ZIP 98112
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 98112 usually run 2.1% below trend in January and 1.8% above it in August, about $90 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 98112 is at its highest level since Zillow's records here began in January 2019.
Rent in ZIP 98112 changed +1.2% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.
From 2019 to 2024, rent in ZIP 98112 rose 14.8% while median household income rose 45% ($118,305 to $171,572). Income kept ahead of rent.
Rent in ZIP 98112 is 14.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($171,572) is $4,289 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,050).
14th cheapest of 22 ZIP codes in Seattle.
ZIP 98122, 2 miles away, rents for 12% less ($2,032/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98112. 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.
Who lives here
ZIP 98112 (Seattle, WA) is majority owner-occupied, has a median income above the national average, 81.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98112 in Seattle, WA has changed in 5 years
Across the past five years, the going rent in ZIP 98112 in Seattle, WA has shifted from $1,882 to $2,320, up 23.3% since 2021. Household income in the area moved from $133,267 to $171,572 across the same window, up 28.7% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 98112 in Seattle, WA losing about 491 residents over the five-year window, down 2.0% on net. The renter share has risen from 37.5% to 39.8%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 98112 in Seattle, WA look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 98112
Last updated: October 17, 2026
ZIP code 98112 covers Seattle, WA. The median rent here is $2,320/mo as of October 2026. A 1-bedroom rents for a median of $2,260/mo. A 2-bedroom rents for a median of $2,630/mo.
At 16% of local median household income ($171,572/yr), ZIP 98112 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.
Frequently asked questions
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How does ZIP 98112 compare to the rest of Seattle?
At $2,320/mo, rent takes ~16% of ZIP 98112's median household income ($171,572/yr). The standard benchmark is 30%.
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