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These days, finding an affordable place to live in the Downtown Seattle area can be challenging. Home prices in Downtown Seattle are now at a median cost of $1,182,825, higher than the Seattle average of $772,426.
The average cost of rent is $2,761/mo in Downtown Seattle, primarily driven by the current value of real estate in the Downtown Seattle area. In Downtown Seattle, 79.69% of households rent, and 46.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Seattle is $14,195 per month. Households that rent pay about 19.45% of their income on rent here. Downtown Seattle’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Madrona, Seattle, WA: higher priced homes
- McGilvra, Mercer Island, WA: higher priced homes
- Madison Park, Seattle, WA: higher priced homes
- Leschi, Seattle, WA: higher priced homes
- Central District, Seattle, WA: less expensive homes
- Meydenbauer, Bellevue, WA: higher priced homes
- Atlantic, Seattle, WA: less expensive homes
- Montlake, Seattle, WA: higher priced homes
- Capitol Hill, Seattle, WA: less expensive homes
- Mt. Baker, Seattle, WA: less expensive homes
Neighborhoods with Similar Populations
- Charter Oak, Covina, CA: less expensive homes
- Old Brooklyn, Cleveland, OH: less expensive homes
- Watts, Los Angeles, CA: less expensive homes
- Walnut Valley, Diamond Bar, CA: less expensive homes
- Carmel Valley, San Diego, CA: higher priced homes
- Carnegie Hill, Manhattan, NY: higher priced homes
- Inner Richmond, San Francisco, CA: higher priced homes
- University District, Seattle, WA: less expensive homes
- Central City, Los Angeles, CA: less expensive homes
- Central Escondido, Escondido, CA: less expensive homes
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