The story of this market
The typical home in ZIP 98115 sells for about $958,750, or $578 per square foot.
Prices are down 7.8% from a year ago, which gives buyers more room to negotiate. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,143 a month.
ZIP 98115 — Seattle
The 98115 housing market is currently experiencing a cooling phase, with median sale prices down 7.8% year-over-year to $959,000. Sales volume has decreased significantly, and homes are taking longer to sell compared to the previous year, reflecting broader regional market adjustments.
This ZIP is ideal for family buyers and professionals seeking established neighborhoods with high walkability, proximity to top-tier schools, and easy access to Seattle's primary employment cores.
Median prices moved down 7.8% year over year.
Homes spend a median of 27 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 3.8% · poverty 5.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98115, 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 Seattle Public Schools district, which generally maintains a strong reputation for academic performance in this neighborhood.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and localized heavy rain, with insurance markets reflecting regional wildfire and seismic risk profiles.
The area benefits from proximity to major Seattle employment hubs and ongoing residential infill development, supported by established infrastructure.
Property taxes are assessed by King County based on local levies and state-mandated school funding requirements; specific rates vary by parcel and special district assessments.
Residents benefit from direct arterial access to downtown Seattle and the University of Washington, with robust transit connectivity via King County Metro.
The ZIP features significant green space including Matthews Beach Park on Lake Washington and proximity to the Burke-Gilman Trail, alongside local shopping districts like Wedgwood and View Ridge.
The rental market is characterized by high demand driven by proximity to the University of Washington and tech employment centers, with a mix of single-family rentals and multi-family units.
The local economy is anchored by the broader Seattle tech and education sectors, with significant influence from the University of Washington and regional healthcare systems.
The area is well-served by major arterial roads and frequent bus service connecting to the Link light rail system and downtown Seattle.
Development is primarily focused on residential infill and the modernization of existing commercial corridors to accommodate density.
Parcels are subject to King County property tax levies, Seattle Public Schools district taxes, and various utility district assessments.
Property insurance premiums in the region are influenced by seismic risk and the potential for severe weather events common to the Puget Sound area.
Data retrieved from U.S. Census Bureau and ZIP-Codes.com
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 Farms4.318.7 mi
- Sky Zone Trampoline Park4.116.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.315.4 mi
- Sky Zone Trampoline Park4.16.7 mi
- Round1 Bowling & Arcade415.7 mi
- T-Mobile Park4.76.7 mi
- Climate Pledge Arena4.55.1 mi
- Lumen Field4.66.4 mi
- Paramount Theatre4.75.2 mi
- Topgolf Renton4.113.8 mi
- Space Needle4.65 mi
- Pike Place Market4.65.6 mi
- Woodland Park Zoo4.62.7 mi
- Gas Works Park4.73.2 mi
- Kerry Park4.84.8 mi
- Pike Place Market4.65.6 mi
- Gas Works Park4.73.2 mi
- The Museum of Flight4.811.5 mi
- Chihuly Garden and Glass4.75.1 mi
- Museum of Pop Culture4.55 mi
- Gas Works Park4.73.2 mi
- Kerry Park4.84.8 mi
- Golden Gardens Park4.74.9 mi
- Discovery Park4.85.8 mi
- Marymoor Park4.78.4 mi
- Pier 664.55.6 mi
- Shilshole Bay Marina4.64.9 mi
- Fishermen's Terminal4.64.3 mi
- Elliott Bay Marina Inc4.65.8 mi
- Seattle Yacht Club4.62.8 mi
- Willows Run Golf Complex46.9 mi
- Interbay Golf Center4.54.7 mi
- Bill Wright Golf Complex At Jefferson Park4.38.2 mi
- Jackson Park Golf Course4.13.1 mi
- Bellevue Golf Course4.47.1 mi
- Bellevue Square4.56.5 mi
- Pike Place Market4.65.6 mi
- University Village4.61.6 mi
- Alderwood4.410.2 mi
- Uwajimaya Seattle4.66.2 mi
- Paine Field4.715.4 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.416.7 mi
- King County International Airport - Boeing Field4.510.2 mi
- Kenmore Air - Lake Union4.64.4 mi
- Kenmore Air - Lake Washington4.55.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major waterfront park on Lake Washington offering swimming and recreation.
A regional multi-use trail providing extensive cycling and pedestrian access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.