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Northgate, Seattle, WA—98125

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$800,000
1.7% YoY Growth
Household Income
$96,700
50.1% YoY Growth
Days on Market
59
6.0% Shorter YoY
Home Price Forecast
0.2%
Median Rent
$1,740
11.1% YoY Growth
1-Bed Rent
$1,580
4.7% YoY Growth
2-Bed Rent
$2,400
9.6% YoY Growth
3-Bed Rent
$3,200
0.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Northgate, Seattle, WA

As of Dec '25, the median home price in Northgate, Seattle, WA is $800,000, with a year-over-year change of -1.7%. This indicates that home prices in Northgate, Seattle, WA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$800,000-1.7%
Single Family $839,000-1.8%
Condos $374,000-6.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $323,000
    -5.8%
    2 Bed
    		$603,000-2.1%
    3 Bed
    		$796,000-2.1%
    4 Bed
    		$985,000-1.1%
    5 Bed $1,101,740-1.2%
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    % of Housing Stock

    Studio
    8.2%
    1 Bedroom
    25.1%
    2 Bedrooms
    25.9%
    3 Bedrooms
    22.6%
    4 Bedrooms
    11.5%
    5+ Bedrooms
    6.8%

    Rental Trends — Northgate, Seattle, WA

    As of July '25, Rentcast reports the average rent in Northgate, Seattle, WA is $2,080, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Northgate, Seattle, WA is studios: $1,390, 1-bedrooms: $1,570, 2-bedrooms: $2,280, 3-bedrooms: $3,160, 4-bedrooms: $3,800. The most common rental property sizes in Northgate, Seattle, WA are 1-bedroom and 2-bedroom, accounting for 39.7% and 32.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,740$2,080
    Studio Rent $1,400$1,390
    1 Bed Rent $1,580$1,570
    2 Bed Rent $2,400$2,280
    3 Bed Rent $3,200$3,160
    4 Bed Rent $3,750$3,800
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    % of Rental Stock

    Studio
    12.8%
    1 Bedroom
    39.7%
    2 Bedrooms
    32.3%
    3 Bedrooms
    9.2%
    4 Bedrooms
    3.0%
    5+ Bedrooms
    3.0%

    Property Listings — Northgate, Seattle, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Northgate, Seattle, WA is 49. This is a increase of 2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$775,000-8.0%
    Listing Count
    		9526.0%
    Listings as % of Homes0.2%26.0%
    Days on Market
    		59-6.0%
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    Demographics — Northgate, Seattle, WA

    As of the latest ACS Survey released in 2023, Northgate, Seattle, WA has a population of 43,800, which has increased by 3.1% over the past 5 years. Northgate, Seattle, WA is a moderately popular place for families, as children make up 15.3% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		43,8003.1%
    % Under 18
    		15.3%-10.5%
    % Seniors
    		16.6%3.1%
    % WFH
    		28.9%337.9%
    % w/ College Degree
    		60.6%12.8%
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    As of the latest ACS Survey released in 2023, Northgate, Seattle, WA is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Northgate, Seattle, WA is asian, making up 16.8% of the population. Foreign-born residents account for 21.7% of the population in Northgate, Seattle, WA, and this percentage has decreased by 8.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		59.2%-2.3%
    % Black
    		7.9%-15.1%
    % Hispanic
    		9.3%19.2%
    % Asian
    		16.8%14.3%
    % Foreign Born
    		21.7%-8.8%
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    Mortgage and Risk — Northgate, Seattle, WA

    According to HUD data as of 2023, there were 517 mortgage originations in Northgate, 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 Northgate, Seattle, WA. Investor activity is low, as 2.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		517
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		3.0%
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    Rentals and Section 8 — Northgate, Seattle, WA

    As of 2024, the percent of homes in Northgate, Seattle, WA under the Section 8 program is 8.5%. 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 Northgate, 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
    		1,527
    Total Units Section 8
    		928
    % Rentals under Section 8
    		8.5%
    % Occupied Section 8
    		85.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$710$1,580$2,290
    2 Bedroom$270$2,400$2,670
    3 Bedroom$320$3,200$3,520
    4 Bedroom$350$3,750$4,100

    Affordability — Northgate, Seattle, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8
    Median Home Price$800,000
    Median Household Income$96,700

    Northgate, Seattle, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Wedgwood, Seattle, WA

    98115

    Lake Forest Park, Shoreline, WA

    98155

    Broadview, Shoreline, WA

    98133

    University District, Seattle, WA

    98105

    Green Lake, Seattle, WA

    98103

    Frequently Asked Questions