ZIP 98117 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98117 in the Seattle housing market is $958,729, with a typical rent of $2,565 per month. That puts the local home-value-to-annual-rent ratio at 31.1.
Key stats
- ZIP 98117 is around the 71st percentile of tracked local ZIPs for home value.
- ZIP 98117 is around the 95th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 31.1.
- 83 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $958,729
- Typical rent
- $2,565
- Homes for sale
- 93
- Buyer competition
- 90
- New listings
- 40
- Homes going pending
- 33
- Listings with price cuts
- 28.1%
Price and rent in ZIP 98117
ZIP 98117 is around the 71st percentile of tracked local ZIPs for home value. ZIP 98117 is around the 86th percentile of tracked local ZIPs for rent.
ZIP 98117 home value & rent trend (past 12 months)
Typical home value rose 0.1% over the past 12 months, from $957,295 to $958,729. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.7% in November 2025.
Typical rent rose 1.7% over the past 12 months, from $2,522 to $2,565. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.1% in July 2026.
How ZIP 98117 compares to Seattle
ZIP 98117's typical home value is 20.1% above the Seattle median of $798,214. ZIP 98117's typical rent is 12.0% above the Seattle median of $2,290. ZIP 98117's buyer competition is 47.5% above the Seattle median of 61.
How fast homes sell in ZIP 98117
Homes in ZIP 98117 typically go pending in about 21 days — about 36% faster than the metro median of 33 days.
Supply, pending activity, and competition
ZIP 98117 is around the 29th percentile of tracked local ZIPs for for-sale inventory. ZIP 98117 is around the 95th percentile of tracked local ZIPs for buyer competition. 83 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 12 readings on record, inventory moved between 56 and 94 — a 38-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98107, 98199, 98103, 98119.
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 98107 housing marketReview a nearby local market with the same core measures.
- ZIP 98199 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.