ZIP 98108 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98108 in the Seattle housing market is $671,414, with a typical rent of $2,324 per month. That puts the local home-value-to-annual-rent ratio at 24.1.
Key stats
- ZIP 98108 is around the 19th percentile of tracked local ZIPs for home value.
- ZIP 98108 is around the 67th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 24.1.
- 65 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $671,414
- Typical rent
- $2,324
- Homes for sale
- 70
- Buyer competition
- 64
- New listings
- 23
- Homes going pending
- 15
- Listings with price cuts
- 29.9%
Price and rent in ZIP 98108
ZIP 98108 is around the 19th percentile of tracked local ZIPs for home value. ZIP 98108 is around the 57th percentile of tracked local ZIPs for rent.
ZIP 98108 home value & rent trend (past 12 months)
Typical home value fell 1.8% over the past 12 months, from $683,939 to $671,414. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.3% in November 2025.
Typical rent rose 2.5% over the past 12 months, from $2,268 to $2,324. It rose in 5 of 11 monthly readings. The largest monthly gain was +2.0% in March 2026.
How ZIP 98108 compares to Seattle
ZIP 98108's typical home value is 15.9% below the Seattle median of $798,214. ZIP 98108's typical rent is 1.5% above the Seattle median of $2,290. ZIP 98108's buyer competition is 4.9% above the Seattle median of 61.
Supply, pending activity, and competition
ZIP 98108 is around the 10th percentile of tracked local ZIPs for for-sale inventory. ZIP 98108 is around the 67th percentile of tracked local ZIPs for buyer competition. 65 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 33 and 70 — a 37-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98106, 98118, 98126, 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 98101 vs 98108Compare this market with another tracked ZIP or peer group.
- Compare 98102 vs 98108Compare this market with another tracked ZIP or peer group.
- Compare 98103 vs 98108Compare this market with another tracked ZIP or peer group.
- ZIP 98106 housing marketReview a nearby local market with the same core measures.
- ZIP 98118 housing marketReview a nearby local market with the same core measures.
- ZIP 98126 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.