University District, Seattle, WA—98105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University District, Seattle, WA
As of Oct '25, the median home price in University District, Seattle, WA is $1,142,000, with a year-over-year change of -1.0%. This indicates that home prices in University District, Seattle, WA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,142,000 | -1.0% |
| Single Family | $1,246,000 | -1.0% |
| Condos | $437,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $397,000 | -7.0% |
2 Bed | $768,000 | -1.7% |
3 Bed | $1,086,000 | -1.1% |
4 Bed | $1,559,000 | -0.8% |
| 5 Bed | $1,598,000 | -0.7% |
% of Housing Stock
Rental Trends — University District, Seattle, WA
As of July '25, Rentcast reports the average rent in University District, Seattle, WA is $2,260, with a year-over-year rent change of -10.3%. Per bedroom, the median rent as of July '25 in University District, Seattle, WA is studios: $1,280, 1-bedrooms: $1,690, 2-bedrooms: $2,400, 3-bedrooms: $3,300, 4-bedrooms: $3,950. The most common rental property sizes in University District, Seattle, WA are studio and 1-bedroom, accounting for 31.7% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,260 |
| Studio Rent | $1,300 | $1,280 |
| 1 Bed Rent | $1,650 | $1,690 |
| 2 Bed Rent | $2,350 | $2,400 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | $4,200 | $3,950 |
% of Rental Stock
Property Listings — University District, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in University District, Seattle, WA is 39. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $996,000 | -3.0% |
Listing Count | 113 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 39 | -25.0% |
Demographics — University District, Seattle, WA
As of the latest ACS Survey released in 2023, University District, Seattle, WA has a population of 49,200, which has remained stable by 0.8% over the past 5 years. University District, Seattle, WA is a less popular place for families, as children make up 10.8% of the population. The area has a highly educated workforce, with 77.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,200 | 0.8% |
% Under 18 | 10.8% | 1.9% |
% Seniors | 7.7% | -1.3% |
% WFH | 26.3% | 265.3% |
% w/ College Degree | 77.2% | 2.3% |
As of the latest ACS Survey released in 2023, University District, Seattle, WA is a predominantly white area, with 56.5% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in University District, Seattle, WA is asian, making up 23.2% of the population. Foreign-born residents account for 21.3% of the population in University District, Seattle, WA, and this percentage has decreased by 10.5% 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 | 56.5% | -8.1% |
% Black | 3.5% | 84.2% |
% Hispanic | 6.8% | 33.3% |
% Asian | 23.2% | -6.1% |
% Foreign Born | 21.3% | -10.5% |
Mortgage and Risk — University District, Seattle, WA
According to HUD data as of 2023, there were 404 mortgage originations in University District, Seattle, WA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in University District, Seattle, WA. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 404 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — University District, Seattle, WA
As of 2024, the percent of homes in University District, Seattle, WA under the Section 8 program is 3.0%. 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 University District, Seattle, 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 | 647 |
Total Units Section 8 | 361 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $740 | $1,650 | $2,390 |
| 2 Bedroom | $430 | $2,350 | $2,780 |
| 3 Bedroom | $460 | $3,200 | $3,660 |
| 4 Bedroom | $70 | $4,200 | $4,270 |
Affordability — University District, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 14.5 |
| Median Home Price | $1,142,000 |
| Median Household Income | $78,700 |