ZIP 98005
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
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 98005 usually run 2.3% below trend in December and 1.8% above it in August, about $107 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 98005 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 98005 changed +0.9% 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 98005 rose 26.2% while median household income rose 33% ($120,913 to $160,849). Income kept ahead of rent.
Rent in ZIP 98005 is 26.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($160,849) is $4,021 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,830); a 4-bedroom is $4,510.
2nd cheapest of 5 ZIP codes in Bellevue.
ZIP 98112, 6 miles away, rents for 11% less ($2,320/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98005. 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 98005 (Bellevue, WA) is roughly split between renters and owners, has a median income above the national average, 70.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98005 in Bellevue, WA has changed in 5 years
Compared with 2021, rent in ZIP 98005 in Bellevue, WA has increased by $558 per month, settling near $2,601 after starting the period at $2,043. Census figures show median household income at $160,849 today, compared with $145,152 five years earlier. Rent outpaced income growth by roughly 16.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 21,603 to 21,846 between 2021 and 2024, a 1.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 72.3% to 70.2%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about ZIP 98005
No discussions yet. Start the conversation.
Tips for renters in ZIP 98005
Last updated: October 17, 2026
ZIP code 98005 covers Bellevue, WA. The median rent here is $2,601/mo as of October 2026. A 1-bedroom rents for a median of $2,510/mo. A 2-bedroom rents for a median of $2,930/mo.
At 19% of local median household income ($160,849/yr), ZIP 98005 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 98005?
Is rent going up or down in ZIP 98005?
When is the cheapest time to rent in ZIP 98005?
Has rent outpaced income in ZIP 98005?
How does ZIP 98005 compare to other ZIPs in Washington?
How does ZIP 98005 compare to the rest of Bellevue?
At $2,601/mo, rent takes ~19% of ZIP 98005's median household income ($160,849/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.