Queen Anne, Seattle, WA—98119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Queen Anne, Seattle, WA
As of Oct '25, the median home price in Queen Anne, Seattle, WA is $1,010,000, with a year-over-year change of 0.2%. This indicates that home prices in Queen Anne, Seattle, WA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,010,000 | 0.2% |
| Single Family | $1,252,000 | 1.1% |
| Condos | $494,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $383,000 | -5.9% |
2 Bed | $737,000 | -1.7% |
3 Bed | $1,192,000 | 0.7% |
4 Bed | $1,628,000 | 1.4% |
| 5 Bed | $2,101,000 | 2.2% |
% of Housing Stock
Rental Trends — Queen Anne, Seattle, WA
As of July '25, Rentcast reports the average rent in Queen Anne, Seattle, WA is $2,310, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Queen Anne, Seattle, WA is studios: $1,470, 1-bedrooms: $1,900, 2-bedrooms: $2,780, 3-bedrooms: $3,990, 4-bedrooms: $6,140. The most common rental property sizes in Queen Anne, Seattle, WA are 1-bedroom and studio, accounting for 53.8% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $2,310 |
| Studio Rent | $1,440 | $1,470 |
| 1 Bed Rent | $1,800 | $1,900 |
| 2 Bed Rent | $2,700 | $2,780 |
| 3 Bed Rent | $3,900 | $3,990 |
| 4 Bed Rent | $5,500 | $6,140 |
% of Rental Stock
Property Listings — Queen Anne, Seattle, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Queen Anne, Seattle, WA is 38. This is a decrease of -6.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $768,000 | -4.0% |
Listing Count | 124 | 10.0% |
| Listings as % of Homes | 0.2% | 10.0% |
Days on Market | 38 | -6.0% |
Demographics — Queen Anne, Seattle, WA
As of the latest ACS Survey released in 2023, Queen Anne, Seattle, WA has a population of 26,400, which has increased by 2.6% over the past 5 years. Queen Anne, Seattle, WA is a less popular place for families, as children make up 11.2% of the population. The area has a highly educated workforce, with 71.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | 2.6% |
% Under 18 | 11.2% | -11.1% |
% Seniors | 12.1% | 14.2% |
% WFH | 34.0% | 223.8% |
% w/ College Degree | 71.5% | -3.4% |
As of the latest ACS Survey released in 2023, Queen Anne, Seattle, WA is a predominantly white area, with 66.6% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Queen Anne, Seattle, WA is asian, making up 12.4% of the population. Foreign-born residents account for 14.6% of the population in Queen Anne, Seattle, WA, and this percentage has increased by 9.8% 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 | 66.6% | -12.6% |
% Black | 2.8% | 75.0% |
% Hispanic | 9.2% | 87.8% |
% Asian | 12.4% | 22.8% |
% Foreign Born | 14.6% | 9.8% |
Mortgage and Risk — Queen Anne, Seattle, WA
According to HUD data as of 2023, there were 218 mortgage originations in Queen Anne, Seattle, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Queen Anne, Seattle, WA. Investor activity is low, as 2.0% 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 | 218 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Queen Anne, Seattle, WA
As of 2024, the percent of homes in Queen Anne, Seattle, WA under the Section 8 program is 1.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Queen Anne, Seattle, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 421 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,800 | $2,390 |
| 2 Bedroom | $80 | $2,700 | $2,780 |
| 3 Bedroom | -$240 | $3,900 | $3,660 |
| 4 Bedroom | -$1,230 | $5,500 | $4,270 |
Affordability — Queen Anne, Seattle, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $1,010,000 |
| Median Household Income | $125,000 |