Boulevard Park, Seatac, WA—98168
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boulevard Park, Seatac, WA
As of Oct '25, the median home price in Boulevard Park, Seatac, WA is $570,000, with a year-over-year change of -1.5%. This indicates that home prices in Boulevard Park, Seatac, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $570,000 | -1.5% |
| Single Family | $582,000 | -1.9% |
| Condos | $282,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $371,000 | -2.6% |
2 Bed | $455,000 | -2.6% |
3 Bed | $568,000 | -1.9% |
4 Bed | $653,000 | -1.8% |
| 5 Bed | $736,000 | -1.6% |
% of Housing Stock
Rental Trends — Boulevard Park, Seatac, WA
As of July '25, Rentcast reports the average rent in Boulevard Park, Seatac, WA is $2,400, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Boulevard Park, Seatac, WA is studios: $1,330, 1-bedrooms: $1,430, 2-bedrooms: $2,120, 3-bedrooms: $2,880, 4-bedrooms: $3,510. The most common rental property sizes in Boulevard Park, Seatac, WA are 2-bedroom and 1-bedroom, accounting for 43.1% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,400 |
| Studio Rent | $1,330 | $1,330 |
| 1 Bed Rent | $1,400 | $1,430 |
| 2 Bed Rent | $1,800 | $2,120 |
| 3 Bed Rent | $2,800 | $2,880 |
| 4 Bed Rent | $3,400 | $3,510 |
% of Rental Stock
Property Listings — Boulevard Park, Seatac, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Boulevard Park, Seatac, WA is 54. This is a increase of 11.0% 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 | $612,000 | -7.0% |
Listing Count | 85 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 54 | 11.0% |
Demographics — Boulevard Park, Seatac, WA
As of the latest ACS Survey released in 2023, Boulevard Park, Seatac, WA has a population of 34,800, which has increased by 6.3% over the past 5 years. Boulevard Park, Seatac, WA is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,800 | 6.3% |
% Under 18 | 21.3% | -9.7% |
% Seniors | 13.2% | 10.0% |
% WFH | 10.9% | 159.5% |
% w/ College Degree | 24.0% | 12.7% |
As of the latest ACS Survey released in 2023, Boulevard Park, Seatac, WA is a predominantly white area, with 36.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Boulevard Park, Seatac, WA is hispanic, making up 25.5% of the population. Foreign-born residents account for 33.2% of the population in Boulevard Park, Seatac, WA, and this percentage has decreased by 9.8% 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 | 36.7% | -1.3% |
% Black | 11.8% | -10.6% |
% Hispanic | 25.5% | 10.4% |
% Asian | 21.3% | 10.4% |
% Foreign Born | 33.2% | -9.8% |
Mortgage and Risk — Boulevard Park, Seatac, WA
According to HUD data as of 2023, there were 367 mortgage originations in Boulevard Park, Seatac, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Boulevard Park, Seatac, WA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Boulevard Park, Seatac, WA
As of 2024, the percent of homes in Boulevard Park, Seatac, WA under the Section 8 program is 7.3%. 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 Boulevard Park, Seatac, 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 | 546 |
Total Units Section 8 | 415 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $1,400 | $2,050 |
| 2 Bedroom | $590 | $1,800 | $2,390 |
| 3 Bedroom | $360 | $2,800 | $3,160 |
| 4 Bedroom | $280 | $3,400 | $3,680 |
Affordability — Boulevard Park, Seatac, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $570,000 |
| Median Household Income | $84,900 |