Seattle 98117

King County, WA · 13,157 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

45affordability /100

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

Payment burden
33.5%
stretched
Days on market
11
daily
Price cuts
13.4%
of active
Valuation
+81.3%
vs assessor
Look up an address
42
/100
Mixed
stable · seller advantage · prices easing year-over-year.
Price trend
50
Affordability
45
Valuation
20
Economic health
45

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

48/ 100SellerBalancedBuyer
Balanced Market
Needs 10.4% correction for affordability
DOM: 38d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)40
Supply & Demand (20%)40
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)40

Balanced market in 98117. List price is roughly fair — focus on condition and value. Payment burden: 33.5% of median income. Median days on market: 38. Renting is approximately 185% cheaper than buying (price-to-rent ratio: 34.2).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLESELLER ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control.

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Market snapshoteach number, once

Median price
$1,008,114
▾ 0.1% YoY
Days on market
11
daily · zip_data
Median rent
$2,456
ZORI
Investor score
30/100
cash-flow lens
Active listings
80
90-day

Valuation3 lenses, different anchors

vs assessor
+81.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$1,827,250
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-income5.5×

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How 98117 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity82%
Supply tightness91%
Affordability64%
Investment yield28%
Appreciation37%

Affordability, supply & momentum

67SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply5.5 mo
Days on Market11d
Inv vs History+3.3%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$5,092
Payment burden33.5%
Median income · ZIP$182,500
Mortgage rate6.49% · 30yr
Total monthly own$6,100
Monthly rent$2,456
Market dynamics
Price cut %13.4%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply5.5
Sales (90d)0
Investment analysis
Median rent$2,456
Price-to-rent34.2
Est. cap rate1.9%
Buy vs rentfavors renting

Livability

Walk score12
Transit score27
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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