Seattle-Tacoma-Bellevue, WA · Washington

King County

ZIP 98155

2.3M residents8,358 permits TTM$122,148 median HHI86 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$811,200

ACS 5-Year

Cap rate proxy

3.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.0%

HUD FMR ÷ ACS HHI

Net migration

+2.80%

IRS SOI

Permits (TTM)

8,358

Census BPS

Climate risk

99.7

FEMA NRI (0–100)

ZIP 98155

Median home value

$828,921

Gross yield

3.6%

Cap rate

3.2%

Rent gap

11.1%

Affordability

P/I: 6.8R/I: 21.7%

Section 8 detail

SAFMR: $2,480Rent: $2,035Gap: 21.9%
ZIP code breakdown86 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
98121$572,467$3,7407.8%5.8%26.4%
98002$486,415$2,1605.3%4.7%12.7%
98101$587,798$3,4707.1%5.3%24.9%
98102$729,999$2,9104.8%3.2%33.1%
98104$543,788$2,2404.9%4.6%7.3%

Ranked by composite score

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Demographics

Owner-occupied

56.1%

Census ACS

Vacancy rate

6.1%

Census ACS

Bachelor's degree +

55.9%

Census ACS

Rent burdened

44.7%

Census ACS (>30% income)

Median age

37.3

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026