Georgetown, Seattle, WA—98108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Georgetown, Seattle, WA
As of Oct '25, the median home price in Georgetown, Seattle, WA is $682,000, with a year-over-year change of -1.9%. This indicates that home prices in Georgetown, Seattle, 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 | $682,000 | -1.9% |
| Single Family | $684,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $444,000 | -2.2% |
2 Bed | $575,000 | -2.0% |
3 Bed | $677,000 | -2.2% |
4 Bed | $783,000 | -1.9% |
| 5 Bed | $851,000 | -1.6% |
% of Housing Stock
Rental Trends — Georgetown, Seattle, WA
As of July '25, Rentcast reports the average rent in Georgetown, Seattle, WA is $2,440, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Georgetown, Seattle, WA is studios: $1,290, 1-bedrooms: $1,440, 2-bedrooms: $2,390, 3-bedrooms: $3,450, 4-bedrooms: $3,580. The most common rental property sizes in Georgetown, Seattle, WA are 2-bedroom and 1-bedroom, accounting for 32.2% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,440 |
| Studio Rent | $1,350 | $1,290 |
| 1 Bed Rent | $1,420 | $1,440 |
| 2 Bed Rent | $2,400 | $2,390 |
| 3 Bed Rent | $3,500 | $3,450 |
| 4 Bed Rent | $3,250 | $3,580 |
% of Rental Stock
Property Listings — Georgetown, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Georgetown, Seattle, WA is 37. This is a decrease of -5.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $659,000 | -8.0% |
Listing Count | 82 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 37 | -5.0% |
Demographics — Georgetown, Seattle, WA
As of the latest ACS Survey released in 2023, Georgetown, Seattle, WA has a population of 24,400, which has increased by 1.9% over the past 5 years. Georgetown, Seattle, WA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,400 | 1.9% |
% Under 18 | 22.2% | 1.8% |
% Seniors | 15.0% | 9.5% |
% WFH | 21.6% | 402.3% |
% w/ College Degree | 37.0% | 13.5% |
As of the latest ACS Survey released in 2023, Georgetown, Seattle, WA is a predominantly asian area, with 37.4% of the population identifying as asian. The asian population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Georgetown, Seattle, WA is white, making up 25.4% of the population. Foreign-born residents account for 35.1% of the population in Georgetown, Seattle, WA, and this percentage has increased by 1.2% 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 | 25.4% | -8.0% |
% Black | 19.3% | 10.9% |
% Hispanic | 11.3% | 4.6% |
% Asian | 37.4% | 0.8% |
% Foreign Born | 35.1% | 1.2% |
Mortgage and Risk — Georgetown, Seattle, WA
According to HUD data as of 2023, there were 341 mortgage originations in Georgetown, Seattle, WA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Georgetown, Seattle, WA. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 341 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Georgetown, Seattle, WA
As of 2024, the percent of homes in Georgetown, Seattle, WA under the Section 8 program is 12.8%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Georgetown, Seattle, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 980 |
Total Units Section 8 | 438 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,420 | $2,050 |
| 2 Bedroom | -$10 | $2,400 | $2,390 |
| 3 Bedroom | -$340 | $3,500 | $3,160 |
| 4 Bedroom | $430 | $3,250 | $3,680 |
Affordability — Georgetown, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $682,000 |
| Median Household Income | $90,800 |