Renton, WA—98058
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 $720,000, with a year-over-year change of -1.0%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $720,000 | -1.0% |
| Single Family | $747,000 | -1.2% |
| Condos | $340,000 | -4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $255,000 | -6.2% |
2 Bed | $408,000 | -3.8% |
3 Bed | $672,000 | -1.0% |
4 Bed | $804,000 | -1.0% |
| 5 Bed | $921,000 | -1.3% |
% of Housing Stock
Rental Trends — Renton, WA
As of July '25, Rentcast reports the average rent in Renton, WA is $2,770, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Renton, WA is 1-bedrooms: $1,570, 2-bedrooms: $2,020, 3-bedrooms: $3,320, 4-bedrooms: $3,650. The most common rental property sizes in Renton, WA are 2-bedroom and 1-bedroom, accounting for 39.8% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,570 |
| 2 Bed Rent | $2,200 | $2,020 |
| 3 Bed Rent | $3,250 | $3,320 |
| 4 Bed Rent | $3,500 | $3,650 |
% 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 45. This is a increase of 17.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $768,000 | -6.0% |
Listing Count | 127 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 45 | 17.0% |
Demographics — Renton, WA
As of the latest ACS Survey released in 2023, Renton, WA has a population of 42,000, which has decreased by -3.5% over the past 5 years. Renton, WA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,000 | -3.5% |
% Under 18 | 22.3% | -1.8% |
% Seniors | 16.0% | 18.5% |
% WFH | 19.3% | 211.3% |
% w/ College Degree | 41.4% | 7.8% |
As of the latest ACS Survey released in 2023, Renton, WA is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Renton, WA is asian, making up 16.5% of the population. Foreign-born residents account for 21.3% of the population in Renton, WA, and this percentage has increased by 9.2% 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 | 52.2% | -11.7% |
% Black | 8.0% | 9.6% |
% Hispanic | 13.5% | 36.4% |
% Asian | 16.5% | 0.6% |
% Foreign Born | 21.3% | 9.2% |
Mortgage and Risk — Renton, WA
According to HUD data as of 2023, there were 769 mortgage originations in Renton, WA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% 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 | 769 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Renton, WA
As of 2024, the percent of homes in Renton, WA under the Section 8 program is 11.8%. 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 | 500 |
Total Units Section 8 | 500 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $750 | $1,600 | $2,350 |
| 2 Bedroom | $540 | $2,200 | $2,740 |
| 3 Bedroom | $360 | $3,250 | $3,610 |
| 4 Bedroom | $710 | $3,500 | $4,210 |
Affordability — Renton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $720,000 |
| Median Household Income | $111,000 |