Bothell, WA—98011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bothell, WA
As of Oct '25, the median home price in Bothell, WA is $1,030,000, with a year-over-year change of 0.5%. This indicates that home prices in Bothell, WA are flat. 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 | $1,030,000 | 0.5% |
| Single Family | $1,119,000 | -0.1% |
| Condos | $501,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $337,000 | -5.6% |
2 Bed | $529,000 | -2.4% |
3 Bed | $955,000 | -0.4% |
4 Bed | $1,221,000 | 0.2% |
| 5 Bed | $1,644,000 | 1.4% |
% of Housing Stock
Rental Trends — Bothell, WA
As of July '25, Rentcast reports the average rent in Bothell, WA is $2,720, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Bothell, WA is studios: $1,800, 1-bedrooms: $1,870, 2-bedrooms: $2,560, 3-bedrooms: $3,450, 4-bedrooms: $3,900. The most common rental property sizes in Bothell, WA are 2-bedroom and 1-bedroom, accounting for 43.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,720 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,900 | $1,870 |
| 2 Bed Rent | $2,640 | $2,560 |
| 3 Bed Rent | $3,500 | $3,450 |
| 4 Bed Rent | $3,800 | $3,900 |
% of Rental Stock
Property Listings — Bothell, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bothell, WA is 44. This is a increase of 62.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $970,000 | -10.0% |
Listing Count | 111 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 44 | 62.0% |
Demographics — Bothell, WA
As of the latest ACS Survey released in 2023, Bothell, WA has a population of 28,200, which has decreased by -14.7% over the past 5 years. Bothell, WA is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 60.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | -14.7% |
% Under 18 | 22.2% | 3.3% |
% Seniors | 13.9% | 4.5% |
% WFH | 31.1% | 357.4% |
% w/ College Degree | 60.5% | 17.2% |
As of the latest ACS Survey released in 2023, Bothell, WA is a predominantly white area, with 64.1% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Bothell, WA is asian, making up 18.0% of the population. Foreign-born residents account for 21.4% of the population in Bothell, WA, and this percentage has increased by 16.9% 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 | 64.1% | -6.6% |
% Black | 0.9% | -47.1% |
% Hispanic | 9.6% | -5.0% |
% Asian | 18.0% | 26.8% |
% Foreign Born | 21.4% | 16.9% |
Mortgage and Risk — Bothell, WA
According to HUD data as of 2023, there were 452 mortgage originations in Bothell, WA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Bothell, 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 | 452 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Bothell, WA
As of 2024, the percent of homes in Bothell, WA under the Section 8 program is 3.1%. 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 Bothell, 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 | 208 |
Total Units Section 8 | 147 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,900 | $2,460 |
| 2 Bedroom | $220 | $2,640 | $2,860 |
| 3 Bedroom | $270 | $3,500 | $3,770 |
| 4 Bedroom | $590 | $3,800 | $4,390 |
Affordability — Bothell, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $1,030,000 |
| Median Household Income | $127,000 |