ZIP Code · WA

ZIP 98045

Part of North Bend, WA

Pop. 15,289·King County·9th most expensive ZIP in Washington

Median rent (all units)

$3,181/mo

Year-over-Year

+3.4%

Month-over-Month

-0.5%

vs US Median

+$1,233

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98045 · $3,181

More expensive than 92% of US ZIP codes · National median $1,948/mo

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Medians by bedroom

Rent by unit size

Studio

$2,210

1 BR

$2,280

2 BR

$2,660

3 BR

$3,480

4 BR+

$4,090

Research median

$2,660/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: September 25, 2026

From the history

What the numbers show

Past year vs. the rest of Washington

Rent in ZIP 98045 changed +3.4% over the year to August 2026. Across the 194 Washington ZIP codes Zillow tracks, the typical change was +2.4%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($175,765) is $4,394 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,090).

From Zillow's monthly rent index (ZORI) for ZIP 98045. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$38,172/yr

At $3,181/mo median

Location

CityNorth Bend

StateWA

CountyKing County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.4% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 98045 (North Bend, WA) is majority owner-occupied, has a median income above the national average, 56.6% of residents hold a bachelor's degree or higher.

Population

15,289

Median income

$175,765

Median age

40.4

Renters

16.3%

Age distribution

23.5%

17.6%

33.5%

13%

12.5%

Under 1823.5%

18–3417.6%

35–5433.5%

55–6413%

65+12.5%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

77.5%

White77.5%

Black0.6%

Hispanic9.2%

Asian5%

Other7.7%

Education (25+)

14.8%

25%

56.6%

No HS diploma3.5%

HS diploma14.8%

Some college25%

Bachelor's+56.6%

Housing tenure

83.7%

16.3%

Owner83.7%

Renter16.3%

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

2021 vs 2026

How ZIP 98045 in North Bend, WA has changed in 5 years

Income

$123,651 → $175,765

up 42.1%

Population

15,611 → 15,289

down 2.1%

Renter share

18.8% → 16.3%

-2.5 pts

Bachelor's+

48.9% → 56.6%

+7.7 pts

Median age

39.4 → 40.4

+1.0 yrs

Local incomes tracked alongside that move, going from a median of $123,651 in 2021 to $175,765 more recently. The population has contracted by 2.1% since 2021, moving from about 15,611 residents to roughly 15,289. Renters now make up 16.3% of households, compared with 18.8% five years ago. College-educated residents now make up 56.6% of adults here, versus 48.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 98045

About renting in ZIP 98045

Last updated: September 25, 2026

ZIP code 98045 covers North Bend, WA. The median rent here is $3,181/mo as of September 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,660/mo.

At 22% of local median household income ($175,765/yr), ZIP 98045 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98045?

To keep rent at or below 30% of gross income, you would need to earn at least $127,000/year (about $61/hour full-time) to afford the median rent of $3,181/mo in ZIP 98045. The local median household income is $175,765/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98045?

Rent in ZIP 98045 has risen 3.4% over the past year.

How does ZIP 98045 compare to other ZIPs in Washington?

ZIP 98045 is one of the pricier among Washington ZIP codes for rent, ranking #9 of 211 at $3,181/mo. Over the year to August 2026, rent in ZIP 98045 changed +3.4%, against a typical +2.4% across the 194 Washington ZIP codes Zillow tracks.