Central District, Seattle, WA—98122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central District, Seattle, WA
As of Oct '25, the median home price in Central District, Seattle, WA is $815,000, with a year-over-year change of -3.5%. This indicates that home prices in Central District, 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 | $815,000 | -3.5% |
| Single Family | $924,000 | -3.2% |
| Condos | $426,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $392,000 | -6.4% |
2 Bed | $690,000 | -4.0% |
3 Bed | $945,000 | -3.3% |
4 Bed | $1,298,000 | -1.6% |
| 5 Bed | $1,516,000 | -0.9% |
% of Housing Stock
Rental Trends — Central District, Seattle, WA
As of July '25, Rentcast reports the average rent in Central District, Seattle, WA is $1,970, with a year-over-year rent change of -16.2%. Per bedroom, the median rent as of July '25 in Central District, Seattle, WA is studios: $1,370, 1-bedrooms: $1,850, 2-bedrooms: $2,870, 3-bedrooms: $4,050, 4-bedrooms: $3,800. The most common rental property sizes in Central District, Seattle, WA are 1-bedroom and studio, accounting for 40.0% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,970 |
| Studio Rent | $1,380 | $1,370 |
| 1 Bed Rent | $1,800 | $1,850 |
| 2 Bed Rent | $2,650 | $2,870 |
| 3 Bed Rent | $4,000 | $4,050 |
| 4 Bed Rent | $3,700 | $3,800 |
% of Rental Stock
Property Listings — Central District, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Central District, Seattle, WA is 42. This is a increase of 15.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $793,000 | 3.0% |
Listing Count | 169 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 42 | 15.0% |
Demographics — Central District, Seattle, WA
As of the latest ACS Survey released in 2023, Central District, Seattle, WA has a population of 42,000, which has increased by 8.8% over the past 5 years. Central District, Seattle, WA is a less popular place for families, as children make up 7.9% of the population. The area has a highly educated workforce, with 71.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,000 | 8.8% |
% Under 18 | 7.9% | -30.7% |
% Seniors | 8.0% | -1.2% |
% WFH | 28.0% | 294.4% |
% w/ College Degree | 71.5% | 11.5% |
As of the latest ACS Survey released in 2023, Central District, Seattle, WA is a predominantly white area, with 58.1% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Central District, Seattle, WA is asian, making up 14.9% of the population. Foreign-born residents account for 17.2% of the population in Central District, Seattle, WA, and this percentage has increased by 21.1% 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 | 58.1% | -4.9% |
% Black | 9.1% | -26.0% |
% Hispanic | 8.1% | 9.5% |
% Asian | 14.9% | 46.1% |
% Foreign Born | 17.2% | 21.1% |
Mortgage and Risk — Central District, Seattle, WA
According to HUD data as of 2023, there were 524 mortgage originations in Central District, Seattle, WA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Central District, Seattle, WA. Investor activity is low, as 2.0% 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 | 524 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Central District, Seattle, WA
As of 2024, the percent of homes in Central District, Seattle, WA under the Section 8 program is 7.7%. 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 Central 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 | 1,524 |
Total Units Section 8 | 1,338 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 85.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $950 | $1,800 | $2,750 |
| 2 Bedroom | $550 | $2,650 | $3,200 |
| 3 Bedroom | $220 | $4,000 | $4,220 |
| 4 Bedroom | $1,220 | $3,700 | $4,920 |
Affordability — Central District, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $815,000 |
| Median Household Income | $106,000 |