Renton, WA—98057
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Renton, WA
As of Oct '25, the median home price in Renton, WA is $551,000, with a year-over-year change of -2.3%. This indicates that home prices in Renton, WA are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $551,000 | -2.3% |
| Single Family | $615,000 | -3.0% |
| Condos | $302,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $291,000 | -4.9% |
2 Bed | $438,000 | -3.9% |
3 Bed | $604,000 | -2.7% |
4 Bed | $756,000 | -3.0% |
| 5 Bed | $870,000 | -2.7% |
% of Housing Stock
Rental Trends — Renton, WA
As of July '25, Rentcast reports the average rent in Renton, WA is $1,840, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Renton, WA is studios: $1,480, 1-bedrooms: $1,610, 2-bedrooms: $2,000, 3-bedrooms: $2,470. The most common rental property sizes in Renton, WA are 1-bedroom and 2-bedroom, accounting for 41.4% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,840 |
| Studio Rent | $1,450 | $1,480 |
| 1 Bed Rent | $1,500 | $1,610 |
| 2 Bed Rent | $1,960 | $2,000 |
| 3 Bed Rent | $2,300 | $2,470 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Renton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Renton, WA is 57. This is a increase of 16.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -13.0% |
Listing Count | 22 | -3.0% |
| Listings as % of Homes | 0.1% | -3.0% |
Days on Market | 57 | 16.0% |
Demographics — Renton, WA
As of the latest ACS Survey released in 2023, Renton, WA has a population of 12,200, which has decreased by -9.1% over the past 5 years. Renton, WA is a less popular place for families, as children make up 10.6% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -9.1% |
% Under 18 | 10.6% | -51.8% |
% Seniors | 16.3% | 64.6% |
% WFH | 18.1% | 311.4% |
% w/ College Degree | 33.7% | 14.6% |
As of the latest ACS Survey released in 2023, Renton, WA is a predominantly white area, with 39.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Renton, WA is black, making up 19.5% of the population. Foreign-born residents account for 25.1% of the population in Renton, WA, and this percentage has decreased by 4.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.5% | -1.5% |
% Black | 19.5% | 12.7% |
% Hispanic | 13.8% | -14.3% |
% Asian | 18.8% | 6.2% |
% Foreign Born | 25.1% | -4.9% |
Mortgage and Risk — Renton, WA
According to HUD data as of 2023, there were 82 mortgage originations in Renton, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Renton, WA
Renton, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 238 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,500 | $2,050 |
| 2 Bedroom | $430 | $1,960 | $2,390 |
| 3 Bedroom | $860 | $2,300 | $3,160 |
| 4 Bedroom | N/A | N/A | $3,680 |
Affordability — Renton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $551,000 |
| Median Household Income | $68,100 |