Columbia City, Seattle, WA—98118
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbia City, Seattle, WA
As of Oct '25, the median home price in Columbia City, Seattle, WA is $730,000, with a year-over-year change of -1.9%. This indicates that home prices in Columbia City, 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 | $730,000 | -1.9% |
| Single Family | $744,000 | -2.1% |
| Condos | $376,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $461,000 | -1.5% |
2 Bed | $604,000 | -1.8% |
3 Bed | $723,000 | -2.2% |
4 Bed | $842,000 | -2.1% |
| 5 Bed | $879,000 | -2.0% |
% of Housing Stock
Rental Trends — Columbia City, Seattle, WA
As of July '25, Rentcast reports the average rent in Columbia City, Seattle, WA is $2,480, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Columbia City, Seattle, WA is studios: $1,310, 1-bedrooms: $1,640, 2-bedrooms: $2,440, 3-bedrooms: $3,420, 4-bedrooms: $4,070. The most common rental property sizes in Columbia City, Seattle, WA are 1-bedroom and 2-bedroom, accounting for 34.7% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,480 |
| Studio Rent | $1,260 | $1,310 |
| 1 Bed Rent | $1,600 | $1,640 |
| 2 Bed Rent | $2,400 | $2,440 |
| 3 Bed Rent | $3,400 | $3,420 |
| 4 Bed Rent | $3,400 | $4,070 |
% of Rental Stock
Property Listings — Columbia City, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbia City, Seattle, WA is 43. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $716,000 | -8.0% |
Listing Count | 154 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 43 | 1.0% |
Demographics — Columbia City, Seattle, WA
As of the latest ACS Survey released in 2023, Columbia City, Seattle, WA has a population of 49,600, which has increased by 2.3% over the past 5 years. Columbia City, Seattle, WA is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 49.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,600 | 2.3% |
% Under 18 | 20.4% | -6.4% |
% Seniors | 14.1% | 9.3% |
% WFH | 26.0% | 441.7% |
% w/ College Degree | 49.0% | 18.1% |
As of the latest ACS Survey released in 2023, Columbia City, Seattle, WA is a predominantly white area, with 38.0% of the population identifying as white. The white population has grown by 25.8% in the last 5 years. The second most common race or ethnicity in Columbia City, Seattle, WA is asian, making up 23.7% of the population. Foreign-born residents account for 27.0% of the population in Columbia City, Seattle, WA, and this percentage has decreased by 17.4% 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 | 38.0% | 25.8% |
% Black | 18.5% | -22.9% |
% Hispanic | 12.0% | 51.9% |
% Asian | 23.7% | -21.8% |
% Foreign Born | 27.0% | -17.4% |
Mortgage and Risk — Columbia City, Seattle, WA
According to HUD data as of 2023, there were 525 mortgage originations in Columbia City, Seattle, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Columbia City, Seattle, WA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 525 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Columbia City, Seattle, WA
As of 2024, the percent of homes in Columbia City, Seattle, WA under the Section 8 program is 20.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Columbia City, 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 | 2,123 |
Total Units Section 8 | 1,550 |
% Rentals under Section 8 | 20.1% |
% Occupied Section 8 | 84.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,600 | $2,240 |
| 2 Bedroom | $210 | $2,400 | $2,610 |
| 3 Bedroom | $40 | $3,400 | $3,440 |
| 4 Bedroom | $610 | $3,400 | $4,010 |
Affordability — Columbia City, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $730,000 |
| Median Household Income | $109,000 |