ZIP 98119 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98119 in the Seattle housing market is $1,025,232, with a typical rent of $2,072 per month. That puts the local home-value-to-annual-rent ratio at 41.2.
Key stats
- ZIP 98119 is around the 86th percentile of tracked local ZIPs for home value.
- ZIP 98119 is around the 33rd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 41.2.
- 51 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $1,025,232
- Typical rent
- $2,072
- Homes for sale
- 142
- Buyer competition
- 52
- New listings
- 35
- Homes going pending
- 18
- Listings with price cuts
- 29.8%
Price and rent in ZIP 98119
ZIP 98119 is around the 86th percentile of tracked local ZIPs for home value. ZIP 98119 is around the 38th percentile of tracked local ZIPs for rent.
ZIP 98119 home value & rent trend (past 12 months)
Typical home value fell 0.3% over the past 12 months, from $1,028,766 to $1,025,232. It rose in 6 of 11 monthly readings. The largest monthly gain was +0.5% in November 2025.
Typical rent rose 1.3% over the past 12 months, from $2,046 to $2,072. It rose in 8 of 11 monthly readings. The largest monthly gain was +0.7% in February 2026.
How ZIP 98119 compares to Seattle
ZIP 98119's typical home value is 28.4% above the Seattle median of $798,214. ZIP 98119's typical rent is 9.5% below the Seattle median of $2,290. ZIP 98119's buyer competition is 14.8% below the Seattle median of 61.
Supply, pending activity, and competition
ZIP 98119 is around the 81st percentile of tracked local ZIPs for for-sale inventory. ZIP 98119 is around the 33rd percentile of tracked local ZIPs for buyer competition. 51 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 84 and 142 — a 58-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98109, 98107, 98199, 98121.
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 98109 housing marketReview a nearby local market with the same core measures.
- 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.
- 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.