Kirkland, WA—98034
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 $1,042,000, with a year-over-year change of -0.3%. This indicates that home prices in Kirkland, 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 | $1,042,000 | -0.3% |
| Single Family | $1,155,000 | -1.1% |
| Condos | $431,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $339,000 | -6.9% |
2 Bed | $460,000 | -5.0% |
3 Bed | $1,030,000 | -1.5% |
4 Bed | $1,269,000 | -0.9% |
| 5 Bed | $1,539,000 | -0.8% |
% of Housing Stock
Rental Trends — Kirkland, WA
As of July '25, Rentcast reports the average rent in Kirkland, WA is $2,920, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Kirkland, WA is studios: $1,780, 1-bedrooms: $2,080, 2-bedrooms: $2,640, 3-bedrooms: $3,530, 4-bedrooms: $4,650. The most common rental property sizes in Kirkland, WA are 2-bedroom and 1-bedroom, accounting for 42.4% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,540 | $2,920 |
| Studio Rent | $1,890 | $1,780 |
| 1 Bed Rent | $2,000 | $2,080 |
| 2 Bed Rent | $2,550 | $2,640 |
| 3 Bed Rent | $3,650 | $3,530 |
| 4 Bed Rent | $4,100 | $4,650 |
% 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 47. This is a increase of 25.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $950,000 | 11.0% |
Listing Count | 205 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 47 | 25.0% |
Demographics — Kirkland, WA
As of the latest ACS Survey released in 2023, Kirkland, WA has a population of 51,800, which has increased by 20.2% over the past 5 years. Kirkland, WA is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 57.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,800 | 20.2% |
% Under 18 | 18.7% | -7.4% |
% Seniors | 14.4% | 10.8% |
% WFH | 26.4% | 282.6% |
% w/ College Degree | 57.6% | 3.4% |
As of the latest ACS Survey released in 2023, Kirkland, WA is a predominantly white area, with 63.8% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Kirkland, WA is asian, making up 17.4% of the population. Foreign-born residents account for 25.9% of the population in Kirkland, WA, and this percentage has increased by 7.9% 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 | 63.8% | -9.5% |
% Black | 1.5% | -6.2% |
% Hispanic | 9.1% | 8.3% |
% Asian | 17.4% | 18.4% |
% Foreign Born | 25.9% | 7.9% |
Mortgage and Risk — Kirkland, WA
According to HUD data as of 2023, there were 713 mortgage originations in Kirkland, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 6.0% 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 | 713 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 5.6%. 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 Kirkland, 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 | 574 |
Total Units Section 8 | 486 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $2,000 | $2,500 |
| 2 Bedroom | $360 | $2,550 | $2,910 |
| 3 Bedroom | $190 | $3,650 | $3,840 |
| 4 Bedroom | $370 | $4,100 | $4,470 |
Affordability — Kirkland, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $1,042,000 |
| Median Household Income | $129,000 |