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ZIP Code · WA

ZIP 98107

Part of Seattle, WA
Pop. 28,776·King County·61st most expensive ZIP in Washington
Median rent (all units)
$2,295/mo
Year-over-Year
+10.9%
Month-over-Month
+2.4%
vs US Median
+$333
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98107 · $2,295
More expensive than 73% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,753
1 BR
$1,817
2 BR
$2,114
3 BR
$2,764
4 BR+
$3,252
Research median
$2,114/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
$27,540/yr
At $2,295/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.9% YoY, +2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 98107 (Seattle, WA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 78.6% of residents hold a bachelor's degree or higher.

Population
28,776
Median income
$142,662
Median age
34.2
Renters
61.7%
Age distribution
41.2%
31.7%
Under 1811.3%
18–3441.2%
35–5431.7%
55–647%
65+8.8%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
71.8%
14.2%
White71.8%
Black0.9%
Hispanic7.3%
Asian14.2%
Other5.8%
Education (25+)
15.5%
78.6%
No HS diploma1.6%
HS diploma4.4%
Some college15.5%
Bachelor's+78.6%
Housing tenure
38.3%
61.7%
Owner38.3%
Renter61.7%

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

2021 vs 2026

How ZIP 98107 in Seattle, WA has changed in 5 years

Rent
$1,704 → $2,295
up 34.7%
Income
$113,531 → $142,662
up 25.7%
Population
27,116 → 28,776
up 6.1%
Renter share
59% → 61.7%
+2.7 pts
Bachelor's+
73.2% → 78.6%
+5.4 pts

Rent in ZIP 98107 in Seattle, WA has increased 34.7% since 2021, going from about $1,704 per month to roughly $2,295 today. Census figures show median household income at $142,662 today, compared with $113,531 five years earlier. Rent outpaced income growth by roughly 9.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 27,116 to 28,776 between 2021 and 2024, a 6.1% change. About 61.7% of households rent today, against 59% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 73.2% to 78.6%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 98107

Last updated: August 17, 2026

ZIP code 98107 covers Seattle, WA. The median rent here is $2,295/mo as of August 2026. A 1-bedroom rents for a median of $1,817/mo. A 2-bedroom rents for a median of $2,114/mo.

At 19% of local median household income ($142,662/yr), ZIP 98107 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98107?

As of August 17, 2026, the median monthly rent in ZIP 98107 (Seattle, WA) is $2,295. This is based on aggregated data from public sources and community submissions.

How does ZIP 98107 rent compare to the US average?

ZIP 98107's median rent of $2,295/mo is $333 (17%) above the US national median of $1,962/mo.

How does ZIP 98107 compare to other ZIPs in Washington?

ZIP 98107 is one of the pricier ZIP codes in Washington, ranking #61 out of 207 ZIPs tracked at $2,295/mo.

How much income do you need to rent in ZIP 98107?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,295/mo in ZIP 98107. The local median household income is $142,662/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98107?

Rent in ZIP 98107 has increased 10.9% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 98107 an affordable place to rent?

ZIP 98107 is considered very affordable for renters. At $2,295/mo, rent takes approximately 19% of the local median household income ($142,662/yr). The standard benchmark is 30%. ZIP 98107 falls comfortably within that range.

What percentage of ZIP 98107 residents rent vs. own?

According to Census data, approximately 61.7% of ZIP 98107 households are renters, while 38.3% are owner-occupied. With a majority renter population, ZIP 98107 has a strong rental market.

How does ZIP 98107 compare to the rest of Seattle?

ZIP 98107 is pricier than Seattle as a whole. At $2,295/mo, it's $57 above the Seattle citywide median of $2,238/mo.

When was rent data for ZIP 98107 last updated?

Rent data for ZIP 98107 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,295/mo, rent takes ~19% of ZIP 98107's median household income ($142,662/yr). The standard benchmark is 30%.

ZIP 98107 19%Benchmark 30%
State income taxNone
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