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ZIP Code · WA

ZIP 98005

Part of Bellevue, WA
Pop. 21,846·King County·36th most expensive ZIP in Washington
Median rent (all units)
$2,593/mo
Year-over-Year
+5.9%
Month-over-Month
-0.5%
vs US Median
+$628
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98005 · $2,593
More expensive than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,430
1 BR
$2,510
2 BR
$2,930
3 BR
$3,830
4 BR+
$4,510
Research median
$2,930/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
$31,116/yr
At $2,593/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.9% YoY, -0.5% MoM), not inventory.
Demographics

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.

Population
21,846
Median income
$160,849
Median age
37.4
Renters
49.3%
Age distribution
20%
25.7%
28.7%
14.3%
Under 1820%
18–3425.7%
35–5428.7%
55–6411.3%
65+14.3%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
41.3%
45%
White41.3%
Black1.5%
Hispanic7.1%
Asian45%
Other5.1%
Education (25+)
18.5%
70.2%
No HS diploma5.2%
HS diploma6.1%
Some college18.5%
Bachelor's+70.2%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2021 vs 2026

How ZIP 98005 in Bellevue, WA has changed in 5 years

Rent
$2,041 → $2,593
up 27.0%
Income
$145,152 → $160,849
up 10.8%
Population
21,603 → 21,846
up 1.1%
Renter share
49.4% → 49.3%
-0.1 pts
Bachelor's+
72.3% → 70.2%
-2.1 pts
Median age
36.2 → 37.4
+1.2 yrs

Compared with 2021, rent in ZIP 98005 in Bellevue, WA has increased by $552 per month, settling near $2,593 after starting the period at $2,041. Census figures show median household income at $160,849 today, compared with $145,152 five years earlier. Rent outpaced income growth by roughly 16.2 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.

Community

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Local insights

Tips for renters in ZIP 98005

About renting in ZIP 98005

Last updated: July 20, 2026

ZIP code 98005 covers Bellevue, WA. The median rent here is $2,593/mo as of July 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 5.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98005?

As of July 20, 2026, the median monthly rent in ZIP 98005 (Bellevue, WA) is $2,593. This is based on aggregated data from public sources and community submissions.

How does ZIP 98005 rent compare to the US average?

ZIP 98005's median rent of $2,593/mo is $628 (32%) above the US national median of $1,965/mo.

How does ZIP 98005 compare to other ZIPs in Washington?

ZIP 98005 is one of the pricier ZIP codes in Washington, ranking #36 out of 209 ZIPs tracked at $2,593/mo.

How much income do you need to rent in ZIP 98005?

To keep rent at or below 30% of gross income, you would need to earn at least $104,000/year (~$50/hour full-time) to afford the median rent of $2,593/mo in ZIP 98005. The local median household income is $160,849/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98005?

Rent in ZIP 98005 has increased 5.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98005 an affordable place to rent?

ZIP 98005 is considered very affordable for renters. At $2,593/mo, rent takes approximately 19% of the local median household income ($160,849/yr). The standard benchmark is 30%. ZIP 98005 falls comfortably within that range.

What percentage of ZIP 98005 residents rent vs. own?

According to Census data, approximately 49.3% of ZIP 98005 households are renters, while 50.7% are owner-occupied. ZIP 98005 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98005 compare to the rest of Bellevue?

ZIP 98005 is more affordable than Bellevue overall. At $2,593/mo, it's $203 below the Bellevue citywide median of $2,796/mo.

When was rent data for ZIP 98005 last updated?

Rent data for ZIP 98005 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,593/mo, rent takes ~19% of ZIP 98005's median household income ($160,849/yr). The standard benchmark is 30%.

ZIP 98005 19%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98005 (Bellevue, WA)

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