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  5. /Fairmount Park, Seattle, WA - 98136

Fairmount Park, Seattle, WA—98136

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$936,000
1.5% YoY Growth
Household Income
$154,000
44.6% YoY Growth
Days on Market
36
8.0% Longer YoY
Home Price Forecast
-1.2%
Median Rent
$2,000
12.0% YoY Growth
1-Bed Rent
$1,720
5.4% YoY Growth
2-Bed Rent
$2,440
7.6% YoY Growth
3-Bed Rent
$3,500
12.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairmount Park, Seattle, WA

As of May '26, the median home price in Fairmount Park, Seattle, WA is $936,000, with a year-over-year change of -1.5%. This indicates that home prices in Fairmount Park, Seattle, WA are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$936,000-1.5%
Single Family $976,000-0.8%
Condos $426,000-3.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $412,000
    -3.3%
    2 Bed
    		$703,000-0.7%
    3 Bed
    		$953,000-1.2%
    4 Bed
    		$1,241,000-0.7%
    5 Bed $1,501,2610.6%
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    % of Housing Stock

    Studio
    4.9%
    1 Bedroom
    11.7%
    2 Bedrooms
    23.7%
    3 Bedrooms
    39.4%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    4.1%

    Rental Trends — Fairmount Park, Seattle, WA

    As of July '25, Rentcast reports the average rent in Fairmount Park, Seattle, WA is $2,270, with a year-over-year rent change of -12.0%. Per bedroom, the median rent as of July '25 in Fairmount Park, Seattle, WA is studios: $1,360, 1-bedrooms: $1,760, 2-bedrooms: $2,690, 3-bedrooms: $3,840, 4-bedrooms: $4,120. The most common rental property sizes in Fairmount Park, Seattle, WA are 2-bedroom and 1-bedroom, accounting for 36.9% and 25.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,270
    Studio Rent $1,420$1,360
    1 Bed Rent $1,720$1,760
    2 Bed Rent $2,440$2,690
    3 Bed Rent $3,500$3,840
    4 Bed Rent $3,750$4,120
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    % of Rental Stock

    Studio
    13.7%
    1 Bedroom
    25.7%
    2 Bedrooms
    36.9%
    3 Bedrooms
    20.3%
    4 Bedrooms
    3.2%
    5+ Bedrooms
    0.2%

    Property Listings — Fairmount Park, Seattle, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Fairmount Park, Seattle, WA is 36. This is a increase of 8.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$775,000-8.0%
    Listing Count
    		716.0%
    Listings as % of Homes0.2%6.0%
    Days on Market
    		368.0%
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    Demographics — Fairmount Park, Seattle, WA

    As of the latest ACS Survey released in 2023, Fairmount Park, Seattle, WA has a population of 17,300, which has increased by 4.2% over the past 5 years. Fairmount Park, Seattle, WA is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 67.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,3004.2%
    % Under 18
    		17.5%-2.8%
    % Seniors
    		14.7%0.7%
    % WFH
    		37.7%255.7%
    % w/ College Degree
    		67.0%7.4%
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    As of the latest ACS Survey released in 2023, Fairmount Park, Seattle, WA is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Fairmount Park, Seattle, WA is hispanic, making up 10.1% of the population. Foreign-born residents account for 10.9% of the population in Fairmount Park, Seattle, WA, and this percentage has increased by 45.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		76.8%-6.0%
    % Black
    		2.2%-40.5%
    % Hispanic
    		10.1%77.2%
    % Asian
    		3.5%-20.5%
    % Foreign Born
    		10.9%45.3%
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    Mortgage and Risk — Fairmount Park, Seattle, WA

    According to HUD data as of 2023, there were 333 mortgage originations in Fairmount Park, Seattle, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairmount Park, Seattle, WA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		333
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Fairmount Park, Seattle, WA

    As of 2024, the percent of homes in Fairmount Park, Seattle, WA under the Section 8 program is 2.1%. 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 Fairmount Park, Seattle, 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
    		182
    Total Units Section 8
    		58
    % Rentals under Section 8
    		2.1%
    % Occupied Section 8
    		85.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$700$1,720$2,420
    2 Bedroom$380$2,440$2,820
    3 Bedroom$220$3,500$3,720
    4 Bedroom$580$3,750$4,330

    Affordability — Fairmount Park, Seattle, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$936,000
    Median Household Income$154,000

    Fairmount Park, Seattle, WA — ZIP Code Boundary Map

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    Frequently Asked Questions