The story of this market
The typical home in ZIP 98116 sells for about $850,000, or $585 per square foot.
Prices are roughly flat from a year ago (-0.87%), a market in balance. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $2,075 a month.
ZIP 98116 — Seattle
The 98116 housing market remains competitive, characterized by low inventory and steady demand for well-priced homes. While price growth has moderated compared to previous years, the area's desirability and limited supply continue to support stable valuations.
This ZIP is ideal for families and professionals who value a coastal, community-oriented lifestyle while maintaining relatively easy access to the Seattle employment core.
Median prices moved down 0.9% year over year.
Homes spend a median of 34 days on market with 2.1 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 4.6% — 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 4.3%/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 4.7%/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 98116, 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.
Crime in West Seattle is generally considered moderate, with property crime being the primary concern compared to violent crime. Trends remain consistent with broader Seattle urban patterns.
Schools in the 98116 area are generally well-regarded, with several public schools serving the community receiving high marks for academic performance and student support.
The area faces standard Pacific Northwest risks, including potential for seismic activity and localized windstorms, with flood risk primarily concentrated along the immediate Alki shoreline.
Development is characterized by infill projects and the ongoing evolution of the West Seattle Junction, supported by proximity to major Seattle employment hubs.
Property taxes are assessed by King County based on market value, with rates determined by a combination of state, county, city, and school district levies.
Commuters typically rely on the West Seattle Bridge for vehicle access to downtown Seattle, or utilize the King County Water Taxi for a direct transit route to the waterfront.
The area features extensive waterfront access at Alki Beach, numerous neighborhood parks, and a vibrant commercial district in the West Seattle Junction.
The rental market is competitive with a mix of apartment complexes and single-family rentals, showing stable demand driven by proximity to downtown.
The local economy is heavily integrated with the broader Seattle MSA, anchored by technology, aerospace, and maritime industries.
Transit is served by King County Metro bus lines and the King County Water Taxi, with the West Seattle Bridge serving as the primary arterial link.
Development is focused on transit-oriented density near the future light rail stations and continued revitalization of the Junction area.
King County Department of Assessments manages property valuations using a mass appraisal system.
Parcels are subject to Seattle Public Schools, King County, and various utility district levies.
Property insurance premiums are influenced by regional wildfire risk and coastal exposure, generally remaining stable but rising in line with national trends.
Washington state continues to see net positive domestic migration, though the pace has moderated compared to the 2020-2021 period.
Washington is primarily a non-judicial foreclosure state, providing a streamlined process for lenders under the Deed of Trust Act.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from data.census.gov ZCTA profiles.
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.
- Sky Zone Trampoline Park4.111.1 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.310.6 mi
- Sky Zone Trampoline Park4.114.8 mi
- Round1 Bowling & Arcade410.5 mi
- Seattle Children's Museum4.34.1 mi
- T-Mobile Park4.73.6 mi
- Climate Pledge Arena4.54 mi
- Lumen Field4.63.7 mi
- Paramount Theatre4.74.3 mi
- Topgolf Renton4.110.8 mi
- Space Needle4.64.1 mi
- Pike Place Market4.63.8 mi
- Westfield Southcenter4.410.5 mi
- Woodland Park Zoo4.67 mi
- Gas Works Park4.75.9 mi
- Pike Place Market4.63.8 mi
- Gas Works Park4.75.9 mi
- The Museum of Flight4.86.4 mi
- Chihuly Garden and Glass4.74.1 mi
- Museum of Pop Culture4.54.2 mi
- Gas Works Park4.75.9 mi
- Kerry Park4.84.3 mi
- Golden Gardens Park4.78.1 mi
- Discovery Park4.86 mi
- Seward Park4.87.1 mi
- Pier 664.53.6 mi
- Shilshole Bay Marina4.67.6 mi
- Fishermen's Terminal4.65.7 mi
- Elliott Bay Marina Inc4.63.9 mi
- Seattle Yacht Club4.66.6 mi
- Topgolf Renton4.110.8 mi
- Interbay Golf Center4.54.9 mi
- Bill Wright Golf Complex At Jefferson Park4.34.6 mi
- Jackson Park Golf Course4.111.4 mi
- The Golf Club at Newcastle4.412.5 mi
- Bellevue Square4.59.8 mi
- Pike Place Market4.63.8 mi
- Westfield Southcenter4.410.5 mi
- University Village4.67.8 mi
- Uwajimaya Seattle4.63.9 mi
- Paine Field4.723.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.410.3 mi
- King County International Airport - Boeing Field4.55.4 mi
- Kenmore Air - Lake Union4.64.8 mi
- Kenmore Air - Lake Washington4.514.3 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 destination with walking paths and beach access.
The primary commercial hub featuring local shops, restaurants, and a weekly farmers market.
A large forested park with trails and a saltwater pool.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.