LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$481K+0.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$406K-2.3%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$860K-4.2%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$523K-0.3%|Tucson · AZMedian List$316K+2.7%|Wayne County · MIMedian List$229K+6.7%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$481K+0.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$406K-2.3%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$860K-4.2%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$523K-0.3%|Tucson · AZMedian List$316K+2.7%|Wayne County · MIMedian List$229K+6.7%|
Property-class scope

The story of this market

The typical home in ZIP 98008 sells for about $1,504,243, or $697 per square foot.

Prices are down 5.4% from a year ago, which gives buyers more room to negotiate. Homes take about 5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,565 a month.

ZIP market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 98008 — Bellevue

King County →Seattle marketrefreshed Sep 16, 2026next refresh Oct 16, 2026
Market mood · cautiously optimistic

The 98008 housing market is currently balanced, with a median sale price of approximately $1.5M and a moderate inventory level of 4.6 months. While year-over-year prices have seen a slight correction, the market remains competitive due to high demand from tech-sector professionals and limited supply. The outlook remains stable as buyers and sellers adjust to current interest rate environments.

Who this ZIP fits

This ZIP is ideal for families seeking top-tier schools, tech-sector commuters looking for proximity to major employers, and professionals who value a balance of suburban tranquility and urban accessibility.

Parent geography
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 14.4 km²Water area · 6.2 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$1,504,243
-5.4% year over year
Corroborated · 1 anchor · 0% off nearest
Days on market
5 days
Active listings
627
Sale-to-list ratio
97%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
68
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
23
Growth/100

Median prices moved down 5.4% year over year.

80
Liquidity/100

Homes spend a median of 5 days on market with 4.6 months of supply — a fast-moving market.

80
Momentum/100

0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.

90
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 5.4% — a stable, low-distress profile.

Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2016201720182019202020212022202320242025202620282030$450,000$900,000$1,350,000$1,800,000$2,250,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2016201720182019202020212022202320242025202620282030$4,000$8,000$12,000$16,000$20,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Census trends · population flowsACS 2020-2024 5-year estimates
Population change
+1.2%

versus the prior ACS vintage

Net migration
+450 people

net influx — more people moved in than out

Population base
27,242

ZCTA 98008, King County WA

Immigration & foreign-bornU.S. Census Bureau ACS · ZIP granular
Foreign-born share
38.8%
Foreign-born residents
10,573
Naturalized (of foreign-born)
45.2%
Non-citizens (of population)
21.3%
Entered 2010 or later (of foreign-born)
38.3%
World region of birth (foreign-born)
Asia
63.2%
Europe
19.1%
Americas
15.2%
Africa
1.9%
Oceania
0.6%

ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.

Area context
Crime & safety

Crime rates in the 98008 area remain relatively low compared to regional averages, with property crime being the primary concern. Local law enforcement reports stable trends in public safety across the Bellevue Eastside corridor.

Schools & education

The area is served by the highly-rated Bellevue School District, which is consistently recognized for academic excellence and strong college-readiness metrics. Schools in this ZIP are frequently cited as a primary driver for local residential demand.

Environmental & hazard

The area faces minimal flood risk, though some localized drainage concerns exist in low-lying areas. Wildfire risk is low, and the region is generally well-prepared for wind-related power outages common in the Pacific Northwest.

Growth & development

Economic momentum is driven by proximity to major tech hubs and corporate headquarters in Bellevue and Redmond. Infrastructure development focuses on expanding transit connectivity and mixed-use density near the I-90 and SR-520 corridors.

Taxation

Property taxes are assessed by King County based on market value, with rates influenced by local school district levies and municipal bonds. There are no state income taxes, but homeowners are subject to standard state and local property tax formulas.

Transportation & commute

Residents benefit from excellent access to major employment centers in downtown Bellevue and Redmond via I-405 and SR-520. Public transit options, including local bus routes and proximity to future light rail extensions, provide viable alternatives to driving.

