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Renton, WA—98055

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$637,000
2.0% YoY Growth
Household Income
$100,000
41.8% YoY Growth
Days on Market
61
2.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$2,240
15.0% YoY Growth
1-Bed Rent
$1,730
8.7% YoY Growth
2-Bed Rent
$2,400
3.3% YoY Growth
3-Bed Rent
$2,800
0.7% YoY Growth

Other Zip Codes in Renton, WA

98056980599805898057
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Renton, WA

As of Dec '25, the median home price in Renton, WA is $637,000, with a year-over-year change of -2.0%. This indicates that home prices in Renton, WA are decreasing. 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 TypeMedian Home ValueYoY % Change
All Homes
$637,000-2.0%
Single Family $701,000-2.5%
Condos $375,000-3.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $279,000
    0.4%
    2 Bed
    		$399,000-3.4%
    3 Bed
    		$619,000-2.7%
    4 Bed
    		$766,000-2.5%
    5 Bed $851,710-2.6%
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    16.0%
    2 Bedrooms
    28.7%
    3 Bedrooms
    31.6%
    4 Bedrooms
    17.0%
    5+ Bedrooms
    4.4%

    Rental Trends — Renton, WA

    As of July '25, Rentcast reports the average rent in Renton, WA is $2,330, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Renton, WA is 1-bedrooms: $1,750, 2-bedrooms: $2,320, 3-bedrooms: $2,930, 4-bedrooms: $3,340. The most common rental property sizes in Renton, WA are 2-bedroom and 1-bedroom, accounting for 34.7% and 32.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,240$2,330
    Studio Rent N/AN/A
    1 Bed Rent $1,730$1,750
    2 Bed Rent $2,400$2,320
    3 Bed Rent $2,800$2,930
    4 Bed Rent $3,400$3,340
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    32.3%
    2 Bedrooms
    34.7%
    3 Bedrooms
    21.7%
    4 Bedrooms
    5.2%
    5+ Bedrooms
    1.1%

    Property Listings — Renton, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Renton, WA is 51. This is a increase of 9.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$535,0006.0%
    Listing Count
    		26-29.0%
    Listings as % of Homes0.3%-29.0%
    Days on Market
    		612.0%
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    Demographics — Renton, WA

    As of the latest ACS Survey released in 2023, Renton, WA has a population of 24,900, which has increased by 2.6% over the past 5 years. Renton, WA is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,9002.6%
    % Under 18
    		20.6%0.5%
    % Seniors
    		12.3%4.2%
    % WFH
    		23.0%447.6%
    % w/ College Degree
    		39.0%9.6%
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    As of the latest ACS Survey released in 2023, Renton, WA is a predominantly white area, with 36.5% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Renton, WA is asian, making up 27.6% of the population. Foreign-born residents account for 27.8% of the population in Renton, WA, and this percentage has decreased by 9.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		36.5%-8.8%
    % Black
    		9.7%-20.5%
    % Hispanic
    		13.3%58.3%
    % Asian
    		27.6%0.0%
    % Foreign Born
    		27.8%-9.4%
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    Mortgage and Risk — Renton, WA

    According to HUD data as of 2023, there were 284 mortgage originations in Renton, WA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Renton, 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

    MetricZip Code Average
    Total Loan Originations
    		284
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Renton, WA

    As of 2024, the percent of homes in Renton, WA under the Section 8 program is 5.4%. 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 Renton, 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
    		293
    Total Units Section 8
    		216
    % Rentals under Section 8
    		5.4%
    % Occupied Section 8
    		90.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$630$1,730$2,360
    2 Bedroom$350$2,400$2,750
    3 Bedroom$830$2,800$3,630
    4 Bedroom$830$3,400$4,230

    Affordability — Renton, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.1
    Median Home Price$637,000
    Median Household Income$100,000

    Renton, WA — ZIP Code Boundary Map

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    Frequently Asked Questions