ZIP 98112 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98112 in the Seattle housing market is $1,362,281, with a typical rent of $2,263 per month. That puts the local home-value-to-annual-rent ratio at 50.2.
Key stats
- ZIP 98112 is among the highest of tracked local ZIPs for home value.
- ZIP 98112 is around the 76th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 50.2.
- 88 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
- $1,362,281
- Typical rent
- $2,263
- Homes for sale
- 100
- Buyer competition
- 63
- New listings
- 32
- Homes going pending
- 28
- Listings with price cuts
- 26.0%
Price and rent in ZIP 98112
ZIP 98112 is among the highest of tracked local ZIPs for home value. ZIP 98112 is around the 48th percentile of tracked local ZIPs for rent.
ZIP 98112 home value & rent trend (past 12 months)
Typical home value fell 1.1% over the past 12 months, from $1,377,243 to $1,362,281. It rose in 6 of 11 monthly readings. The largest monthly gain was +0.4% in November 2025.
Typical rent fell 0.5% over the past 12 months, from $2,273 to $2,263. It rose in 5 of 11 monthly readings. The largest monthly gain was +2.2% in February 2026.
How ZIP 98112 compares to Seattle
ZIP 98112's typical home value is 67.0% above the Seattle median of $815,787. ZIP 98112's buyer competition is 18.9% above the Seattle median of 53.
How fast homes sell in ZIP 98112
Homes in ZIP 98112 typically go pending in about 33 days — in line with the metro median.
Supply, pending activity, and competition
ZIP 98112 is around the 33rd percentile of tracked local ZIPs for for-sale inventory. ZIP 98112 is around the 76th percentile of tracked local ZIPs for buyer competition. 88 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 55 and 103 — a 48-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98102, 98122, 98105, 98109.
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.
- All Seattle ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 98102 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 98105 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 under our editorial policy. Spotted something wrong? Report a correction.