The story of this market
The typical home in ZIP 98051 sells for about $883,595, or $385 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,727 a month.
ZIP 98051 — Ravensdale
The 98051 housing market remains stable with high median home values driven by low inventory and demand for semi-rural living. While the broader Seattle market shows signs of cooling, this ZIP maintains resilience due to its limited supply of single-family homes. Buyers should expect competitive conditions for well-priced properties, though the market is no longer seeing the rapid appreciation of previous years.
This ZIP is best suited for family buyers and those seeking a semi-rural lifestyle who are willing to commute to major employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 36 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 1.3% — 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 7.8%/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 6.7%/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 98051, 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.
Schools serving the area are generally rated as average to above-average within the regional context.
The area is subject to standard Pacific Northwest wildfire and wind risks, with insurance premiums reflecting regional hazard exposure.
Development is characterized by low-density residential expansion with proximity to major employment hubs in the Seattle-Bellevue corridor.
Property taxes are assessed by King County based on local millage rates, which include state, county, and school district levies.
Commutes are primarily car-dependent, with residents typically driving to employment centers in Kent, Renton, or Bellevue.
The area features significant access to outdoor recreation, including Lake Retreat, regional hiking trails, and local parklands.
The rental market is characterized by low vacancy pressure and a mix of single-family home rentals, with limited multi-family inventory.
The local economy is tied to the broader King County labor market, with major employment sectors including technology, aerospace, and logistics.
Transportation is heavily reliant on private vehicles, with limited public transit infrastructure serving this semi-rural area.
Development is primarily focused on low-density residential infill and custom home construction.
The King County Assessor's office conducts annual property valuations based on market sales data.
Parcels are subject to various special districts, including fire protection, water, and school districts.
Property insurance premiums are influenced by regional wildfire risk and the high cost of construction in the Pacific Northwest.
Washington is a non-judicial foreclosure state with specific notice requirements for lenders.
Sellers are required to provide a comprehensive property disclosure statement regarding the condition of the home.
Data retrieved from data.census.gov ZCTA-level 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.
- Sky Zone Trampoline Park4.119.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.319.4 mi
- Round1 Bowling & Arcade419.8 mi
- Dave & Buster's3.917.2 mi
- Arena Sports Issaquah4.217.7 mi
- Topgolf Renton4.119.1 mi
- White River Amphitheatre4.112.6 mi
- accesso ShoWare Center4.517.3 mi
- Emerald Downs4.516.8 mi
- Sky Zone Trampoline Park4.119.3 mi
- Twin Falls Trailhead4.711.8 mi
- Tahoma National Cemetery4.710.8 mi
- Flaming Geyser State Park4.57.7 mi
- Lake Wilderness Park4.78.2 mi
- Kanaskat-Palmer State Park4.71.5 mi
- Northwest Railway Museum, Snoqualmie Depot4.514 mi
- Pacific Bonsai Museum4.819.9 mi
- Carco Theatre4.518.1 mi
- Northwest Railway Museum, North Bend Depot4.412.2 mi
- Northwest Railway Museum, Train Shed Exhibit Hall4.513.1 mi
- Rattlesnake Ledge Trailhead4.88.9 mi
- Twin Falls Trailhead4.711.8 mi
- Flaming Geyser State Park4.57.7 mi
- Lake Wilderness Park4.78.2 mi
- Kanaskat-Palmer State Park4.71.5 mi
- Washington National Golf Club4.112.8 mi
- Druid's Glen Golf Club4.18.7 mi
- Lake Wilderness Golf Course48.4 mi
- Enumclaw Golf Course4.110 mi
- North Bend Premium Outlets4.211.8 mi
- Fred Meyer4.36.9 mi
- Fred Meyer4.211.3 mi
- Safeway411.6 mi
- Marshalls & HomeGoods4.311.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.421.2 mi
- King County International Airport - Boeing Field4.524.5 mi
- Kenmore Air - Lake Union4.629.8 mi
- The Club SEA2.721.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A primary local water feature providing recreational opportunities.
Community park serving the local population with green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.