Bothell, WA—98021
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 $1,126,000, with a year-over-year change of 0.7%. This indicates that home prices in Bothell, WA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,126,000 | 0.7% |
| Single Family | $1,155,000 | 0.3% |
| Condos | $620,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $346,000 | -4.2% |
2 Bed | $561,000 | -0.7% |
3 Bed | $891,000 | -0.1% |
4 Bed | $1,259,000 | 0.6% |
| 5 Bed | $1,523,000 | 1.0% |
% of Housing Stock
Rental Trends — Bothell, WA
As of July '25, Rentcast reports the average rent in Bothell, WA is $3,520, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Bothell, WA is studios: $2,390, 1-bedrooms: $1,790, 2-bedrooms: $2,650, 3-bedrooms: $3,350, 4-bedrooms: $3,820. The most common rental property sizes in Bothell, WA are 2-bedroom and 3-bedroom, accounting for 35.8% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,520 |
| Studio Rent | $2,100 | $2,390 |
| 1 Bed Rent | $1,790 | $1,790 |
| 2 Bed Rent | $2,500 | $2,650 |
| 3 Bed Rent | $3,350 | $3,350 |
| 4 Bed Rent | $3,780 | $3,820 |
% 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 49. This is a increase of 38.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,280,000 | 5.0% |
Listing Count | 120 | 41.0% |
| Listings as % of Homes | 0.4% | 41.0% |
Days on Market | 49 | 38.0% |
Demographics — Bothell, WA
As of the latest ACS Survey released in 2023, Bothell, WA has a population of 35,400, which has increased by 15.3% over the past 5 years. Bothell, WA is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | 15.3% |
% Under 18 | 27.7% | 17.4% |
% Seniors | 12.7% | 6.7% |
% WFH | 31.1% | 418.3% |
% w/ College Degree | 59.9% | 18.6% |
As of the latest ACS Survey released in 2023, Bothell, WA is a predominantly white area, with 54.8% of the population identifying as white. The white population has shrunk by 16.6% in the last 5 years. The second most common race or ethnicity in Bothell, WA is asian, making up 29.2% of the population. Foreign-born residents account for 28.6% of the population in Bothell, WA, and this percentage has increased by 28.8% 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 | 54.8% | -16.6% |
% Black | 1.2% | -53.8% |
% Hispanic | 9.0% | 80.0% |
% Asian | 29.2% | 37.1% |
% Foreign Born | 28.6% | 28.8% |
Mortgage and Risk — Bothell, WA
According to HUD data as of 2023, there were 333 mortgage originations in Bothell, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Bothell, WA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Bothell, WA
As of 2024, the percent of homes in Bothell, WA under the Section 8 program is 1.6%. 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 | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $970 | $1,790 | $2,760 |
| 2 Bedroom | $710 | $2,500 | $3,210 |
| 3 Bedroom | $880 | $3,350 | $4,230 |
| 4 Bedroom | $1,150 | $3,780 | $4,930 |
Affordability — Bothell, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $1,126,000 |
| Median Household Income | $173,000 |