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ZIP Code · WA

ZIP 98115

Part of Seattle, WA
Pop. 54,349·King County·52nd most expensive ZIP in Washington
Median rent (all units)
$2,360/mo
Year-over-Year
+11.4%
Month-over-Month
+1.9%
vs US Median
+$398
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98115 · $2,360
More expensive than 75% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,805
1 BR
$1,865
2 BR
$2,174
3 BR
$2,843
4 BR+
$3,347
Research median
$2,174/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
$28,320/yr
At $2,360/mo median
Location
StateWA
CountyKing County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.4% YoY, +1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 98115 (Seattle, WA) is majority owner-occupied, has a median income above the national average, 80.6% of residents hold a bachelor's degree or higher.

Population
54,349
Median income
$156,142
Median age
37.5
Renters
40.3%
Age distribution
18%
28.5%
27.8%
14.5%
Under 1818%
18–3428.5%
35–5427.8%
55–6411.2%
65+14.5%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
71.3%
14.5%
White71.3%
Black1.9%
Hispanic5.7%
Asian14.5%
Other6.7%
Education (25+)
12.7%
80.6%
No HS diploma0.9%
HS diploma5.7%
Some college12.7%
Bachelor's+80.6%
Housing tenure
59.7%
40.3%
Owner59.7%
Renter40.3%

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

2021 vs 2026

How ZIP 98115 in Seattle, WA has changed in 5 years

Rent
$1,751 → $2,360
up 34.8%
Income
$128,443 → $156,142
up 21.6%
Population
53,729 → 54,349
up 1.2%
Renter share
38.8% → 40.3%
+1.5 pts
Bachelor's+
76.5% → 80.6%
+4.1 pts

Five years ago, renters in ZIP 98115 in Seattle, WA paid around $1,751 a month. That figure now sits near $2,360, up 34.8% from the 2021 baseline. Census figures show median household income at $156,142 today, compared with $128,443 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 98115 in Seattle, WA adding about 620 residents over the five-year window, up 1.2% on net. The renter share has risen from 38.8% to 40.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 76.5% to 80.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 98115

Last updated: August 17, 2026

ZIP code 98115 covers Seattle, WA. The median rent here is $2,360/mo as of August 2026. A 1-bedroom rents for a median of $1,865/mo. A 2-bedroom rents for a median of $2,174/mo.

At 18% of local median household income ($156,142/yr), ZIP 98115 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98115?

As of August 17, 2026, the median monthly rent in ZIP 98115 (Seattle, WA) is $2,360. This is based on aggregated data from public sources and community submissions.

How does ZIP 98115 rent compare to the US average?

ZIP 98115's median rent of $2,360/mo is $398 (20%) above the US national median of $1,962/mo.

How does ZIP 98115 compare to other ZIPs in Washington?

ZIP 98115 is one of the pricier ZIP codes in Washington, ranking #52 out of 207 ZIPs tracked at $2,360/mo.

How much income do you need to rent in ZIP 98115?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (~$45/hour full-time) to afford the median rent of $2,360/mo in ZIP 98115. The local median household income is $156,142/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98115?

Rent in ZIP 98115 has increased 11.4% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 98115 an affordable place to rent?

ZIP 98115 is considered very affordable for renters. At $2,360/mo, rent takes approximately 18% of the local median household income ($156,142/yr). The standard benchmark is 30%. ZIP 98115 falls comfortably within that range.

What percentage of ZIP 98115 residents rent vs. own?

According to Census data, approximately 40.3% of ZIP 98115 households are renters, while 59.7% are owner-occupied. ZIP 98115 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98115 compare to the rest of Seattle?

ZIP 98115 is pricier than Seattle as a whole. At $2,360/mo, it's $122 above the Seattle citywide median of $2,238/mo.

When was rent data for ZIP 98115 last updated?

Rent data for ZIP 98115 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $2,360/mo, rent takes ~18% of ZIP 98115's median household income ($156,142/yr). The standard benchmark is 30%.

ZIP 98115 18%Benchmark 30%
State income taxNone
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