The story of this market
The typical home in ZIP 98028 sells for about $824,950, or $450 per square foot.
Prices are down 12.5% from a year ago, which gives buyers more room to negotiate. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,510 a month.
ZIP 98028 — Kenmore
The 98028 housing market is currently experiencing a correction, with median sale prices declining 12.5% year-over-year to $825,000. Increased days on market and a competitive but cooling environment suggest buyers are exercising more caution. Rental market data is not explicitly published for this ZIP, and other metrics like specific tax rates and vacancy rates are not available.
This ZIP is well-suited for family buyers and commuters seeking proximity to Seattle and Bellevue employment centers while maintaining access to waterfront amenities.
Median prices moved down 12.5% year over year.
Homes spend a median of 27 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 98028, King County WA
The area is served by the Northshore School District, which is generally characterized as high-performing within the region.
Kenmore benefits from its proximity to major Seattle-area employment hubs and ongoing residential development along the northern shore of Lake Washington.
Property taxes are assessed by King County based on local millage rates; specific ZIP-level effective tax rates are not published.
Residents primarily commute via SR 522 toward Seattle, Bellevue, and Bothell, with transit options including local bus service and proximity to regional hubs.
The area features significant access to Lake Washington, including Kenmore Boat Harbor and various waterfront parks, alongside local trail systems and shopping centers.
The market exhibits a high price-to-rent ratio of 35.1, making cash-flow challenging for investors in a tenant-protective regulatory environment.
The local economy is integrated into the broader Seattle-Tacoma-Bellevue metropolitan area, with a mix of professional services, technology, and retail sectors.
The area is served by SR 522, providing a primary corridor for commuters heading toward Seattle and the Eastside employment centers.
Development activity is focused on residential infill and mixed-use projects near the city center and along the Lake Washington waterfront.
Parcels are primarily served by the Northshore School District and various King County utility and fire districts.
Data sourced from US Census Bureau and ZCTA-level ACS tables.
- Remlinger Farms4.317.5 mi
- Sky Zone Trampoline Park4.14.1 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.319.4 mi
- Round1 Bowling & Arcade419.8 mi
- Flying Squirrel Trampoline Park4.411.7 mi
- T-Mobile Park4.711.5 mi
- Climate Pledge Arena4.510 mi
- Lumen Field4.611.2 mi
- Paramount Theatre4.710.1 mi
- Seattle Convention Center | Arch4.410.2 mi
- Space Needle4.610 mi
- Pike Place Market4.610.5 mi
- Woodland Park Zoo4.67.4 mi
- Gas Works Park4.78.1 mi
- Kerry Park4.89.7 mi
- Pike Place Market4.610.5 mi
- Gas Works Park4.78.1 mi
- The Museum of Flight4.815.9 mi
- Chihuly Garden and Glass4.710 mi
- Museum of Pop Culture4.59.9 mi
- Gas Works Park4.78.1 mi
- Kerry Park4.89.7 mi
- Golden Gardens Park4.78.3 mi
- Discovery Park4.810 mi
- Marymoor Park4.78.1 mi
- Pier 664.510.6 mi
- Shilshole Bay Marina4.68.6 mi
- Fishermen's Terminal4.69 mi
- Elliott Bay Marina Inc4.610.6 mi
- Seattle Yacht Club4.67.6 mi
- Willows Run Golf Complex45.8 mi
- Interbay Golf Center4.59.5 mi
- Jackson Park Golf Course4.13.6 mi
- Bellevue Golf Course4.47.5 mi
- Bill Wright Golf Complex At Jefferson Park4.312.8 mi
- Bellevue Square4.59.2 mi
- Pike Place Market4.610.5 mi
- Alderwood4.46 mi
- University Village4.66.4 mi
- Uwajimaya Seattle4.611 mi
- Paine Field4.711.3 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.421.1 mi
- King County International Airport - Boeing Field4.514.7 mi
- Kenmore Air - Lake Union4.69.3 mi
- Kenmore Air - Lake Washington4.51 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational hub on the northern shore of Lake Washington.
A large state park featuring extensive hiking trails and historic architecture.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).