Delridge, Seattle, WA—98106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delridge, Seattle, WA
As of Nov '25, the median home price in Delridge, Seattle, WA is $651,000, with a year-over-year change of -2.3%. This indicates that home prices in Delridge, Seattle, WA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $651,000 | -2.3% |
| Single Family | $661,000 | -2.5% |
| Condos | $396,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $451,000 | -3.2% |
2 Bed | $538,000 | -1.8% |
3 Bed | $660,000 | -2.7% |
4 Bed | $776,000 | -2.5% |
| 5 Bed | $886,239 | -2.5% |
% of Housing Stock
Rental Trends — Delridge, Seattle, WA
As of July '25, Rentcast reports the average rent in Delridge, Seattle, WA is $2,400, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Delridge, Seattle, WA is studios: $1,480, 1-bedrooms: $1,530, 2-bedrooms: $2,410, 3-bedrooms: $3,400, 4-bedrooms: $3,720. The most common rental property sizes in Delridge, Seattle, WA are 2-bedroom and 1-bedroom, accounting for 41.1% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,400 |
| Studio Rent | $1,400 | $1,480 |
| 1 Bed Rent | $1,500 | $1,530 |
| 2 Bed Rent | $2,500 | $2,410 |
| 3 Bed Rent | $3,350 | $3,400 |
| 4 Bed Rent | $3,500 | $3,720 |
% of Rental Stock
Property Listings — Delridge, Seattle, WA
As of Nov '25, Realtor.com reports that the median days on market for a home in Delridge, Seattle, WA is 44. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $695,000 | 2.0% |
Listing Count | 85 | -17.0% |
| Listings as % of Homes | 0.5% | -17.0% |
Days on Market | 44 | -2.0% |
Demographics — Delridge, Seattle, WA
As of the latest ACS Survey released in 2023, Delridge, Seattle, WA has a population of 28,900, which has increased by 10.4% over the past 5 years. Delridge, Seattle, WA is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 45.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 10.4% |
% Under 18 | 18.3% | -14.9% |
% Seniors | 11.2% | 4.7% |
% WFH | 21.9% | 356.2% |
% w/ College Degree | 45.0% | 18.1% |
As of the latest ACS Survey released in 2023, Delridge, Seattle, WA is a predominantly white area, with 42.7% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Delridge, Seattle, WA is hispanic, making up 15.6% of the population. Foreign-born residents account for 24.2% of the population in Delridge, Seattle, WA, and this percentage has increased by 5.2% 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 | 42.7% | -3.4% |
% Black | 15.0% | 13.6% |
% Hispanic | 15.6% | 5.4% |
% Asian | 15.5% | -5.5% |
% Foreign Born | 24.2% | 5.2% |
Mortgage and Risk — Delridge, Seattle, WA
According to HUD data as of 2023, there were 498 mortgage originations in Delridge, Seattle, WA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Delridge, 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 | 498 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Rentals and Section 8 — Delridge, Seattle, WA
As of 2024, the percent of homes in Delridge, Seattle, WA under the Section 8 program is 17.3%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Delridge, Seattle, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,118 |
Total Units Section 8 | 837 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,500 | $2,070 |
| 2 Bedroom | -$90 | $2,500 | $2,410 |
| 3 Bedroom | -$170 | $3,350 | $3,180 |
| 4 Bedroom | $200 | $3,500 | $3,700 |
Affordability — Delridge, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $651,000 |
| Median Household Income | $116,000 |