Kirkland, WA—98033
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Kirkland, WA
Home Price Trends — Kirkland, WA
As of Oct '25, the median home price in Kirkland, WA is $1,622,000, with a year-over-year change of 0.2%. This indicates that home prices in Kirkland, 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 | $1,622,000 | 0.2% |
| Single Family | $1,837,000 | -0.6% |
| Condos | $868,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $557,000 | -6.5% |
2 Bed | $920,000 | -3.2% |
3 Bed | $1,522,000 | 0.0% |
4 Bed | $2,075,000 | -0.7% |
| 5 Bed | $2,612,000 | -1.2% |
% of Housing Stock
Rental Trends — Kirkland, WA
As of July '25, Rentcast reports the average rent in Kirkland, WA is $3,550, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Kirkland, WA is studios: $1,840, 1-bedrooms: $2,320, 2-bedrooms: $3,110, 3-bedrooms: $4,970, 4-bedrooms: $5,920. The most common rental property sizes in Kirkland, WA are 1-bedroom and 2-bedroom, accounting for 34.9% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,550 |
| Studio Rent | $1,760 | $1,840 |
| 1 Bed Rent | $2,300 | $2,320 |
| 2 Bed Rent | $3,000 | $3,110 |
| 3 Bed Rent | $4,600 | $4,970 |
| 4 Bed Rent | $5,200 | $5,920 |
% of Rental Stock
Property Listings — Kirkland, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Kirkland, WA is 44. This is a increase of 49.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,820,000 | 3.0% |
Listing Count | 287 | 48.0% |
| Listings as % of Homes | 0.4% | 48.0% |
Days on Market | 44 | 49.0% |
Demographics — Kirkland, WA
As of the latest ACS Survey released in 2023, Kirkland, WA has a population of 40,700, which has increased by 4.1% over the past 5 years. Kirkland, WA is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 73.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,700 | 4.1% |
% Under 18 | 20.8% | 4.5% |
% Seniors | 13.9% | 5.3% |
% WFH | 32.8% | 315.2% |
% w/ College Degree | 73.3% | 8.8% |
As of the latest ACS Survey released in 2023, Kirkland, WA is a predominantly white area, with 67.3% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Kirkland, WA is asian, making up 18.2% of the population. Foreign-born residents account for 23.5% of the population in Kirkland, WA, and this percentage has increased by 2.2% 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 | 67.3% | -7.9% |
% Black | 1.6% | 100.0% |
% Hispanic | 6.0% | -11.8% |
% Asian | 18.2% | 29.1% |
% Foreign Born | 23.5% | 2.2% |
Mortgage and Risk — Kirkland, WA
According to HUD data as of 2023, there were 629 mortgage originations in Kirkland, WA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Kirkland, 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 | 629 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Kirkland, WA
As of 2024, the percent of homes in Kirkland, WA under the Section 8 program is 2.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Kirkland, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 167 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $2,300 | $2,890 |
| 2 Bedroom | $370 | $3,000 | $3,370 |
| 3 Bedroom | -$160 | $4,600 | $4,440 |
| 4 Bedroom | -$20 | $5,200 | $5,180 |
Affordability — Kirkland, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $1,622,000 |
| Median Household Income | $174,000 |