Renton 98056

King County, WA · 9,463 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

20affordability /100

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

Payment burden
48.8%
severe
Days on market
12
daily
Price cuts
18.0%
of active
Valuation
+155.4%
vs assessor
Look up an address
24
/100
Weak
stable · seller advantage · prices easing year-over-year.
Price trend
42
Affordability
10
Valuation
20
Economic health
20

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

66/ 100SellerBalancedBuyer
Negotiate Hard
Needs 38.5% correction for affordability
DOM: 46d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)25
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 98056. Room to negotiate 5-10% below list. Payment burden: 48.8% of median income. A 28% price correction needed to reach 30% affordability threshold. Median days on market: 46. Renting is approximately 171% cheaper than buying (price-to-rent ratio: 32.5).

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 1.5% YoY.

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Market snapshoteach number, once

Median price
$873,809
▾ 1.5% YoY
Days on market
12
daily · zip_data
Median rent
$2,242
ZORI
Investor score
28/100
cash-flow lens
Active listings
101
90-day

Valuation3 lenses, different anchors

vs assessor
+155.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$2,231,800
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-income8.1×

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How 98056 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity79%
Supply tightness53%
Affordability15%
Investment yield34%
Appreciation17%

Affordability, supply & momentum

36SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply11.3 mo
Days on Market12d
Inv vs History+30.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$4,414
Payment burden48.8%
Median income · ZIP$108,596
Mortgage rate6.49% · 30yr
Total monthly own$5,288
Monthly rent$2,242
Market dynamics
Price cut %18.0%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply11.3
Sales (90d)0
Investment analysis
Median rent$2,242
Price-to-rent32.5
Est. cap rate2.0%
Buy vs rentfavors renting

Livability

Walk score7
Transit score11
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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