Green Lake, Seattle, WA—98103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Green Lake, Seattle, WA
As of Oct '25, the median home price in Green Lake, Seattle, WA is $896,000, with a year-over-year change of -2.6%. This indicates that home prices in Green Lake, 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 | $896,000 | -2.6% |
| Single Family | $957,000 | -2.6% |
| Condos | $449,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $416,000 | -4.4% |
2 Bed | $731,000 | -2.7% |
3 Bed | $938,000 | -3.0% |
4 Bed | $1,270,000 | -1.8% |
| 5 Bed | $1,451,000 | -1.5% |
% of Housing Stock
Rental Trends — Green Lake, Seattle, WA
As of July '25, Rentcast reports the average rent in Green Lake, Seattle, WA is $2,610, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Green Lake, Seattle, WA is studios: $1,450, 1-bedrooms: $1,910, 2-bedrooms: $2,900, 3-bedrooms: $3,830, 4-bedrooms: $5,590. The most common rental property sizes in Green Lake, Seattle, WA are 1-bedroom and 2-bedroom, accounting for 41.7% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,610 |
| Studio Rent | $1,480 | $1,450 |
| 1 Bed Rent | $1,800 | $1,910 |
| 2 Bed Rent | $2,800 | $2,900 |
| 3 Bed Rent | $3,600 | $3,830 |
| 4 Bed Rent | $5,300 | $5,590 |
% of Rental Stock
Property Listings — Green Lake, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Green Lake, Seattle, WA is 34. This is a decrease of -4.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $831,000 | 3.0% |
Listing Count | 211 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 34 | -4.0% |
Demographics — Green Lake, Seattle, WA
As of the latest ACS Survey released in 2023, Green Lake, Seattle, WA has a population of 52,000, which has increased by 1.2% over the past 5 years. Green Lake, Seattle, WA is a less popular place for families, as children make up 13.0% of the population. The area has a highly educated workforce, with 77.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,000 | 1.2% |
% Under 18 | 13.0% | -7.8% |
% Seniors | 11.5% | 10.6% |
% WFH | 32.9% | 344.6% |
% w/ College Degree | 77.3% | 3.6% |
As of the latest ACS Survey released in 2023, Green Lake, Seattle, WA is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Green Lake, Seattle, WA is asian, making up 11.4% of the population. Foreign-born residents account for 15.0% of the population in Green Lake, Seattle, WA, and this percentage has increased by 44.2% 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 | 69.8% | -12.5% |
% Black | 2.7% | 92.9% |
% Hispanic | 8.0% | 86.0% |
% Asian | 11.4% | 35.7% |
% Foreign Born | 15.0% | 44.2% |
Mortgage and Risk — Green Lake, Seattle, WA
According to HUD data as of 2023, there were 735 mortgage originations in Green Lake, Seattle, WA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Green Lake, Seattle, WA. Investor activity is low, as 3.0% 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 | 735 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Green Lake, Seattle, WA
As of 2024, the percent of homes in Green Lake, Seattle, WA under the Section 8 program is 2.6%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Green Lake, Seattle, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 649 |
Total Units Section 8 | 390 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $880 | $1,800 | $2,680 |
| 2 Bedroom | $320 | $2,800 | $3,120 |
| 3 Bedroom | $510 | $3,600 | $4,110 |
| 4 Bedroom | -$510 | $5,300 | $4,790 |
Affordability — Green Lake, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $896,000 |
| Median Household Income | $127,000 |