ZIP 98104 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98104 in the Seattle housing market is $534,589, with a typical rent of $2,048 per month. That puts the local home-value-to-annual-rent ratio at 21.8.
Key stats
- ZIP 98104 is around the 5th percentile of tracked local ZIPs for home value.
- ZIP 98104 is among the lowest of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 21.8.
- 60 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $534,589
- Typical rent
- $2,048
- Homes for sale
- 57
- Buyer competition
- 31
- New listings
- 10
- Homes going pending
- 6
- Listings with price cuts
- 28.1%
Price and rent in ZIP 98104
ZIP 98104 is around the 5th percentile of tracked local ZIPs for home value. ZIP 98104 is around the 29th percentile of tracked local ZIPs for rent.
ZIP 98104 home value & rent trend (past 12 months)
Typical home value fell 3.3% over the past 12 months, from $553,037 to $534,589. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.3% in November 2025.
Typical rent fell 1.2% over the past 12 months, from $2,074 to $2,048. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.4% in July 2026.
How ZIP 98104 compares to Seattle
ZIP 98104's typical home value is 33.0% below the Seattle median of $798,214. ZIP 98104's typical rent is 10.5% below the Seattle median of $2,290. ZIP 98104's buyer competition is 49.2% below the Seattle median of 61.
Supply, pending activity, and competition
ZIP 98104 is around the 5th percentile of tracked local ZIPs for for-sale inventory. ZIP 98104 is among the lowest of tracked local ZIPs for buyer competition. 60 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 43 and 61 — a 18-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98101, 98122, 98121, 98144.
Continue your market research
- Is the Seattle Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Seattle a Buyer's Market?Read the related local market analysis.
- Compare 98104 vs 98107Compare this market with another tracked ZIP or peer group.
- Compare 98104 vs 98108Compare this market with another tracked ZIP or peer group.
- Compare 98104 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 98101 housing marketReview a nearby local market with the same core measures.
- ZIP 98122 housing marketReview a nearby local market with the same core measures.
- ZIP 98121 housing marketReview a nearby local market with the same core measures.
- Seattle housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.