ZIP 98199 covers residential neighborhoods in Seattle, located within King County, WA, part of the broader Seattle housing market. The typical home value in ZIP 98199 in the Seattle housing market is $1,223,551, with a typical rent of $2,807 per month. That puts the local home-value-to-annual-rent ratio at 36.3.
Key stats
- ZIP 98199 is around the 95th percentile of tracked local ZIPs for home value.
- ZIP 98199 is around the 71st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 36.3.
- 63 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
- $1,223,551
- Typical rent
- $2,807
- Homes for sale
- 107
- Buyer competition
- 65
- New listings
- 30
- Homes going pending
- 19
- Listings with price cuts
- 34.1%
Price and rent in ZIP 98199
ZIP 98199 is around the 95th percentile of tracked local ZIPs for home value. ZIP 98199 is among the highest of tracked local ZIPs for rent.
ZIP 98199 home value & rent trend (past 12 months)
Typical home value rose 0.0% over the past 12 months, from $1,223,068 to $1,223,551. It rose in 6 of 11 monthly readings. The largest monthly gain was +0.5% in November 2025.
Typical rent rose 4.4% over the past 12 months, from $2,689 to $2,807. It rose in 7 of 11 monthly readings. The largest monthly gain was +2.9% in February 2026.
How ZIP 98199 compares to Seattle
ZIP 98199's typical home value is 53.3% above the Seattle median of $798,214. ZIP 98199's typical rent is 22.6% above the Seattle median of $2,290. ZIP 98199's buyer competition is 6.6% above the Seattle median of 61.
Supply, pending activity, and competition
ZIP 98199 is around the 43rd percentile of tracked local ZIPs for for-sale inventory. ZIP 98199 is around the 71st percentile of tracked local ZIPs for buyer competition. 63 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 60 and 107 — a 47-point spread across 21 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 98107, 98119, 98117, 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 98107 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 98117 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.