ZIP 98004
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 98004 usually run 2.7% below trend in December and 2.2% above it in July, about $144 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 98004 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 98004 changed +1.5% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.
From 2019 to 2024, rent in ZIP 98004 rose 21.6% while median household income rose 35.6% ($134,580 to $182,545). Income kept ahead of rent.
Rent in ZIP 98004 is 23% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($182,545) is $4,564 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,750); a 3-bedroom is $4,910.
3rd cheapest of 5 ZIP codes in Bellevue.
ZIP 98005, 2 miles away, rents for 11% less ($2,601/mo), about $4,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98004. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 98004 (Bellevue, WA) is majority renter-occupied, has a median income above the national average, 78.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98004 in Bellevue, WA has changed in 5 years
The median rent in ZIP 98004 in Bellevue, WA stood at $2,290 in 2021 and currently runs about $2,932, reflecting a 28.0% increase over the period. On the earnings side, the typical household in ZIP 98004 in Bellevue, WA now reports about $182,545, up from $154,403 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.3% since 2021, moving from about 38,632 residents to roughly 39,897. College-educated residents now make up 78.7% of adults here, versus 74.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98004 in Bellevue, WA reflects that arc in its own way.
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Tips for renters in ZIP 98004
Last updated: October 17, 2026
ZIP code 98004 covers Bellevue, WA. The median rent here is $2,932/mo as of October 2026. A 1-bedroom rents for a median of $2,319/mo. A 2-bedroom rents for a median of $2,700/mo.
At 19% of local median household income ($182,545/yr), ZIP 98004 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
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How does ZIP 98004 compare to the rest of Bellevue?
At $2,932/mo, rent takes ~19% of ZIP 98004's median household income ($182,545/yr). The standard benchmark is 30%.
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