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ZIP Code · WA

ZIP 98106

Part of Seattle, WA
Pop. 28,690·King County·43rd most expensive ZIP in Washington
Median rent (all units)
$2,433/mo
Year-over-Year
+1.6%
Month-over-Month
-1.7%
vs US Median
+$471
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98106 · $2,433
More expensive than 77% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,980
1 BR
$2,050
2 BR
$2,390
3 BR
$3,130
4 BR+
$3,680
Research median
$2,390/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: August 17, 2026

Annual cost
$29,196/yr
At $2,433/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.6% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98106 (Seattle, WA) is majority owner-occupied, has a median income above the national average, 48% of residents hold a bachelor's degree or higher.

Population
28,690
Median income
$124,212
Median age
36.3
Renters
41.3%
Age distribution
17.8%
28.6%
32.1%
Under 1817.8%
18–3428.6%
35–5432.1%
55–6410%
65+11.5%
Gender
52.1%
47.9%
Male52.1%
Female47.9%
Race & ethnicity
44.6%
13.5%
19.3%
16.3%
White44.6%
Black13.5%
Hispanic19.3%
Asian16.3%
Other6.4%
Education (25+)
17.7%
27.1%
48%
No HS diploma7.3%
HS diploma17.7%
Some college27.1%
Bachelor's+48%
Housing tenure
58.7%
41.3%
Owner58.7%
Renter41.3%

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

2021 vs 2026

How ZIP 98106 in Seattle, WA has changed in 5 years

Rent
$1,690 → $2,433
up 44.0%
Income
$84,506 → $124,212
up 47.0%
Population
27,489 → 28,690
up 4.4%
Renter share
46.3% → 41.3%
-5.0 pts
Bachelor's+
41.7% → 48%
+6.3 pts
Median age
35.4 → 36.3
+0.9 yrs

Compared with 2021, rent in ZIP 98106 in Seattle, WA has climbed by $743 per month, settling near $2,433 after starting the period at $1,690. Local incomes tracked alongside that move, going from a median of $84,506 in 2021 to $124,212 more recently. Income growth outran rent by about 3.0 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 27,489 to 28,690 between 2021 and 2024, a 4.4% change. About 41.3% of households rent today, against 46.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 41.7% to 48%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 98106 in Seattle, WA market of 2021.

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Local insights

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About renting in ZIP 98106

Last updated: August 17, 2026

ZIP code 98106 covers Seattle, WA. The median rent here is $2,433/mo as of August 2026. A 1-bedroom rents for a median of $2,050/mo. A 2-bedroom rents for a median of $2,390/mo.

At 24% of local median household income ($124,212/yr), ZIP 98106 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98106?

As of August 17, 2026, the median monthly rent in ZIP 98106 (Seattle, WA) is $2,433. This is based on aggregated data from public sources and community submissions.

How does ZIP 98106 rent compare to the US average?

ZIP 98106's median rent of $2,433/mo is $471 (24%) above the US national median of $1,962/mo.

How does ZIP 98106 compare to other ZIPs in Washington?

ZIP 98106 is one of the pricier ZIP codes in Washington, ranking #43 out of 207 ZIPs tracked at $2,433/mo.

How much income do you need to rent in ZIP 98106?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (~$47/hour full-time) to afford the median rent of $2,433/mo in ZIP 98106. The local median household income is $124,212/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98106?

Rent in ZIP 98106 has increased 1.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 98106 an affordable place to rent?

ZIP 98106 is considered very affordable for renters. At $2,433/mo, rent takes approximately 24% of the local median household income ($124,212/yr). The standard benchmark is 30%. ZIP 98106 falls comfortably within that range.

What percentage of ZIP 98106 residents rent vs. own?

According to Census data, approximately 41.3% of ZIP 98106 households are renters, while 58.7% are owner-occupied. ZIP 98106 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98106 compare to the rest of Seattle?

ZIP 98106 is pricier than Seattle as a whole. At $2,433/mo, it's $195 above the Seattle citywide median of $2,238/mo.

When was rent data for ZIP 98106 last updated?

Rent data for ZIP 98106 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,433/mo, rent takes ~24% of ZIP 98106's median household income ($124,212/yr). The standard benchmark is 30%.

ZIP 98106 24%Benchmark 30%
State income taxNone
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