Recreation & amenities

The area features extensive green spaces, including the popular Weowna Park and various community trails. Residents have easy access to Lake Sammamish for water activities and are within a short drive of major shopping centers like Bellevue Square.

Rental market

The rental market is characterized by high demand and low vacancy rates, driven by the influx of tech professionals. Rent growth has stabilized recently, though the market remains competitive for high-quality units.

Economy & employers

The economy is anchored by the technology, aerospace, and retail sectors, with major employers including Microsoft, T-Mobile, and Amazon. The area benefits from a highly educated workforce and strong regional economic growth.

Transportation & infrastructure

The area is served by a robust network of highways including I-405 and SR-520, facilitating regional travel. Public transit is supported by King County Metro and upcoming light rail infrastructure.

Development pipeline

Development is focused on transit-oriented projects and the densification of existing commercial corridors. Several mixed-use residential projects are currently in the approval pipeline to address housing demand.

Special districts

Parcels are subject to Bellevue School District taxes and various King County utility and flood control district assessments.

Insurance & hazard market

Property insurance premiums are stable, though homeowners should account for standard Pacific Northwest hazard coverage including wind and water damage.

Discovery profileACS 2020-2024 5-year estimates
Census profile · ZCTA 98008, King County WA
Population
27,242
Median age
43 yrs
Owner-occupancy
62.4%
Median home value
$1,443,704
Median gross rent
$2,850
Median household income
$184,583
Median year built
1968
Vacancy rate
4.2%
Renter share
37.6%
Owner cost burden
28.5%
Renter cost burden
35.2%
Population change
+1.2%
Net migration
450
Work-from-home share
32.5%
Mean commute
26.4 min
Bachelor's or higher
72.1%
Unemployment
4.6%
Poverty rate
5.4%
Avg household size
2.6
White
52.1%
Asian
35.8%
Hispanic
5.2%
Black
1.8%
Other
5.1%

Data retrieved from data.census.gov ZCTA 98008 profiles.

Public schools · 3
Interlake High SchoolHigh10/10Bellevue SDHighly ranked for academic performance and IB programs.
Odle Middle SchoolMiddle9/10Bellevue SDStrong focus on STEM and advanced curriculum.
Phantom Lake ElementaryElementary8/10Bellevue SDWell-regarded community school.
School districts
Bellevue SDA+Large, high-performing district serving the majority of Bellevue.
Utilities & services
InternetXfinity/Ziply FiberHigh-speed fiber and cable options available.
Natural GasPuget Sound EnergyPrimary provider for the region.
ElectricPuget Sound EnergyStandard regional utility provider.
Water/SewerCity of BellevueMunicipal utility services.
Trash/RecyclingRepublic ServicesContracted municipal waste management.
Major employers & industries
MicrosoftTechnologyMajor regional employer with large campus presence.
T-MobileTelecommunicationsCorporate headquarters located in Bellevue.
AmazonTechnologySignificant and growing office footprint in Bellevue.
Major amenities · ZIP 98008
Theme, amusement & water parks
20+ · 20 mi
Entertainment venues, stadiums & amphitheaters
16 · 20 mi
Family fun & things to do
20+ · 13 mi
Museums, galleries & history
20+ · 20 mi
Parks, trails & nature
20+ · 13 mi
Lakes, marinas & beaches
5 · 20 mi
Shopping & dining districts
7 · 13 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions3 retained amenities · 1 development on the horizon
Inside this ZIP
Weowna Park
Park

Features extensive hiking trails and natural forest areas.

Lake Sammamish
Lake

Provides significant recreational access for boating and swimming.

Bellevue Square
Shopping

Major regional shopping and dining destination nearby.

On the horizon · announced & under construction
East Link Light RailInfrastructureUnder ConstructionMajor transit expansion connecting Bellevue to Seattle and Redmond.
Sources · 5 cited

Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.