The story of this market
The typical home in ZIP 98112 sells for about $1,500,000, or $750 per square foot.
Prices are down 3.67% from a year ago, which gives buyers more room to negotiate. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $3,300 a month.
ZIP 98112 — Seattle
The 98112 housing market remains resilient with high median prices and strong demand for premium properties, despite a slight year-over-year price correction. Market activity is driven by limited inventory and the area's desirability for high-income professionals, keeping the market competitive.
This ZIP is ideal for affluent families, established professionals, and downsizers seeking a blend of historic charm, high-quality schools, and proximity to Seattle's urban amenities.
Median prices moved down 3.7% year over year.
Homes spend a median of 41 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98112, King County WA
The area generally experiences lower crime rates compared to the broader Seattle urban core, though property crime remains a consistent concern typical of dense residential neighborhoods.
The ZIP is served by highly-rated public schools within the Seattle Public Schools district, consistently recognized for strong academic performance and high college-readiness metrics.
The area faces standard urban risks including potential for localized flooding in low-lying areas and seismic risk common to the Pacific Northwest; wildfire risk is minimal due to the urban density.
Development is characterized by infill projects and luxury residential renovations, supported by proximity to major Seattle employment hubs like Amazon and the University of Washington.
Property taxes are assessed by King County based on market value; Washington State does not impose a personal income tax, but property owners are subject to local levies and school district taxes.
Residents benefit from excellent transit connectivity to downtown Seattle via King County Metro and proximity to major arterials like SR-520 for regional access.
The area features significant green space including the Washington Park Arboretum and proximity to Lake Washington, alongside vibrant retail corridors like Madison Valley.
The rental market is highly competitive with low vacancy rates, driven by high demand from professionals and proximity to major medical and academic institutions.
The local economy is anchored by the broader Seattle tech and healthcare sectors, with significant employment influence from the University of Washington and nearby medical centers.
The area is well-served by frequent bus lines and is strategically located for easy access to the I-5 and SR-520 highway corridors.
Development is largely constrained by existing zoning, with current activity focused on high-end residential redevelopment and transit-oriented density along major corridors.
The King County Assessor's office conducts annual revaluations to ensure property assessments reflect current market conditions.
Parcels are subject to Seattle Public Schools levies and various King County utility and flood control district assessments.
Property insurance premiums are influenced by regional seismic risk and standard urban fire protection ratings.
Data retrieved from data.census.gov ZCTA5 98112 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 Farms4.318 mi
- Sky Zone Trampoline Park4.112.6 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.311.8 mi
- Sky Zone Trampoline Park4.110.3 mi
- Round1 Bowling & Arcade412.1 mi
- T-Mobile Park4.73.5 mi
- Climate Pledge Arena4.53.1 mi
- Lumen Field4.63.3 mi
- Paramount Theatre4.72.4 mi
- Topgolf Renton4.110.3 mi
- Space Needle4.62.9 mi
- Pike Place Market4.62.9 mi
- Westfield Southcenter4.412.1 mi
- Woodland Park Zoo4.63.8 mi
- Gas Works Park4.72.3 mi
- Pike Place Market4.62.9 mi
- Gas Works Park4.72.3 mi
- The Museum of Flight4.87.9 mi
- Chihuly Garden and Glass4.73 mi
- Museum of Pop Culture4.52.9 mi
- Gas Works Park4.72.3 mi
- Kerry Park4.83.3 mi
- Golden Gardens Park4.76.7 mi
- Discovery Park4.86.3 mi
- Marymoor Park4.78.1 mi
- Pier 664.53.2 mi
- Shilshole Bay Marina4.66.4 mi
- Fishermen's Terminal4.64.5 mi
- Elliott Bay Marina Inc4.64.8 mi
- Seattle Yacht Club4.61.2 mi
- Topgolf Renton4.110.3 mi
- Willows Run Golf Complex47.6 mi
- Interbay Golf Center4.54.2 mi
- Bill Wright Golf Complex At Jefferson Park4.34.7 mi
- Jackson Park Golf Course4.16.7 mi
- Bellevue Square4.54.2 mi
- Pike Place Market4.62.9 mi
- Westfield Southcenter4.412.1 mi
- University Village4.62.1 mi
- Uwajimaya Seattle4.63 mi
- Paine Field4.719 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.413.1 mi
- King County International Airport - Boeing Field4.56.7 mi
- Kenmore Air - Lake Union4.62.4 mi
- Kenmore Air - Lake Washington4.58.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 230-acre park and botanical garden serving as a major regional green space.
A popular commercial district featuring boutique shops and high-end dining.
Provides extensive recreational access for boating and waterfront parks.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.