ZIP Code · WA

ZIP 98008

Part of Bellevue, WA

Pop. 27,242·King County·1st most expensive ZIP in Washington

Median rent (all units)

$4,019/mo

Year-over-Year

+6.4%

Month-over-Month

+0.6%

vs US Median

+$2,087

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 98008 · $4,019

More expensive than 97% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 98008 usually run 2.4% below trend in December and 2.1% above it in July, about $181 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 98008 is at its highest level since Zillow's records here began in January 2020.

Past year vs. the rest of Washington

Rent in ZIP 98008 changed +6.4% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Since before the pandemic

Rent in ZIP 98008 is 43.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($184,583) is $4,615 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,130); a 4-bedroom is $4,860.

Rank in Bellevue

5th cheapest of 5 ZIP codes in Bellevue.

Cheaper nearby

ZIP 98007, 2 miles away, rents for 41% less ($2,381/mo), about $19,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98008. 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.

Annual cost

$48,228/yr

At $4,019/mo median

Location

CityBellevue

StateWA

CountyKing County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.4% YoY, +0.6% 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

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

$2,907 → $4,019

up 38.3%

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 $2,907 in 2021 and currently runs about $4,019, reflecting a 38.3% 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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About renting in ZIP 98008

Last updated: October 17, 2026

ZIP code 98008 covers Bellevue, WA. The median rent here is $4,019/mo as of October 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 6.4% over the past year.

FAQ

Frequently asked questions

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 (about $77/hour full-time) to afford the median rent of $4,019/mo in ZIP 98008. The local median household income is $184,583/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98008?

Rent in ZIP 98008 has risen 6.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2020.

When is the cheapest time to rent in ZIP 98008?

Asking rents in ZIP 98008 are usually lowest in December, about 2.4% below their yearly trend, and highest in July, about 2.1% above it. At today's median that is a gap of roughly $181 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 98008 compare to other ZIPs in Washington?

ZIP 98008 is one of the pricier among Washington ZIP codes for rent, ranking #1 of 207 at $4,019/mo. Over the year to September 2026, rent in ZIP 98008 changed +6.4%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.