Northgate, Seattle, WA—98125
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northgate, Seattle, WA
As of Oct '25, the median home price in Northgate, Seattle, WA is $805,000, with a year-over-year change of -1.5%. This indicates that home prices in Northgate, 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 | $805,000 | -1.5% |
| Single Family | $845,000 | -1.6% |
| Condos | $373,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $325,000 | -5.8% |
2 Bed | $605,000 | -2.1% |
3 Bed | $801,000 | -2.0% |
4 Bed | $995,000 | -0.8% |
| 5 Bed | $1,114,000 | -0.7% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Northgate, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northgate, Seattle, WA is 39. This is a increase of 13.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $769,000 | -5.0% |
Listing Count | 140 | 27.0% |
| Listings as % of Homes | 0.2% | 27.0% |
Days on Market | 39 | 13.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,800 | 3.1% |
% Under 18 | 15.3% | -10.5% |
% Seniors | 16.6% | 3.1% |
% WFH | 28.9% | 337.9% |
% w/ College Degree | 60.6% | 12.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $805,000 |
| Median Household Income | $96,700 |