The story of this market
The typical home in ZIP 98034 sells for about $1,053,762, or $537 per square foot.
Prices are down 8.4% from a year ago, which gives buyers more room to negotiate. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,376 a month.
ZIP 98034 — Kirkland
The 98034 housing market is currently experiencing a price correction with a year-over-year decline of 8.4% in median sale prices. While the market remains competitive with short days on market, the cooling trend reflects broader regional economic adjustments and increased inventory levels. Buyers are finding more negotiation power as the market shifts from the rapid appreciation seen in previous years.
This ZIP is well-suited for tech-sector professionals, families seeking high-quality schools, and commuters who value proximity to the Eastside employment core.
Median prices moved down 8.4% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 5.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98034, 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 Lake Washington School District, which is generally characterized by high-performing schools and strong academic ratings.
The region faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding, with insurance markets reflecting regional wildfire and seismic exposure.
Kirkland benefits from proximity to major tech hubs in the Seattle-Bellevue corridor, with ongoing mixed-use development and infrastructure investment supporting a robust local economy.
Property taxes are assessed by King County based on local levies and state requirements; there is no state personal income tax in Washington.
Residents typically face a 25-minute average commute, with access to major employment centers in Bellevue and Seattle via I-405 and SR-520.
The area features extensive access to Lake Washington waterfront parks, regional trail systems, and proximity to downtown Kirkland's shopping and dining districts.
The rental market shows high demand with a median rent of $2,600, though inventory levels and vacancy rates fluctuate with regional economic shifts.
The local economy is anchored by the broader Seattle-Bellevue tech corridor, with significant employment in software, cloud computing, and professional services.
The area is served by King County Metro transit and is positioned near major highway corridors including I-405, facilitating regional connectivity.
Ongoing development focuses on high-density mixed-use projects and transit-oriented residential builds to accommodate regional growth.
King County Department of Assessments manages property valuations based on annual market analysis and physical inspections.
Parcels are subject to Lake Washington School District levies and various utility district assessments.
Property insurance premiums are influenced by regional wildfire risk and seismic activity, consistent with broader King County trends.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
- Remlinger Farms4.314.9 mi
- Sky Zone Trampoline Park4.118.3 mi
- Sky Zone Trampoline Park4.16.9 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.317.3 mi
- Round1 Bowling & Arcade417.8 mi
- T-Mobile Park4.710.4 mi
- Climate Pledge Arena4.59.5 mi
- Lumen Field4.610.2 mi
- Paramount Theatre4.79.2 mi
- Topgolf Renton4.115.2 mi
- Space Needle4.69.4 mi
- Pike Place Market4.69.7 mi
- Woodland Park Zoo4.67.6 mi
- Gas Works Park4.77.8 mi
- Kerry Park4.89.4 mi
- Pike Place Market4.69.7 mi
- Gas Works Park4.77.8 mi
- The Museum of Flight4.814.2 mi
- Chihuly Garden and Glass4.79.5 mi
- Museum of Pop Culture4.59.3 mi
- Gas Works Park4.77.8 mi
- Kerry Park4.89.4 mi
- Golden Gardens Park4.79.4 mi
- Discovery Park4.810.6 mi
- Marymoor Park4.75.2 mi
- Pier 664.59.9 mi
- Shilshole Bay Marina4.69.6 mi
- Fishermen's Terminal4.69.2 mi
- Elliott Bay Marina Inc4.610.5 mi
- Seattle Yacht Club4.66.9 mi
- Willows Run Golf Complex43 mi
- Interbay Golf Center4.59.5 mi
- Jackson Park Golf Course4.15.3 mi
- Bill Wright Golf Complex At Jefferson Park4.311.3 mi
- Bellevue Golf Course4.44.7 mi
- Bellevue Square4.56.8 mi
- Pike Place Market4.69.7 mi
- University Village4.65.8 mi
- Alderwood4.48.6 mi
- Uwajimaya Seattle4.610 mi
- Paine Field4.713.8 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.419.3 mi
- King County International Airport - Boeing Field4.513.2 mi
- Kenmore Air - Lake Union4.68.7 mi
- Kenmore Air - Lake Washington4.53.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular waterfront park on Lake Washington featuring swimming areas, trails, and picnic facilities.
A vibrant district offering a mix of upscale retail, restaurants, and art galleries along the waterfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.