Covington 98042

King County, WA · 15,738 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

44affordability /100

Buyer leverage is seller advantage; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
34.2%
stretched
Days on market
12
daily
Price cuts
21.0%
of active
Valuation
+147.7%
vs assessor
Look up an address
39
/100
Weak
stable · seller advantage · prices easing year-over-year.
Price trend
42
Affordability
45
Valuation
20
Economic health
44

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

62/ 100SellerBalancedBuyer
Negotiate Hard
Needs 12.3% correction for affordability
DOM: 48d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)60
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 98042. Room to negotiate 5-10% below list. Payment burden: 34.2% of median income. Median days on market: 48. Renting is approximately 110% cheaper than buying (price-to-rent ratio: 25.2).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control. Prices down 1.4% YoY.

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Market snapshoteach number, once

Median price
$708,072
▾ 1.4% YoY
Days on market
12
daily · zip_data
Median rent
$2,345
ZORI
Investor score
33/100
cash-flow lens
Active listings
132
90-day

Valuation3 lenses, different anchors

vs assessor
+147.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$1,753,800
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+69.0%
County-wide market — the widest, slowest signal.
King+69.0%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income5.6×

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How 98042 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity79%
Supply tightness59%
Affordability61%
Investment yield63%
Appreciation18%

Affordability, supply & momentum

41SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply10.1 mo
Days on Market12d
Inv vs History+26.3%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,577
Payment burden34.2%
Median income · ZIP$125,554
Mortgage rate6.49% · 30yr
Total monthly own$4,285
Monthly rent$2,345
Market dynamics
Price cut %21.0%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply10.1
Sales (90d)0
Investment analysis
Median rent$2,345
Price-to-rent25.2
Est. cap rate2.6%
Buy vs rentfavors renting

Livability

Walk score3
Transit score5
Bike score

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King County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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