP 98126 home value & rent trend (past 12 months)
Typical home value fell 1.5% over the past 12 months, from $765,250 to $753,797. It rose in 6 of 11 monthly readings. The largest monthly gain was +0.3% in November 2025.
Typical rent rose 2.8% over the past 12 months, from $2,067 to $2,125. It rose in 8 of 11 monthly readings. The largest monthly gain was +1.3% in October 2025.
How ZIP 98126 compares to the metro
ZIP 98126's typical home value is 7.6% below the metro median of $815,787. ZIP 98126's typical rent is 6.8% below the metro median of $2,279.
How fast homes sell in ZIP 98126
Homes in ZIP 98126 typically go pending in about 26 days — about 21% faster than the metro median of 33 days.
Supply, pending activity, and competition
ZIP 98126 is around the 19th percentile of tracked local ZIPs for for-sale inventory. ZIP 98126 is around the 52nd percentile of tracked local ZIPs for buyer competition. 81 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 53 and 90 — a 37-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98106, 98136, 98116, 98134.
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 98126 vs 98101Compare this market with another tracked ZIP or peer group.
- Compare 98126 vs 98102Compare this market with another tracked ZIP or peer group.
- Compare 98126 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98106 housing marketReview a nearby local market with the same core measures.
- ZIP 98136 housing marketReview a nearby local market with the same core measures.
- ZIP 98116 housing marketReview a nearby local market with the same core measures.
- Seattle Metro housing market overviewReturn to the broader parent market.
98126 Housing Market Overview FAQ
What is the typical home value in ZIP 98126?
The typical home value in ZIP 98126 is $753,797 in the latest monthly reading.
What is the typical rent in ZIP 98126?
Typical rent in ZIP 98126 is $2,125 per month.
What is the home-value-to-rent ratio in ZIP 98126?
ZIP 98126 has a home-value-to-annual-rent ratio of 29.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules