Beacon Hill, Seattle, WA—98144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beacon Hill, Seattle, WA
As of Oct '25, the median home price in Beacon Hill, Seattle, WA is $779,000, with a year-over-year change of -2.2%. This indicates that home prices in Beacon Hill, 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 | $779,000 | -2.2% |
| Single Family | $804,000 | -2.4% |
| Condos | $440,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $419,000 | -4.8% |
2 Bed | $627,000 | -2.6% |
3 Bed | $807,000 | -2.7% |
4 Bed | $1,041,000 | -1.9% |
| 5 Bed | $1,258,000 | -1.9% |
% of Housing Stock
Rental Trends — Beacon Hill, Seattle, WA
As of July '25, Rentcast reports the average rent in Beacon Hill, Seattle, WA is $2,330, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Beacon Hill, Seattle, WA is studios: $1,300, 1-bedrooms: $1,580, 2-bedrooms: $2,560, 3-bedrooms: $3,710, 4-bedrooms: $3,810. The most common rental property sizes in Beacon Hill, Seattle, WA are 2-bedroom and 1-bedroom, accounting for 33.6% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,330 |
| Studio Rent | $1,350 | $1,300 |
| 1 Bed Rent | $1,600 | $1,580 |
| 2 Bed Rent | $2,400 | $2,560 |
| 3 Bed Rent | $3,500 | $3,710 |
| 4 Bed Rent | $3,700 | $3,810 |
% of Rental Stock
Property Listings — Beacon Hill, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Beacon Hill, Seattle, WA is 45. This is a increase of 10.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $734,000 | -4.0% |
Listing Count | 144 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 45 | 10.0% |
Demographics — Beacon Hill, Seattle, WA
As of the latest ACS Survey released in 2023, Beacon Hill, Seattle, WA has a population of 33,000, which has increased by 3.8% over the past 5 years. Beacon Hill, Seattle, WA is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 62.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 3.8% |
% Under 18 | 14.2% | -12.3% |
% Seniors | 16.4% | 18.8% |
% WFH | 29.2% | 300.0% |
% w/ College Degree | 62.4% | 16.6% |
As of the latest ACS Survey released in 2023, Beacon Hill, Seattle, WA is a predominantly white area, with 45.0% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Beacon Hill, Seattle, WA is asian, making up 19.5% of the population. Foreign-born residents account for 21.9% of the population in Beacon Hill, Seattle, WA, and this percentage has decreased by 17.0% 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 | 45.0% | 2.7% |
% Black | 12.9% | -22.8% |
% Hispanic | 11.2% | -5.1% |
% Asian | 19.5% | -2.0% |
% Foreign Born | 21.9% | -17.0% |
Mortgage and Risk — Beacon Hill, Seattle, WA
According to HUD data as of 2023, there were 433 mortgage originations in Beacon Hill, Seattle, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Beacon Hill, 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 | 433 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Beacon Hill, Seattle, WA
As of 2024, the percent of homes in Beacon Hill, Seattle, WA under the Section 8 program is 18.1%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Beacon Hill, Seattle, WA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,850 |
Total Units Section 8 | 1,535 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $1,600 | $2,180 |
| 2 Bedroom | $140 | $2,400 | $2,540 |
| 3 Bedroom | -$150 | $3,500 | $3,350 |
| 4 Bedroom | $200 | $3,700 | $3,900 |
Affordability — Beacon Hill, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $779,000 |
| Median Household Income | $94,100 |