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ZIP Code · WA

ZIP 98008

Part of Bellevue, WA
Pop. 27,242·King County·1st most expensive ZIP in Washington
Median rent (all units)
$4,025/mo
Year-over-Year
+21.8%
Month-over-Month
+5.3%
vs US Median
+$2,074
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98008 · $4,025
More expensive than 97% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$2,620
1 BR
$2,710
2 BR
$3,160
3 BR
$4,130
4 BR+
$4,860
Research median
$3,160/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: June 22, 2026

Annual cost
$48,300/yr
At $4,025/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 21.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+21.8% YoY, +5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 98008 (Bellevue, WA) is majority owner-occupied, has a median income above the national average, 67.4% of residents hold a bachelor's degree or higher.

Population
27,242
Median income
$184,583
Median age
43
Renters
28%
Age distribution
20.8%
16%
32.3%
12.8%
18.2%
Under 1820.8%
18–3416%
35–5432.3%
55–6412.8%
65+18.2%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
50.8%
31.8%
White50.8%
Black1.4%
Hispanic9.2%
Asian31.8%
Other6.8%
Education (25+)
18.7%
67.4%
No HS diploma5.9%
HS diploma8%
Some college18.7%
Bachelor's+67.4%
Housing tenure
72%
28%
Owner72%
Renter28%

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

2021 vs 2026

How ZIP 98008 in Bellevue, WA has changed in 5 years

Rent
$2,780 → $4,025
up 44.8%
Income
$147,788 → $184,583
up 24.9%
Population
26,091 → 27,242
up 4.4%
Renter share
26.6% → 28%
+1.4 pts
Bachelor's+
65.4% → 67.4%
+2.0 pts
Median age
43.8 → 43
-0.8 yrs

The median rent in ZIP 98008 in Bellevue, WA stood at $2,780 in 2021 and currently runs about $4,025, reflecting a 44.8% increase over the period. Census figures show median household income at $184,583 today, compared with $147,788 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.4% since 2021, moving from about 26,091 residents to roughly 27,242. College-educated residents now make up 67.4% of adults here, versus 65.4% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 98008

About renting in ZIP 98008

Last updated: June 22, 2026

ZIP code 98008 covers Bellevue, WA. The median rent here is $4,025/mo as of June 2026. A 1-bedroom rents for a median of $2,710/mo. A 2-bedroom rents for a median of $3,160/mo.

At 26% of local median household income ($184,583/yr), ZIP 98008 ranks as affordable compared to the national benchmark of 30%. Rents have increased 21.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98008?

As of June 22, 2026, the median monthly rent in ZIP 98008 (Bellevue, WA) is $4,025. This is based on aggregated data from public sources and community submissions.

How does ZIP 98008 rent compare to the US average?

ZIP 98008's median rent of $4,025/mo is $2,074 (106%) above the US national median of $1,951/mo.

How does ZIP 98008 compare to other ZIPs in Washington?

ZIP 98008 is one of the pricier ZIP codes in Washington, ranking #1 out of 209 ZIPs tracked at $4,025/mo.

How much income do you need to rent in ZIP 98008?

To keep rent at or below 30% of gross income, you would need to earn at least $161,000/year (~$77/hour full-time) to afford the median rent of $4,025/mo in ZIP 98008. The local median household income is $184,583/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98008?

Rent in ZIP 98008 has increased 21.8% over the past year as of June 22, 2026, putting upward pressure on renter budgets.

Is ZIP 98008 an affordable place to rent?

ZIP 98008 is considered affordable for renters. At $4,025/mo, rent takes approximately 26% of the local median household income ($184,583/yr). The standard benchmark is 30%. ZIP 98008 falls comfortably within that range.

What percentage of ZIP 98008 residents rent vs. own?

According to Census data, approximately 28% of ZIP 98008 households are renters, while 72% are owner-occupied. ZIP 98008 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98008 compare to the rest of Bellevue?

ZIP 98008 is pricier than Bellevue as a whole. At $4,025/mo, it's $1,283 above the Bellevue citywide median of $2,742/mo.

When was rent data for ZIP 98008 last updated?

Rent data for ZIP 98008 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $4,025/mo, rent takes ~26% of ZIP 98008's median household income ($184,583/yr). The standard benchmark is 30%.

ZIP 98008 26%Benchmark 30%
State income taxNone
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