Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$824,870−2.2% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$178,815About 1.5× the local median income ($121,984): a stretch for a typical household
Days on market49 daysSlower than a year ago: buyers have time to negotiate
Next 12 months0.0%Zillow expects prices to stay about flat
The typical home in King County, WA is worth $824,870, down 2.2% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $790,573, so the area is 4.3% overvalued. It is a buyer's market: homes take about 49 days to sell, listings are up 30% from a year ago, 22% of listings have had a price cut. Zillow expects prices to fall about 0.0% over the next year. A household needs about $178,815 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,984. Typical rent is $2,323 a month, or $3,546 for a house. In the latest IRS figures, 14,936 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$824,870
Change in 1 year
−2.2%
Overvalued %
+4.3%
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Fair home value
$790,573
Change in 5 years
+7.4%
Zillow forecast, next 12 months
0.0%
Home value to income
6.8×
Monthly mortgage payment (20% down)
$4,470
Income needed to afford it
$178,815
Property tax rate
0.83%
Rent and investing
Typical rent
$2,323
Typical rent for houses
$3,546
Price-to-rent ratio
29.6×
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HUD Fair Market Rent, 2 bedrooms
$2,549
Gross rental yield
3.38%
Cap rate (estimate)
2.20%
Market activity
Listings vs a year ago
+29.7%
Days on market
49
Listings with a price cut
21.6%
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Homes for sale
7,384
Pending sales per 100 listings
25
Asking price per sq ft
$501
People and jobs
Median household income
$121,984
Population change (1 year)
+1.2%
Unemployment rate
4.8%
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Population
2,344,939
Income adjusted for cost of living
$109,797
Net moves in (IRS)
−14,936
Cost of living (US = 100)
111.1
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
99.7
Unhealthy air days a year
0
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Flood risk score
99.5
Wildfire risk score
79.5
Walkability (1 to 20)
13.0
Road, rail and air noise
53 dB
Questions people ask
Is King County, WA overvalued?
Home prices in King County, WA are slightly above what local incomes have historically supported: fair value is about $790,573, so the area is 4.3% overvalued.
Is King County, WA a buyer's or seller's market?
King County, WA is a buyer's market: homes take about 49 days to sell, listings are up 30% from a year ago, 22% of listings have had a price cut.
Are home prices going down in King County, WA?
Home values in King County, WA are down 2.2% over the last year. Zillow's forecast for the next 12 months is 0.0%.
How much do you need to earn to buy a home in King County, WA?
A household needs about $178,815 a year to afford the typical home in King County, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,984.