Capitol Hill, Seattle, WA—98102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Capitol Hill, Seattle, WA
As of Oct '25, the median home price in Capitol Hill, Seattle, WA is $742,000, with a year-over-year change of -3.2%. This indicates that home prices in Capitol Hill, 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 | $742,000 | -3.2% |
| Single Family | $1,146,000 | -2.1% |
| Condos | $465,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $394,000 | -5.7% |
2 Bed | $714,000 | -3.4% |
3 Bed | $1,134,000 | -2.6% |
4 Bed | $1,680,000 | -1.7% |
| 5 Bed | $2,055,000 | -1.7% |
% of Housing Stock
Rental Trends — Capitol Hill, Seattle, WA
As of July '25, Rentcast reports the average rent in Capitol Hill, Seattle, WA is $2,180, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Capitol Hill, Seattle, WA is studios: $1,500, 1-bedrooms: $2,040, 2-bedrooms: $2,990, 3-bedrooms: $4,320, 4-bedrooms: $6,000. The most common rental property sizes in Capitol Hill, Seattle, WA are 1-bedroom and studio, accounting for 46.1% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,180 |
| Studio Rent | $1,480 | $1,500 |
| 1 Bed Rent | $2,000 | $2,040 |
| 2 Bed Rent | $2,800 | $2,990 |
| 3 Bed Rent | $4,250 | $4,320 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — Capitol Hill, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Capitol Hill, Seattle, WA is 58. This is a increase of 13.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $801,000 | 38.0% |
Listing Count | 133 | -1.0% |
| Listings as % of Homes | 0.2% | -1.0% |
Days on Market | 58 | 13.0% |
Demographics — Capitol Hill, Seattle, WA
As of the latest ACS Survey released in 2023, Capitol Hill, Seattle, WA has a population of 26,600, which has increased by 4.5% over the past 5 years. Capitol Hill, Seattle, WA is a less popular place for families, as children make up 5.4% of the population. The area has a highly educated workforce, with 78.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | 4.5% |
% Under 18 | 5.4% | -22.9% |
% Seniors | 7.1% | -15.5% |
% WFH | 32.7% | 367.1% |
% w/ College Degree | 78.6% | 2.9% |
As of the latest ACS Survey released in 2023, Capitol Hill, Seattle, WA is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Capitol Hill, Seattle, WA is asian, making up 12.6% of the population. Foreign-born residents account for 15.0% of the population in Capitol Hill, Seattle, WA, and this percentage has increased by 4.9% 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 | 68.1% | -7.7% |
% Black | 2.0% | -9.1% |
% Hispanic | 7.5% | 70.5% |
% Asian | 12.6% | -1.6% |
% Foreign Born | 15.0% | 4.9% |
Mortgage and Risk — Capitol Hill, Seattle, WA
According to HUD data as of 2023, there were 262 mortgage originations in Capitol Hill, Seattle, WA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Capitol Hill, Seattle, WA. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Capitol Hill, Seattle, WA
As of 2024, the percent of homes in Capitol Hill, Seattle, WA under the Section 8 program is 1.3%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Capitol Hill, Seattle, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 466 |
Total Units Section 8 | 135 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 85.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $2,000 | $2,490 |
| 2 Bedroom | $100 | $2,800 | $2,900 |
| 3 Bedroom | -$430 | $4,250 | $3,820 |
| 4 Bedroom | -$1,540 | $6,000 | $4,460 |
Affordability — Capitol Hill, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $742,000 |
| Median Household Income | $114,000 |