ZIP 98024

98024 is one of 86 ZIP codes that lie mostly in King County, WA.

Shaded by typical home value, it ranks 15 of the 39 nearby ZIPs shown.

2 school locations in 98024: 1 elementary, 1 middle.

In alphabetical order: Chief Kanim Middle School, Fall City Elementary. Locations only — no ratings are shown here.

In January 2000 the typical home in 98024 was worth $352,247.

Values peaked at $1,267,508 in June 2022. The latest reading is −3.6% from that peak.

As of August 2026: $1,222,103, −0.9% over twelve months.

Start with the typical home: $1,222,103. Put 20% down and borrow $977,682 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $6,769 a month in principal and interest.

The median household here earns $152,726 a year, $12,727 a month. So the payment takes 53.2% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 15.3% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $2,109.

In December 2020, with rates at 2.68%, it was $2,832.

By August 2026, at 6.67%, it was $6,287 — +122% since December 2020, while the home's value moved +40%.

Reported values rose +247% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $695,196. So the real change is +76%, not +247%.

98024: +247% since January 2000.

King County: +235% since January 2000.

Washington: +236% since January 2000 — 98024 ran ahead of it by 11 points.

Against 581 Washington ZIP codes, 98024 sits at the 12th percentile for affordability (price vs local income).

25th for appreciation (recent value growth); 4th for rental yield (rent vs price).

Owning the typical home costs about $7,991 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,833 a month.

Price divided by a year's rent: 55.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Homes sold: about 6 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 7 — so sales ran at 86% of it, and below it in 18 of the last 24 months.

Across King County, builders pulled permits for 8,505 new homes in 2025.

Of those, 30% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in King County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 23,473 moved in. Among the ten receiving the most, 29,819 moved out.

Net across those counties: −6,346 households. Beside it, homes for sale in this ZIP: 17 in June 2026.

Most arrivals came from Snohomish, WA (7,334 households); most departures went to Snohomish, WA (10,534).