ZIP Code · WA

ZIP 98108

Part of Seattle, WA

Pop. 25,529·King County·67th most expensive ZIP in Washington

Median rent (all units)

$2,226/mo

Year-over-Year

+0.3%

Month-over-Month

-0.4%

vs US Median

+$294

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98108 · $2,226

More expensive than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,800

1 BR

$1,850

2 BR

$2,160

3 BR

$2,850

4 BR+

$3,320

Research median

$2,160/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

February. Asking rents in ZIP 98108 usually run 1.9% below trend in February and 1.9% above it in July, about $85 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 98108 is 0.4% below its high of $2,236 in July 2026, at $2,226 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98108 changed +0.3% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($95,780) is $2,395 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,160); a 3-bedroom is $2,850.

Rank in Seattle

10th cheapest of 22 ZIP codes in Seattle.

Cheaper nearby

ZIP 98118, 2 miles away, rents for 11% less ($1,983/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98108. 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

$26,712/yr

At $2,226/mo median

Location

CitySeattle

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 (+0.3% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 98108 (Seattle, WA) is majority owner-occupied, has a median income above the national average, 41.2% of residents hold a bachelor's degree or higher.

Population

25,529

Median income

$95,780

Median age

36.9

Renters

41.8%

Age distribution

22.4%

23.6%

31.2%

14.8%

Under 1822.4%

18–3423.6%

35–5431.2%

55–648%

65+14.8%

Gender

51.8%

48.2%

Male51.8%

Female48.2%

Race & ethnicity

27.5%

20.3%

35.9%

White27.5%

Black20.3%

Hispanic10.3%

Asian35.9%

Other5.9%

Education (25+)

15.7%

21.8%

21.3%

41.2%

No HS diploma15.7%

HS diploma21.8%

Some college21.3%

Bachelor's+41.2%

Housing tenure

58.2%

41.8%

Owner58.2%

Renter41.8%

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

2021 vs 2026

How ZIP 98108 in Seattle, WA has changed in 5 years

Rent

$1,696 → $2,226

up 31.3%

Income

$74,985 → $95,780

up 27.7%

Population

23,759 → 25,529

up 7.4%

Renter share

44.3% → 41.8%

-2.5 pts

Bachelor's+

34% → 41.2%

+7.2 pts

Five years ago, renters in ZIP 98108 in Seattle, WA paid around $1,696 a month. That figure now sits near $2,226, up 31.3% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $74,985 in 2021 to $95,780 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 98108 in Seattle, WA adding about 1,770 residents over the five-year window, up 7.4% on net. The renter share has eased from 44.3% to 41.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 34% to 41.2% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 98108 in Seattle, WA market of 2021.

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About renting in ZIP 98108

Last updated: October 17, 2026

ZIP code 98108 covers Seattle, WA. The median rent here is $2,226/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,160/mo.

At 28% of local median household income ($95,780/yr), ZIP 98108 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98108?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,226/mo in ZIP 98108. The local median household income is $95,780/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98108?

Rent in ZIP 98108 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.4% below its high of $2,236 in July 2026.

When is the cheapest time to rent in ZIP 98108?

Asking rents in ZIP 98108 are usually lowest in February, about 1.9% below their yearly trend, and highest in July, about 1.9% above it. At today's median that is a gap of roughly $85 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 98108 compare to other ZIPs in Washington?

ZIP 98108 is one of the pricier among Washington ZIP codes for rent, ranking #67 of 207 at $2,226/mo. Over the year to September 2026, rent in ZIP 98108 changed +0.3%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.