Fairmount Park, Seattle, WA—98136
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairmount Park, Seattle, WA
As of Oct '25, the median home price in Fairmount Park, Seattle, WA is $910,000, with a year-over-year change of -1.5%. This indicates that home prices in Fairmount Park, 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 | $910,000 | -1.5% |
| Single Family | $951,000 | -1.8% |
| Condos | $450,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $420,000 | -3.0% |
2 Bed | $695,000 | -1.0% |
3 Bed | $936,000 | -1.9% |
4 Bed | $1,203,000 | -1.5% |
| 5 Bed | $1,447,000 | -0.5% |
% of Housing Stock
Rental Trends — Fairmount Park, Seattle, WA
As of July '25, Rentcast reports the average rent in Fairmount Park, Seattle, WA is $2,270, with a year-over-year rent change of -12.0%. Per bedroom, the median rent as of July '25 in Fairmount Park, Seattle, WA is studios: $1,360, 1-bedrooms: $1,760, 2-bedrooms: $2,690, 3-bedrooms: $3,840, 4-bedrooms: $4,120. The most common rental property sizes in Fairmount Park, Seattle, WA are 2-bedroom and 1-bedroom, accounting for 36.9% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,270 |
| Studio Rent | $1,420 | $1,360 |
| 1 Bed Rent | $1,720 | $1,760 |
| 2 Bed Rent | $2,440 | $2,690 |
| 3 Bed Rent | $3,500 | $3,840 |
| 4 Bed Rent | $3,750 | $4,120 |
% of Rental Stock
Property Listings — Fairmount Park, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairmount Park, Seattle, WA is 32. This is a decrease of -2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | -11.0% |
Listing Count | 73 | 11.0% |
| Listings as % of Homes | 0.2% | 11.0% |
Days on Market | 32 | -2.0% |
Demographics — Fairmount Park, Seattle, WA
As of the latest ACS Survey released in 2023, Fairmount Park, Seattle, WA has a population of 17,300, which has increased by 4.2% over the past 5 years. Fairmount Park, Seattle, WA is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 67.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 4.2% |
% Under 18 | 17.5% | -2.8% |
% Seniors | 14.7% | 0.7% |
% WFH | 37.7% | 255.7% |
% w/ College Degree | 67.0% | 7.4% |
As of the latest ACS Survey released in 2023, Fairmount Park, Seattle, WA is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Fairmount Park, Seattle, WA is hispanic, making up 10.1% of the population. Foreign-born residents account for 10.9% of the population in Fairmount Park, Seattle, WA, and this percentage has increased by 45.3% 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 | 76.8% | -6.0% |
% Black | 2.2% | -40.5% |
% Hispanic | 10.1% | 77.2% |
% Asian | 3.5% | -20.5% |
% Foreign Born | 10.9% | 45.3% |
Mortgage and Risk — Fairmount Park, Seattle, WA
According to HUD data as of 2023, there were 333 mortgage originations in Fairmount Park, Seattle, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairmount Park, Seattle, WA. Investor activity is low, as 1.0% 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 | 333 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Fairmount Park, Seattle, WA
As of 2024, the percent of homes in Fairmount Park, Seattle, WA under the Section 8 program is 2.1%. 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 Fairmount Park, 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 | 182 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $1,720 | $2,420 |
| 2 Bedroom | $380 | $2,440 | $2,820 |
| 3 Bedroom | $220 | $3,500 | $3,720 |
| 4 Bedroom | $580 | $3,750 | $4,330 |
Affordability — Fairmount Park, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $910,000 |
| Median Household Income | $154,000 |