The median tracked Seattle ZIP has a home-value-to-annual-rent ratio of 29.1, and that ratio varies more between Seattle ZIPs than it does between metros. The home-value-to-annual-rent ratio runs from 16.3 in 98121 to 47.1 in 98105, so the same metro contains both ends of the range. 1 of 22 ZIPs (5%) show faster rent growth. The median tracked ZIP in Seattle has a typical home value of $798,214 and typical rent of $2,290 per month.
Key stats
- The home-value-to-annual-rent ratio runs from 16.3 in 98121 to 47.1 in 98105, so the same metro contains both ends of the range.
- The median tracked ZIP in Seattle has a typical home value of $798,214 and typical rent of $2,290 per month.
- 0 of 22 ZIPs (0%) show faster inventory growth.
- 1 of 22 ZIPs (5%) show faster rent growth.
- Tracked ZIP markets
- 22
- Median ZIP home value
- $798,214
- Median ZIP rent
- $2,290
- yield spread
- The home-value-to-annual-rent ratio runs from 16.3 in 98121 to 47.1 in 98105, so the same metro contains both ends of the range.
- rent acceleration share
- 1 of 22 ZIPs (5%) show faster rent growth.
- inventory growth share
- 0 of 22 ZIPs (0%) show faster inventory growth.
The measurable part of the question
The median tracked Seattle ZIP has a home-value-to-annual-rent ratio of 29.1, and that ratio varies more between Seattle ZIPs than it does between metros.
Price-to-rent is a yield proxy and nothing more: it carries no financing cost, no tax, no insurance, no vacancy and no management, so it ranks opportunities rather than pricing them.
Where the yield actually differs
The home-value-to-annual-rent ratio runs from 16.3 in 98121 to 47.1 in 98105, so the same metro contains both ends of the range.
A metro-level ratio is an average of neighborhoods that behave differently; the decision is made inside that range, not at its midpoint.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.