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 $830,412, with a typical rent of $2,335 per month. That puts the local home-value-to-annual-rent ratio at 29.6.
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 29.6.
- 52 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $830,412
- Typical rent
- $2,335
- Homes for sale
- 116
- Buyer competition
- 46
- New listings
- 31
- Homes going pending
- 16
- Listings with price cuts
- 31.9%
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 62nd percentile of tracked local ZIPs for rent.
ZIP 98107 home value & rent trend (past 12 months)
Typical home value fell 2.4% over the past 12 months, from $850,591 to $830,412. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.4% in November 2025.
Typical rent rose 0.5% over the past 12 months, from $2,324 to $2,335. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.0% in August 2026.
How ZIP 98107 compares to Seattle
ZIP 98107's typical home value is 4.0% above the Seattle median of $798,214. ZIP 98107's typical rent is 2.0% above the Seattle median of $2,290. ZIP 98107's buyer competition is 24.6% below the Seattle median of 61.
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. 52 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 116 — a 50-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 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 98101 vs 98107Compare this market with another tracked ZIP or peer group.
- Compare 98102 vs 98107Compare this market with another tracked ZIP or peer group.
- Compare 98103 vs 98107Compare 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 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.