Downtown Seattle, Seattle, WA—98101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Seattle, Seattle, WA
As of Oct '25, the median home price in Downtown Seattle, Seattle, WA is $598,000, with a year-over-year change of -3.8%. This indicates that home prices in Downtown Seattle, Seattle, WA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $598,000 | -3.8% |
| Single Family | N/A | N/A |
| Condos | $588,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $498,000 | -3.5% |
2 Bed | $902,000 | -2.8% |
3 Bed | $1,437,000 | -0.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Seattle, Seattle, WA
As of July '25, Rentcast reports the average rent in Downtown Seattle, Seattle, WA is $2,680, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Downtown Seattle, Seattle, WA is studios: $1,620, 1-bedrooms: $2,380, 2-bedrooms: $4,380, 3-bedrooms: $5,220. The most common rental property sizes in Downtown Seattle, Seattle, WA are 1-bedroom and studio, accounting for 44.7% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,340 | $2,680 |
| Studio Rent | $1,570 | $1,620 |
| 1 Bed Rent | $2,340 | $2,380 |
| 2 Bed Rent | $3,620 | $4,380 |
| 3 Bed Rent | $4,280 | $5,220 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown Seattle, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Seattle, Seattle, WA is 60. This is a increase of 7.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $695,000 | -13.0% |
Listing Count | 112 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 60 | 7.0% |
Demographics — Downtown Seattle, Seattle, WA
As of the latest ACS Survey released in 2023, Downtown Seattle, Seattle, WA has a population of 16,400, which has increased by 28.2% over the past 5 years. Downtown Seattle, Seattle, WA is a less popular place for families, as children make up 2.3% of the population. The area has a highly educated workforce, with 71.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 28.2% |
% Under 18 | 2.3% | -20.7% |
% Seniors | 12.9% | -23.7% |
% WFH | 35.4% | 521.1% |
% w/ College Degree | 71.2% | 16.9% |
As of the latest ACS Survey released in 2023, Downtown Seattle, Seattle, WA is a predominantly white area, with 48.3% of the population identifying as white. The white population has shrunk by 26.1% in the last 5 years. The second most common race or ethnicity in Downtown Seattle, Seattle, WA is asian, making up 35.0% of the population. Foreign-born residents account for 37.6% of the population in Downtown Seattle, Seattle, WA, and this percentage has increased by 54.7% 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 | 48.3% | -26.1% |
% Black | 6.1% | 0.0% |
% Hispanic | 5.4% | 12.5% |
% Asian | 35.0% | 93.4% |
% Foreign Born | 37.6% | 54.7% |
Mortgage and Risk — Downtown Seattle, Seattle, WA
According to HUD data as of 2023, there were 119 mortgage originations in Downtown Seattle, Seattle, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown Seattle, Seattle, WA. Investor activity is low, as 3.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — Downtown Seattle, Seattle, WA
Downtown Seattle, Seattle, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 943 |
Total Units Section 8 | 782 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $760 | $2,340 | $3,100 |
| 2 Bedroom | -$10 | $3,620 | $3,610 |
| 3 Bedroom | $480 | $4,280 | $4,760 |
| 4 Bedroom | N/A | N/A | $5,550 |
Affordability — Downtown Seattle, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $598,000 |
| Median Household Income | $128,000 |