ZIP 98199 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98199 in the Seattle housing market is $1,249,432, with a typical rent of $2,810 per month. That puts the local home-value-to-annual-rent ratio at 37.1.
Key stats
- ZIP 98199 is around the 95th percentile of tracked local ZIPs for home value.
- ZIP 98199 is around the 24th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 37.1.
- 74 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $1,249,432
- Typical rent
- $2,810
- Homes for sale
- 104
- Buyer competition
- 47
- New listings
- 31
- Homes going pending
- 23
- Listings with price cuts
- 37.3%
Price and rent in ZIP 98199
ZIP 98199 is around the 95th percentile of tracked local ZIPs for home value. ZIP 98199 is among the highest of tracked local ZIPs for rent.
ZIP 98199 home value & rent trend (past 12 months)
Typical home value fell 0.0% over the past 12 months, from $1,249,474 to $1,249,432. It rose in 6 of 11 monthly readings. The largest monthly gain was +0.5% in November 2025.
Typical rent rose 4.8% over the past 12 months, from $2,680 to $2,810. It rose in 7 of 11 monthly readings. The largest monthly gain was +2.9% in February 2026.
How ZIP 98199 compares to the metro
ZIP 98199's typical home value is 53.2% above the metro median of $815,787. ZIP 98199's typical rent is 23.3% above the metro median of $2,279. ZIP 98199's buyer competition is 11.3% below the metro median of 53.
Supply, pending activity, and competition
ZIP 98199 is around the 43rd percentile of tracked local ZIPs for for-sale inventory. ZIP 98199 is around the 24th percentile of tracked local ZIPs for buyer competition. 74 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 60 and 104 — a 44-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98107, 98119, 98117, 98109.
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 98199 vs 98101Compare this market with another tracked ZIP or peer group.
- Compare 98199 vs 98102Compare this market with another tracked ZIP or peer group.
- Compare 98199 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98107 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 98117 housing marketReview a nearby local market with the same core measures.
- Seattle Metro housing market overviewReturn to the broader parent market.
98199 Housing Market Overview FAQ
What is the typical home value in ZIP 98199?
The typical home value in ZIP 98199 is $1,249,432 in the latest monthly reading.
What is the typical rent in ZIP 98199?
Typical rent in ZIP 98199 is $2,810 per month.
What is the home-value-to-rent ratio in ZIP 98199?
ZIP 98199 has a home-value-to-annual-rent ratio of 37.1.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules