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These days, finding an affordable place to live in the Seattle area can be challenging. Home prices in Seattle are now at a median cost of $772,426, higher than the Washington average of $621,115.
The average cost of rent is $2,193/mo in Seattle, primarily driven by the current value of real estate in the Seattle area. In Seattle, 40.02% of households rent, and 31.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Seattle is $10,661 per month. Households that rent pay about 20.57% of their income on rent here. Seattle’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Medina, WA: higher priced homes
- Hunts Point, WA: higher priced homes
- Clyde Hill, WA: higher priced homes
- Yarrow Point, WA: higher priced homes
- Mercer Island, WA: higher priced homes
- Beaux Arts Village, WA: higher priced homes
- Kirkland, WA: higher priced homes
- White Center, WA: less expensive homes
- Boulevard Park, WA: less expensive homes
- Inglewood-Finn Hill, WA: higher priced homes
Cities with Similar Populations
- Trujillo Alto, PR: less expensive homes
- Suwanee, GA: less expensive homes
- Summerville, SC: less expensive homes
- Syracuse, NY: less expensive homes
- Suffolk, VA: less expensive homes
- Stockbridge, GA: less expensive homes
- Sumter, SC: less expensive homes
- Surprise, AZ: less expensive homes
- Sterling Heights, MI: less expensive homes
- Sunrise Manor, NV: less expensive homes
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