The story of this market
The typical home in ZIP 98012 sells for about $1,000,000, or $450 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,600 a month.
ZIP 98012 — Bothell
The 98012 housing market is showing signs of stabilization after a period of price correction, with inventory levels rising significantly year-over-year. While median prices have softened slightly, demand remains supported by the area's strong employment base and high quality of life. Buyers are finding more options and increased negotiating power compared to the previous year.
This ZIP is ideal for families and professionals seeking a balance between suburban living and access to major employment hubs, offering high-quality schools and extensive outdoor amenities.
Median prices moved down 5.7% year over year.
Homes spend a median of 22 days on market with 4.9 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 4.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98012, Snohomish County WA
Crime rates in the 98012 area are generally considered low compared to regional averages, with property crime being the primary concern. Local law enforcement reports stable trends in recent years.
Schools serving the 98012 ZIP code are highly regarded, with many institutions in the Everett and Northshore school districts maintaining strong academic performance ratings.
The area faces moderate risks related to windstorms and occasional localized flooding in low-lying areas, though wildfire risk is generally low compared to more rural parts of the state.
The area benefits from proximity to major tech and biotech hubs in Bothell and nearby Redmond, with ongoing residential and mixed-use development projects continuing to expand the local infrastructure.
Property taxes are assessed by Snohomish County based on market value, with rates including state, county, and local school district levies; no state income tax applies to residential property.
Residents typically face a 30-45 minute commute to major employment centers in Seattle or Bellevue, with primary access via I-405 and SR-522.
The area features extensive access to local parks, the North Creek Trail system, and proximity to the Snohomish River, with major shopping centers located in nearby Mill Creek and Bothell.
The rental market is characterized by high demand and moderate vacancy rates, with a mix of single-family rentals and modern apartment complexes catering to commuters.
The local economy is anchored by the biotech, software, and aerospace industries, with significant employment presence from companies in the nearby Bothell and Canyon Park business districts.
The area is served by a network of arterial roads connecting to I-405, with limited public transit options primarily consisting of regional bus routes.
Development is focused on high-density residential infill and the revitalization of commercial corridors to support the growing population.
The Snohomish County Assessor maintains property valuations based on annual market analysis and physical inspections.
Parcels are subject to various special districts, including local fire districts, school districts, and utility districts for water and sewer services.
Property insurance premiums are rising due to regional climate risks, though the area remains stable compared to high-fire-risk zones.
Washington state continues to see net positive domestic migration, driven by the strong regional tech economy.
Washington is a non-judicial foreclosure state, with a standard notice of default and trustee sale process.
Sellers are required to provide a comprehensive property disclosure statement covering all known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Remlinger Farms4.320 mi
- Sky Zone Trampoline Park4.16.1 mi
- Flying Squirrel Trampoline Park4.45.3 mi
- Seattle Children's Museum4.316.2 mi
- K1 Speed Redmond4.214.8 mi
- T-Mobile Park4.717.8 mi
- Climate Pledge Arena4.516.2 mi
- Lumen Field4.617.6 mi
- Paramount Theatre4.716.4 mi
- Seattle Convention Center | Arch4.416.5 mi
- Marymoor Park4.712.8 mi
- Warren G. Magnuson Park4.711 mi
- Boeing Future of Flight4.56.8 mi
- Green Lake Park4.812.1 mi
- AMC Alderwood Mall 164.32.9 mi
- Pike Place Market4.616.8 mi
- Gas Works Park4.714.3 mi
- Chihuly Garden and Glass4.716.2 mi
- Museum of Pop Culture4.516.1 mi
- Seattle Center4.616.2 mi
- Marymoor Park4.712.8 mi
- Warren G. Magnuson Park4.711 mi
- Green Lake Park4.812.1 mi
- Juanita Beach Park4.69.2 mi
- Carkeek Park4.711.2 mi
- Pier 664.516.8 mi
- Shilshole Bay Marina4.613.7 mi
- Fishermen's Terminal4.614.7 mi
- Elliott Bay Marina Inc4.616.5 mi
- Seattle Yacht Club4.614 mi
- Willows Run Golf Complex410.6 mi
- Jackson Park Golf Course4.18.9 mi
- Bellevue Golf Course4.412.9 mi
- Echo Falls Golf Club4.27 mi
- Nile Shrine Golf Course4.46.2 mi
- Alderwood4.42.6 mi
- University Village4.612.7 mi
- The District at Northgate410.4 mi
- WinCo Foods4.56 mi
- Redmond Town Center4.412.4 mi
- Paine Field4.75.8 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.427.5 mi
- King County International Airport - Boeing Field4.521.2 mi
- Kenmore Air - Lake Union4.615.5 mi
- Kenmore Air - Lake Washington4.55.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive paved trail system popular for walking and cycling.
Major outdoor retail and dining hub serving the local community.
Historic park area with river access and community event space.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).