The story of this market
The typical home in ZIP 98007 sells for about $1,300,000, or $684 per square foot.
Prices are down 12.9% from a year ago, which gives buyers more room to negotiate. Homes take about 8 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,331 a month.
ZIP 98007 — Bellevue
The 98007 housing market is currently experiencing a cooling phase with a significant year-over-year price decline and increased time on market. High interest rates and economic uncertainty in the tech sector are driving a shift toward a more balanced market, favoring buyers over sellers compared to previous years.
This ZIP is ideal for tech-sector professionals and families seeking proximity to major employment hubs while maintaining access to suburban amenities and parks.
Median prices moved down 12.9% year over year.
Homes spend a median of 8 days on market with 4.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 6.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98007, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Bellevue School District, which is highly regarded for its academic performance and rigorous curriculum.
The region faces standard Pacific Northwest risks including seismic activity and occasional windstorms, with flood risks primarily localized to specific drainage basins.
The area benefits from proximity to major tech hubs in Bellevue and Redmond, with ongoing development focused on high-density residential and mixed-use projects.
Property taxes are assessed by King County based on local levies and state school funding requirements; there is no state personal income tax.
Residents have convenient access to I-90 and SR-520 for commuting to downtown Bellevue, Redmond, and Seattle employment centers.
The ZIP features significant green space including Lake Hills Greenbelt and Larsen Lake, with proximity to major shopping at Bellevue Square.
The rental market is characterized by high demand driven by tech-sector employees, with a mix of apartment complexes and single-family rentals.
The local economy is heavily anchored by the technology sector, with major corporate campuses for Microsoft and T-Mobile located in the immediate vicinity.
The area is served by King County Metro transit and is positioned near major highway corridors connecting the Eastside to Seattle.
Development is focused on transit-oriented residential infill and the modernization of existing commercial corridors.
King County Department of Assessments performs annual property valuations based on market sales data.
Parcels are subject to Bellevue School District levies and various utility district assessments.
Property insurance premiums are influenced by regional wildfire and seismic risk profiles common to the Puget Sound area.
Data retrieved from Census Reporter ZCTA 98007 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Remlinger Farms4.311.4 mi
- Sky Zone Trampoline Park4.112.1 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.311.1 mi
- Sky Zone Trampoline Park4.114.2 mi
- Round1 Bowling & Arcade411.7 mi
- T-Mobile Park4.79 mi
- Climate Pledge Arena4.59.9 mi
- Lumen Field4.68.9 mi
- Paramount Theatre4.78.8 mi
- Topgolf Renton4.18.5 mi
- Space Needle4.69.7 mi
- Pike Place Market4.69.3 mi
- Westfield Southcenter4.411.8 mi
- Woodland Park Zoo4.610.5 mi
- Gas Works Park4.79.3 mi
- Pike Place Market4.69.3 mi
- Gas Works Park4.79.3 mi
- The Museum of Flight4.89.6 mi
- Chihuly Garden and Glass4.79.7 mi
- Museum of Pop Culture4.59.6 mi
- Gas Works Park4.79.3 mi
- Kerry Park4.810.2 mi
- Marymoor Park4.73.8 mi
- Seward Park4.86.8 mi
- Warren G. Magnuson Park4.77 mi
- Mercer Island Beach Club4.56.9 mi
- Seattle Boat Company - Newport4.83.2 mi
- Newport Yacht Club4.63.3 mi
- Carillon Point4.84.3 mi
- Lakewood Marina4.46.7 mi
- Topgolf Renton4.18.5 mi
- Willows Run Golf Complex45.5 mi
- Interbay Golf Center4.511.2 mi
- Bill Wright Golf Complex At Jefferson Park4.38.3 mi
- The Golf Club at Newcastle4.45.2 mi
- Bellevue Square4.52.9 mi
- Pike Place Market4.69.3 mi
- Westfield Southcenter4.411.8 mi
- University Village4.68.1 mi
- Uwajimaya Seattle4.68.6 mi
- Paine Field4.721.6 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.413.7 mi
- King County International Airport - Boeing Field4.59.1 mi
- Kenmore Air - Lake Union4.69.3 mi
- Kenmore Air - Lake Washington4.511.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large network of trails and natural areas providing significant recreational space.
A popular local destination for walking and nature observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.