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ZIP Code · WA

ZIP 98053

Part of Redmond, WA
Pop. 22,765·King County·15th most expensive ZIP in Washington
Median rent (all units)
$2,976/mo
Year-over-Year
+15.3%
Month-over-Month
+7.1%
vs US Median
+$1,011
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98053 · $2,976
More expensive than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,740
1 BR
$2,840
2 BR
$3,310
3 BR
$4,330
4 BR+
$5,090
Research median
$3,310/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
$35,712/yr
At $2,976/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.3% YoY, +7.1% MoM), not inventory.
Demographics

Who lives here

ZIP 98053 (Redmond, WA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.

Population
22,765
Median income
$192,292
Median age
43.9
Renters
15.2%
Age distribution
25.7%
31.2%
20.7%
Under 1825.7%
18–3410.9%
35–5431.2%
55–6411.5%
65+20.7%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
58%
28.9%
White58%
Black2.3%
Hispanic6.1%
Asian28.9%
Other4.7%
Education (25+)
17.8%
72.7%
No HS diploma1.9%
HS diploma7.7%
Some college17.8%
Bachelor's+72.7%
Housing tenure
84.8%
15.2%
Owner84.8%
Renter15.2%

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

2021 vs 2026

How ZIP 98053 in Redmond, WA has changed in 5 years

Income
$160,208 → $192,292
up 20.0%
Population
22,857 → 22,765
down 0.4%
Renter share
15% → 15.2%
+0.2 pts
Bachelor's+
71.2% → 72.7%
+1.5 pts

Median household income climbed from $160,208 to $192,292 between 2021 and 2024, a 20.0% shift.

Community

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Local insights

Tips for renters in ZIP 98053

About renting in ZIP 98053

Last updated: July 20, 2026

ZIP code 98053 covers Redmond, WA. The median rent here is $2,976/mo as of July 2026. A 1-bedroom rents for a median of $2,840/mo. A 2-bedroom rents for a median of $3,310/mo.

At 19% of local median household income ($192,292/yr), ZIP 98053 ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98053?

As of July 20, 2026, the median monthly rent in ZIP 98053 (Redmond, WA) is $2,976. This is based on aggregated data from public sources and community submissions.

How does ZIP 98053 rent compare to the US average?

ZIP 98053's median rent of $2,976/mo is $1,011 (51%) above the US national median of $1,965/mo.

How does ZIP 98053 compare to other ZIPs in Washington?

ZIP 98053 is one of the pricier ZIP codes in Washington, ranking #15 out of 209 ZIPs tracked at $2,976/mo.

How much income do you need to rent in ZIP 98053?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (~$57/hour full-time) to afford the median rent of $2,976/mo in ZIP 98053. The local median household income is $192,292/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98053?

Rent in ZIP 98053 has increased 15.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98053 an affordable place to rent?

ZIP 98053 is considered very affordable for renters. At $2,976/mo, rent takes approximately 19% of the local median household income ($192,292/yr). The standard benchmark is 30%. ZIP 98053 falls comfortably within that range.

What percentage of ZIP 98053 residents rent vs. own?

According to Census data, approximately 15.2% of ZIP 98053 households are renters, while 84.8% are owner-occupied. ZIP 98053 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98053 compare to the rest of Redmond?

ZIP 98053 is pricier than Redmond as a whole. At $2,976/mo, it's $336 above the Redmond citywide median of $2,640/mo.

When was rent data for ZIP 98053 last updated?

Rent data for ZIP 98053 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,976/mo, rent takes ~19% of ZIP 98053's median household income ($192,292/yr). The standard benchmark is 30%.

ZIP 98053 19%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98053 (Redmond, WA)

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