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Renton, WA—98058

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$716,000
1.1% YoY Growth
Household Income
$111,000
23.9% YoY Growth
Days on Market
68
24.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$3,000
4.8% YoY Growth
1-Bed Rent
$1,600
0.0% YoY Growth
2-Bed Rent
$2,200
8.0% YoY Growth
3-Bed Rent
$3,250
11.0% YoY Growth

Other Zip Codes in Renton, WA

98055980569805998057
  • 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 $716,000, with a year-over-year change of -1.1%. 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
$716,000-1.1%
Single Family $742,000-1.3%
Condos $340,000-4.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $252,000
    -6.0%
    2 Bed
    		$408,000-3.3%
    3 Bed
    		$669,000-1.2%
    4 Bed
    		$798,000-1.1%
    5 Bed $912,824-1.5%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    7.6%
    2 Bedrooms
    19.9%
    3 Bedrooms
    35.2%
    4 Bedrooms
    29.4%
    5+ Bedrooms
    7.1%

    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.

    TypeMedian RentAverage Rent
    Average Rent$3,000$2,770
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    23.4%
    2 Bedrooms
    39.8%
    3 Bedrooms
    20.7%
    4 Bedrooms
    12.5%
    5+ Bedrooms
    2.2%

    Property Listings — Renton, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Renton, WA is 52. This is a increase of 28.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$689,000-5.0%
    Listing Count
    		886.0%
    Listings as % of Homes0.3%6.0%
    Days on Market
    		6824.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.1
    Median Home Price$716,000
    Median Household Income$111,000

    Renton, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions