Seattle is the central city of the Seattle-Tacoma-Bellevue metro area, set between Puget Sound and Lake Washington with views toward the Olympic and Cascade mountains. Its physical character ranges from a dense downtown and working waterfront to wooded residential hills, lakefront districts, and neighborhood commercial corridors.
Housing includes both owner-occupied and rental properties, with Craftsman houses, midcentury homes, newer townhouses, condominiums, and apartments represented across the city. The average home value is $833,192, down 1.6% over the past 12 months. The average rent is $2,234/mo, up 0.7% over the same period. Costs and housing forms vary by neighborhood, location, and building type.
Seattle’s economy is connected to technology, health care, higher education, aerospace, maritime trade, and tourism. Major employment anchors include Amazon, the University of Washington, regional medical centers, and Port of Seattle facilities, while other large employers are distributed across the metro area. Link light rail, buses, streetcars, ferries, highways, and bicycle routes support travel within the city and region, though walkability varies by neighborhood.
Daily-life amenities include waterfront paths, public libraries, neighborhood dining districts, farmers markets, and cultural venues such as the Seattle Art Museum, Museum of Pop Culture, and performance halls at Seattle Center. Discovery Park, Green Lake, Washington Park Arboretum, and the Burke-Gilman Trail provide substantial outdoor space, while ferry terminals and regional transit connect Seattle with surrounding communities and recreation areas.
How sale and rent prices have moved over time, and where Seattle sits today.
Seattle's average home value is $833,192, down 1.6% over the past 12 months. As a buyer, you should aim to keep your mortgage payment at or below 28% of your gross monthly income when setting your budget.
Seattle's average rent is $2,234/mo, up 0.7% over the past 12 months. As a renter, you should aim to spend no more than 30% of your gross monthly income on rent when planning your budget.
Seattle’s for-sale market is moderately competitive, with a market temperature of 62 and homes averaging 41 days on market. Tacoma has a slightly higher temperature and a quicker for-sale pace, while Bellevue and Kirkland have lower temperatures and longer timelines; Seattle also has the most active listings by a wide margin.
| Region | Average home value | Inventory | Days on market | Competitiveness | Key driver |
|---|---|---|---|---|---|
| Seattle | $833,192 | High | 41 days | Moderate-high | Largest inventory with a moderately competitive temperature |
| Bellevue | $1,418,231 | Moderate | 47 days | Moderate | Longer for-sale pace and moderate temperature |
| Tacoma | $488,463 | High | 28 days | Moderate-high | Quickest for-sale pace and highest temperature |
| Everett | $636,751 | Low | 29 days | Moderate-high | Quick for-sale pace with limited inventory |
| Kirkland | $1,178,291 | Moderate | 47 days | Moderate | Longer for-sale pace and lower temperature |
Seattle and all four nearby rental markets are classified as Balanced, indicating comparable overall competitiveness. Seattle has the largest active rental inventory, while its median active rental listing age of 55 days is higher than in each nearby market; this age measure describes current inventory rather than how long rentals take to lease.
| Region | Average rent | Inventory | Average listing age | Competitiveness | Key driver |
|---|---|---|---|---|---|
| Seattle | $2,234/mo | High | 55 days | Moderate | Balanced status and largest rental inventory |
| Bellevue | $2,828/mo | Moderate | 46 days | Moderate | Balanced status with moderate rental inventory |
| Tacoma | $1,740/mo | High | 47 days | Moderate | Balanced status and largest nearby rental inventory |
| Everett | $1,946/mo | Moderate | 40 days | Moderate | Balanced status with listings 40 days old |
| Kirkland | $2,603/mo | Low | 36 days | Moderate | Balanced status with lowest rental inventory |
Estimate what it takes to own in this area. Zillow's mortgage calculator helps buyers understand their potential monthly payment-including principal, interest, taxes, and insurance-so they can quickly gauge what home prices fit their budget in this market. Adjust key factors like down payment and interest rate to see how affordability changes and confidently move into your home search.
Not sure whether to rent or buy in this community? This tool compares the long-term costs of both options and shows your breakeven point: the time it takes for buying to become more affordable than renting. Use it to understand how local home prices, rents, and your timeline impact the smarter financial move before starting your search.
See what you can comfortably afford to rent in this area. By factoring in your income, budget, and expenses, Zillow's rent affordability tools help you set a realistic price range-so you can focus on listings that fit your lifestyle and avoid stretching beyond your means as you explore rentals in this market.
Seattle’s sale price and monthly rent sit below Bellevue and Kirkland but above Tacoma and Everett. It combines a dense waterfront cityscape with broad bus-and-rail coverage, while nearby regions range from modern urban cores to historic waterfront blocks and lakeside low-rise streets.
| Metric | Seattle | Bellevue | Tacoma | Everett | Kirkland |
|---|---|---|---|---|---|
Average sale priceExplore price per property type | $848,333 | $1,345,500 | $489,167 | $626,150 | $1,220,833 |
Average rent priceExplore price per unit size | $2,234/mo | $2,828/mo | $1,740/mo | $1,946/mo | $2,603/mo |
Transit access | Extensive bus and rail network | Light rail and bus connections | Bus, streetcar, and rail links | Bus and commuter rail links | Bus routes and regional connections |
Neighborhood vibe | Dense neighborhoods, parks, waterfront | Modern towers and leafy streets | Historic blocks and waterfront hills | Waterfront, historic blocks, suburban streets | Lakeside streets, parks, low-rise buildings |
Top POIs | Space Needle (Landmark); Pike Place Market (Market); Discovery Park (Park) | Bellevue Downtown Park (Park); Bellevue Botanical Garden (Garden); Meydenbauer Bay Park (Park) | Museum of Glass (Museum); Point Defiance Park (Park); Washington State History Museum (Museum) | Imagine Children's Museum (Museum); Jetty Island (Island); Schack Art Center (Arts Center) | Marina Park (Park); Juanita Beach Park (Park); Cross Kirkland Corridor (Trail) |
Start shopping for homes in Seattle. Find 2,834 homes for sale and 14,456 homes for rent in Seattle. (Listing data as of )
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