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ZIP Code · WA

ZIP 98004

Part of Bellevue, WA
Pop. 39,897·King County·14th most expensive ZIP in Washington
Median rent (all units)
$2,983/mo
Year-over-Year
+5.3%
Month-over-Month
+2.4%
vs US Median
+$1,018
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98004 · $2,983
More expensive than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,278
1 BR
$2,359
2 BR
$2,747
3 BR
$3,597
4 BR+
$4,227
Research median
$2,747/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$35,796/yr
At $2,983/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.3% YoY, +2.4% MoM), not inventory.
Demographics

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.

Population
39,897
Median income
$182,545
Median age
38
Renters
63.6%
Age distribution
15.6%
29.4%
28.6%
15.3%
Under 1815.6%
18–3429.4%
35–5428.6%
55–6411.1%
65+15.3%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
43.9%
42.9%
White43.9%
Black1.5%
Hispanic4.3%
Asian42.9%
Other7.3%
Education (25+)
12.1%
78.7%
No HS diploma1.7%
HS diploma7.5%
Some college12.1%
Bachelor's+78.7%
Housing tenure
36.4%
63.6%
Owner36.4%
Renter63.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 98004 in Bellevue, WA has changed in 5 years

Rent
$2,286 → $2,983
up 30.5%
Income
$154,403 → $182,545
up 18.2%
Population
38,632 → 39,897
up 3.3%
Renter share
62.3% → 63.6%
+1.3 pts
Bachelor's+
74.6% → 78.7%
+4.1 pts
Median age
37 → 38
+1.0 yrs

The median rent in ZIP 98004 in Bellevue, WA stood at $2,286 in 2021 and currently runs about $2,983, reflecting a 30.5% 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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Local insights

Tips for renters in ZIP 98004

About renting in ZIP 98004

Last updated: July 20, 2026

ZIP code 98004 covers Bellevue, WA. The median rent here is $2,983/mo as of July 2026. A 1-bedroom rents for a median of $2,359/mo. A 2-bedroom rents for a median of $2,747/mo.

At 20% of local median household income ($182,545/yr), ZIP 98004 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98004?

As of July 20, 2026, the median monthly rent in ZIP 98004 (Bellevue, WA) is $2,983. This is based on aggregated data from public sources and community submissions.

How does ZIP 98004 rent compare to the US average?

ZIP 98004's median rent of $2,983/mo is $1,018 (52%) above the US national median of $1,965/mo.

How does ZIP 98004 compare to other ZIPs in Washington?

ZIP 98004 is one of the pricier ZIP codes in Washington, ranking #14 out of 209 ZIPs tracked at $2,983/mo.

How much income do you need to rent in ZIP 98004?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (~$57/hour full-time) to afford the median rent of $2,983/mo in ZIP 98004. The local median household income is $182,545/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98004?

Rent in ZIP 98004 has increased 5.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98004 an affordable place to rent?

ZIP 98004 is considered very affordable for renters. At $2,983/mo, rent takes approximately 20% of the local median household income ($182,545/yr). The standard benchmark is 30%. ZIP 98004 falls comfortably within that range.

What percentage of ZIP 98004 residents rent vs. own?

According to Census data, approximately 63.6% of ZIP 98004 households are renters, while 36.4% are owner-occupied. With a majority renter population, ZIP 98004 has a strong rental market.

How does ZIP 98004 compare to the rest of Bellevue?

ZIP 98004 is pricier than Bellevue as a whole. At $2,983/mo, it's $187 above the Bellevue citywide median of $2,796/mo.

When was rent data for ZIP 98004 last updated?

Rent data for ZIP 98004 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,983/mo, rent takes ~20% of ZIP 98004's median household income ($182,545/yr). The standard benchmark is 30%.

ZIP 98004 20%Benchmark 30%
State income taxNone
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Public schools near ZIP 98004 (Bellevue, WA)

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