The story of this market
The typical home in ZIP 98033 sells for about $1,700,000, or $755 per square foot.
Prices are down 8.4% from a year ago, which gives buyers more room to negotiate. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,458 a month.
ZIP 98033 — Kirkland
The 98033 housing market is experiencing a cooling phase, characterized by a year-over-year decline in median sale prices and increased inventory levels. While the market remains competitive, the shift toward longer days on market and price reductions suggests a transition toward more balanced conditions for buyers.
This ZIP is ideal for high-income professionals and families seeking proximity to major tech employers, waterfront amenities, and top-tier schools, though the high price point limits accessibility for first-time buyers.
Median prices moved down 8.4% year over year.
Homes spend a median of 14 days on market with 4.5 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 6.2% — 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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98033, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the highly-rated Lake Washington School District, which is widely recognized for strong academic performance and college readiness.
The region faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding, with insurance markets reflecting regional wildfire and seismic risk profiles.
Kirkland serves as a major hub for the Eastside tech corridor, benefiting from proximity to major corporate campuses and ongoing mixed-use redevelopment in the downtown waterfront area.
Property taxes are assessed by King County based on local levies; Washington State does not impose a personal income tax, though commercial properties are subject to state business and occupation taxes.
Residents benefit from proximity to I-405 and SR-520, providing direct access to Bellevue and Seattle employment centers, with transit options including regional bus service.
The ZIP features extensive waterfront access along Lake Washington, including Marina Park and Houghton Beach, alongside numerous community parks, trails, and proximity to downtown Kirkland's shopping and dining district.
The rental market has seen recent downward pressure on pricing, with a significant year-over-year decline in median rents, suggesting increased vacancy or a shift in tenant demand.
The economy is anchored by the technology sector, with significant presence from major global tech firms and a robust ecosystem of professional services and retail.
The area is well-connected via the I-405 corridor and SR-520, facilitating regional transit, though traffic congestion remains a primary concern for commuters.
Ongoing urban infill and mixed-use projects continue to reshape the downtown and transit-oriented corridors within the ZIP.
Parcels are subject to Lake Washington School District levies and various local utility and fire district assessments.
Property insurance premiums are influenced by regional hazard exposure, including seismic and wind risks common to the Puget Sound area.
Data retrieved from US Census Bureau ZCTA profiles.
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 Farms4.313.7 mi
- Sky Zone Trampoline Park4.115.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.314.3 mi
- Sky Zone Trampoline Park4.19.6 mi
- Round1 Bowling & Arcade414.7 mi
- T-Mobile Park4.78.4 mi
- Climate Pledge Arena4.58.2 mi
- Lumen Field4.68.2 mi
- Paramount Theatre4.77.5 mi
- Topgolf Renton4.112 mi
- Space Needle4.68 mi
- Pike Place Market4.68.1 mi
- Woodland Park Zoo4.67.4 mi
- Gas Works Park4.76.8 mi
- Kerry Park4.88.3 mi
- Pike Place Market4.68.1 mi
- Gas Works Park4.76.8 mi
- The Museum of Flight4.811.5 mi
- Chihuly Garden and Glass4.78.1 mi
- Museum of Pop Culture4.58 mi
- Gas Works Park4.76.8 mi
- Kerry Park4.88.3 mi
- Golden Gardens Park4.79.9 mi
- Discovery Park4.810.5 mi
- Marymoor Park4.73.4 mi
- Pier 664.58.3 mi
- Shilshole Bay Marina4.69.9 mi
- Fishermen's Terminal4.68.8 mi
- Elliott Bay Marina Inc4.69.6 mi
- Seattle Yacht Club4.65.6 mi
- Topgolf Renton4.112 mi
- Willows Run Golf Complex42.5 mi
- Interbay Golf Center4.58.8 mi
- Bill Wright Golf Complex At Jefferson Park4.38.9 mi
- Jackson Park Golf Course4.17.1 mi
- Bellevue Square4.53.7 mi
- Pike Place Market4.68.1 mi
- University Village4.65 mi
- Alderwood4.411.8 mi
- Uwajimaya Seattle4.68 mi
- Paine Field4.717 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.416.4 mi
- King County International Airport - Boeing Field4.510.5 mi
- Kenmore Air - Lake Union4.67.4 mi
- Kenmore Air - Lake Washington4.56.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Waterfront park featuring boat docks and views of Lake Washington.
Popular swimming beach and recreational area on the lake.
Central district with high-end retail, galleries, and waterfront dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.