Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$720,147−1.6% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$156,113About 1.4× the local median income ($114,313): a stretch for a typical household
Days on market51 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 Seattle-Tacoma-Bellevue, WA is worth $720,147, down 1.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $672,140, so the area is 7.1% overvalued. It is a buyer's market: homes take about 51 days to sell, listings are up 30% from a year ago, 24% of listings have had a price cut. Zillow expects prices to fall about 0.0% over the next year. A household needs about $156,113 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 $114,313. Typical rent is $2,250 a month, or $3,435 for a house. In the latest IRS figures, 13,593 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
$720,147
Change in 1 year
−1.6%
Overvalued %
+7.1%
Show 7 more
Fair home value
$672,140
Change in 5 years
+9.8%
Zillow forecast, next 12 months
0.0%
Home value to income
6.3×
Monthly mortgage payment (20% down)
$3,903
Income needed to afford it
$156,113
Property tax rate
0.85%
Rent and investing
Typical rent
$2,250
Typical rent for houses
$3,435
Price-to-rent ratio
26.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,439
Gross rental yield
3.75%
Cap rate (estimate)
2.44%
Market activity
Listings vs a year ago
+29.8%
Days on market
51
Listings with a price cut
24.0%
Show 3 more
Homes for sale
12,738
Pending sales per 100 listings
28
Asking price per sq ft
$423
People and jobs
Median household income
$114,313
Population change (1 year)
+1.1%
Unemployment rate
4.8%
Show 4 more
Population
4,161,883
Income adjusted for cost of living
$102,892
Net moves in (IRS)
−13,593
Cost of living (US = 100)
111.1
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
99.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
98.0
Wildfire risk score
75.1
Walkability (1 to 20)
11.8
Road, rail and air noise
53 dB
Questions people ask
Is Seattle-Tacoma-Bellevue, WA overvalued?
Home prices in Seattle-Tacoma-Bellevue, WA are slightly above what local incomes have historically supported: fair value is about $672,140, so the area is 7.1% overvalued.
Is Seattle-Tacoma-Bellevue, WA a buyer's or seller's market?
Seattle-Tacoma-Bellevue, WA is a buyer's market: homes take about 51 days to sell, listings are up 30% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Seattle-Tacoma-Bellevue, WA?
Home values in Seattle-Tacoma-Bellevue, WA are down 1.6% 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 Seattle-Tacoma-Bellevue, WA?
A household needs about $156,113 a year to afford the typical home in Seattle-Tacoma-Bellevue, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $114,313.