Bothell, WA—98012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bothell, WA
As of Oct '25, the median home price in Bothell, WA is $985,000, with a year-over-year change of 0.2%. This indicates that home prices in Bothell, WA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $985,000 | 0.2% |
| Single Family | $1,029,000 | -0.2% |
| Condos | $675,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $312,000 | -4.0% |
2 Bed | $551,000 | -2.0% |
3 Bed | $867,000 | -0.7% |
4 Bed | $1,128,000 | 0.2% |
| 5 Bed | $1,286,000 | 0.9% |
% of Housing Stock
Rental Trends — Bothell, WA
As of July '25, Rentcast reports the average rent in Bothell, WA is $3,040, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Bothell, WA is studios: $1,700, 1-bedrooms: $1,710, 2-bedrooms: $2,590, 3-bedrooms: $3,330, 4-bedrooms: $3,730. The most common rental property sizes in Bothell, WA are 2-bedroom and 1-bedroom, accounting for 40.4% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,040 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $1,740 | $1,710 |
| 2 Bed Rent | $2,550 | $2,590 |
| 3 Bed Rent | $3,320 | $3,330 |
| 4 Bed Rent | $3,680 | $3,730 |
% of Rental Stock
Property Listings — Bothell, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bothell, WA is 37. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $924,000 | -5.0% |
Listing Count | 224 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 37 | 4.0% |
Demographics — Bothell, WA
As of the latest ACS Survey released in 2023, Bothell, WA has a population of 76,100, which has increased by 18.2% over the past 5 years. Bothell, WA is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 55.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 76,100 | 18.2% |
% Under 18 | 25.4% | -1.9% |
% Seniors | 10.2% | -5.6% |
% WFH | 26.3% | 281.2% |
% w/ College Degree | 55.7% | 14.4% |
As of the latest ACS Survey released in 2023, Bothell, WA is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 20.9% in the last 5 years. The second most common race or ethnicity in Bothell, WA is asian, making up 28.3% of the population. Foreign-born residents account for 29.4% of the population in Bothell, WA, and this percentage has increased by 34.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.7% | -20.9% |
% Black | 3.6% | 111.8% |
% Hispanic | 9.5% | 30.1% |
% Asian | 28.3% | 30.4% |
% Foreign Born | 29.4% | 34.9% |
Mortgage and Risk — Bothell, WA
According to HUD data as of 2023, there were 779 mortgage originations in Bothell, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Bothell, WA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 779 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Bothell, WA
As of 2024, the percent of homes in Bothell, WA under the Section 8 program is 3.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bothell, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 220 |
Total Units Section 8 | 220 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $1,740 | $2,390 |
| 2 Bedroom | $230 | $2,550 | $2,780 |
| 3 Bedroom | $340 | $3,320 | $3,660 |
| 4 Bedroom | $590 | $3,680 | $4,270 |
Affordability — Bothell, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $985,000 |
| Median Household Income | $142,000 |