ZIP 98007
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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 98007 usually run 1.9% below trend in December and 1.8% above it in July, about $88 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 98007 is at its highest level since Zillow's records here began in November 2017.
Rent in ZIP 98007 changed +0.8% 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 98007 rose 25.8% while median household income rose 35.8% ($96,545 to $131,109). Income kept ahead of rent.
Rent in ZIP 98007 is 20.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($131,109) is $3,278 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,030); a 3-bedroom is $3,960.
1st cheapest of 5 ZIP codes in Bellevue.
ZIP 98122, 7 miles away, rents for 15% less ($2,032/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98007. 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 98007 (Bellevue, WA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 68.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98007 in Bellevue, WA has changed in 5 years
Compared with 2021, rent in ZIP 98007 in Bellevue, WA has climbed by $536 per month, settling near $2,381 after starting the period at $1,845. Local incomes tracked alongside that move, going from a median of $111,361 in 2021 to $131,109 more recently. Rent outpaced income growth by roughly 11.4 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 28,576 to 27,692 between 2021 and 2024, a 3.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 66.5% to 68.6%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 98007 in Bellevue, WA market of 2021.
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Tips for renters in ZIP 98007
Last updated: October 17, 2026
ZIP code 98007 covers Bellevue, WA. The median rent here is $2,381/mo as of October 2026. A 1-bedroom rents for a median of $1,883/mo. A 2-bedroom rents for a median of $2,195/mo.
At 22% of local median household income ($131,109/yr), ZIP 98007 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.
Frequently asked questions
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How does ZIP 98007 compare to other ZIPs in Washington?
How does ZIP 98007 compare to the rest of Bellevue?
At $2,381/mo, rent takes ~22% of ZIP 98007's median household income ($131,109/yr). The standard benchmark is 30%.
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