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ZIP Code · WA

ZIP 98112

Part of Seattle, WA
Pop. 23,921·King County·59th most expensive ZIP in Washington
Median rent (all units)
$2,284/mo
Year-over-Year
+7.3%
Month-over-Month
+2.1%
vs US Median
+$319
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98112 · $2,284
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,180
1 BR
$2,260
2 BR
$2,630
3 BR
$3,440
4 BR+
$4,050
Research median
$2,630/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
$27,408/yr
At $2,284/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.3% YoY, +2.1% MoM), not inventory.
Demographics

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.

Population
23,921
Median income
$171,572
Median age
40.4
Renters
39.8%
Age distribution
16.2%
24.3%
30.4%
12.7%
16.4%
Under 1816.2%
18–3424.3%
35–5430.4%
55–6412.7%
65+16.4%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
76.4%
White76.4%
Black3.9%
Hispanic4.1%
Asian10.5%
Other5.1%
Education (25+)
81.8%
No HS diploma1.2%
HS diploma5.3%
Some college11.6%
Bachelor's+81.8%
Housing tenure
60.2%
39.8%
Owner60.2%
Renter39.8%

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

2021 vs 2026

How ZIP 98112 in Seattle, WA has changed in 5 years

Rent
$1,841 → $2,284
up 24.1%
Income
$133,267 → $171,572
up 28.7%
Population
24,412 → 23,921
down 2.0%
Renter share
37.5% → 39.8%
+2.3 pts
Bachelor's+
81.3% → 81.8%
+0.5 pts
Median age
39.2 → 40.4
+1.2 yrs

Across the past five years, the going rent in ZIP 98112 in Seattle, WA has shifted from $1,841 to $2,284, up 24.1% 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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Local insights

Tips for renters in ZIP 98112

About renting in ZIP 98112

Last updated: July 20, 2026

ZIP code 98112 covers Seattle, WA. The median rent here is $2,284/mo as of July 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 7.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98112?

As of July 20, 2026, the median monthly rent in ZIP 98112 (Seattle, WA) is $2,284. This is based on aggregated data from public sources and community submissions.

How does ZIP 98112 rent compare to the US average?

ZIP 98112's median rent of $2,284/mo is $319 (16%) above the US national median of $1,965/mo.

How does ZIP 98112 compare to other ZIPs in Washington?

ZIP 98112 is one of the pricier ZIP codes in Washington, ranking #59 out of 209 ZIPs tracked at $2,284/mo.

How much income do you need to rent in ZIP 98112?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,284/mo in ZIP 98112. The local median household income is $171,572/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98112?

Rent in ZIP 98112 has increased 7.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98112 an affordable place to rent?

ZIP 98112 is considered very affordable for renters. At $2,284/mo, rent takes approximately 16% of the local median household income ($171,572/yr). The standard benchmark is 30%. ZIP 98112 falls comfortably within that range.

What percentage of ZIP 98112 residents rent vs. own?

According to Census data, approximately 39.8% of ZIP 98112 households are renters, while 60.2% are owner-occupied. ZIP 98112 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98112 compare to the rest of Seattle?

ZIP 98112 is pricier than Seattle as a whole. At $2,284/mo, it's $60 above the Seattle citywide median of $2,224/mo.

When was rent data for ZIP 98112 last updated?

Rent data for ZIP 98112 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $2,284/mo, rent takes ~16% of ZIP 98112's median household income ($171,572/yr). The standard benchmark is 30%.

ZIP 98112 16%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98112 (Seattle, WA)

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