North Beach, Seattle, WA—98117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Beach, Seattle, WA
As of Oct '25, the median home price in North Beach, Seattle, WA is $959,000, with a year-over-year change of -0.9%. This indicates that home prices in North Beach, Seattle, WA are flat. 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 | $959,000 | -0.9% |
| Single Family | $970,000 | -0.9% |
| Condos | $630,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $620,000 | -1.0% |
2 Bed | $771,000 | -0.8% |
3 Bed | $956,000 | -1.2% |
4 Bed | $1,211,000 | -0.2% |
| 5 Bed | $1,423,000 | -0.3% |
% of Housing Stock
Rental Trends — North Beach, Seattle, WA
As of July '25, Rentcast reports the average rent in North Beach, Seattle, WA is $2,740, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in North Beach, Seattle, WA is studios: $1,500, 1-bedrooms: $1,700, 2-bedrooms: $2,630, 3-bedrooms: $3,820, 4-bedrooms: $4,660. The most common rental property sizes in North Beach, Seattle, WA are 1-bedroom and 2-bedroom, accounting for 31.8% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,740 |
| Studio Rent | $1,330 | $1,500 |
| 1 Bed Rent | $1,650 | $1,700 |
| 2 Bed Rent | $2,500 | $2,630 |
| 3 Bed Rent | $3,750 | $3,820 |
| 4 Bed Rent | $4,500 | $4,660 |
% of Rental Stock
Property Listings — North Beach, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Beach, Seattle, WA is 33. This is a increase of 9.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | -10.0% |
Listing Count | 160 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 33 | 9.0% |
Demographics — North Beach, Seattle, WA
As of the latest ACS Survey released in 2023, North Beach, Seattle, WA has a population of 35,100, which has remained stable by 0.1% over the past 5 years. North Beach, Seattle, WA is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 74.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,100 | 0.1% |
% Under 18 | 20.3% | -1.0% |
% Seniors | 13.5% | 12.5% |
% WFH | 37.4% | 302.2% |
% w/ College Degree | 74.8% | 10.7% |
As of the latest ACS Survey released in 2023, North Beach, Seattle, WA is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in North Beach, Seattle, WA is asian, making up 7.6% of the population. Foreign-born residents account for 12.3% of the population in North Beach, Seattle, WA, and this percentage has increased by 46.4% 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 | 78.7% | -3.7% |
% Black | 1.0% | -16.7% |
% Hispanic | 4.4% | -6.4% |
% Asian | 7.6% | 28.8% |
% Foreign Born | 12.3% | 46.4% |
Mortgage and Risk — North Beach, Seattle, WA
According to HUD data as of 2023, there were 600 mortgage originations in North Beach, Seattle, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in North Beach, Seattle, WA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 600 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — North Beach, Seattle, WA
As of 2024, the percent of homes in North Beach, Seattle, WA under the Section 8 program is 4.6%. 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 North Beach, Seattle, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 87.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $810 | $1,650 | $2,460 |
| 2 Bedroom | $370 | $2,500 | $2,870 |
| 3 Bedroom | $30 | $3,750 | $3,780 |
| 4 Bedroom | -$90 | $4,500 | $4,410 |
Affordability — North Beach, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $959,000 |
| Median Household Income | $182,000 |