The story of this market
The typical home in ZIP 98055 sells for about $563,000, or $305 per square foot.
Prices are up +1.68% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $2,210 a month.
ZIP 98055 — Renton
The 98055 housing market remains competitive, characterized by steady demand and a median listing price of $563,000. While inventory remains tight, the market is showing signs of stabilization as buyers adjust to current interest rate environments. Sustained interest from both families and commuters continues to support price growth, albeit at a more moderate pace than in previous years.
This ZIP is well-suited for commuters and families seeking a balance between affordability and access to the Seattle-Bellevue job market. It also attracts renters looking for proximity to major employment hubs without the premium costs of the urban core.
Median prices moved up 1.7% year over year.
Homes spend a median of 30 days on market with 2.5 months of supply — a fast-moving market.
14% 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 5.2% · poverty 8.0% — 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 6.3%/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 6.4%/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 98055, 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.
Crime trends in Renton are generally consistent with regional averages for the Seattle metropolitan area, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address safety concerns in residential neighborhoods.
Schools serving the 98055 area are part of the Renton School District, which offers a diverse range of educational programs. Performance ratings vary by individual school, with many institutions focusing on STEM and vocational training initiatives.
The area is subject to standard Pacific Northwest climate risks, including potential for windstorms and localized flooding in low-lying areas near water bodies. Property insurance remains stable but reflects regional wildfire and seismic risk factors common to King County.
Renton serves as a major employment hub, anchored by significant aerospace and manufacturing operations. Infrastructure development continues to focus on improving transit connectivity to the broader Seattle-Bellevue economic corridor.
Property taxes are assessed by King County based on the property's fair market value, with rates determined by local levies and state requirements. There are no state-level personal income taxes, though commercial properties are subject to state business and occupation taxes.
Residents benefit from proximity to I-405 and SR-167, providing direct access to major employment centers in Seattle, Bellevue, and Kent. Public transit options include regional bus services and proximity to the Sounder commuter rail line.
The area features extensive access to outdoor amenities, including the Cedar River Trail, Gene Coulon Memorial Beach Park on Lake Washington, and several local golf courses. Shopping and dining are concentrated in the Renton Landing and downtown districts.
The rental market in 98055 is characterized by sustained demand, driven by its central location and relative affordability compared to Seattle proper. Vacancy rates remain low, and the area sees a mix of long-term residential rentals and some investor-owned multi-family properties.
The local economy is heavily influenced by the aerospace industry, with major facilities nearby, alongside a growing healthcare and retail sector. The area benefits from its strategic location within the Seattle-Tacoma-Bellevue metropolitan statistical area.
The area is served by a robust network of highways including I-405 and SR-167, facilitating regional transit. Public transportation is provided by King County Metro and Sound Transit, connecting residents to major employment hubs.
Development efforts are focused on transit-oriented projects near the downtown core and the expansion of mixed-use residential housing to accommodate population growth.
Parcels in this ZIP are subject to various special districts, including the Renton School District, King County Library System, and local fire and utility districts.
Property insurance premiums in the region are influenced by wildfire risk assessments and seismic activity, with most carriers maintaining standard coverage options for homeowners.
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 Farms4.318.7 mi
- Wild Waves Theme and Water Park3.914 mi
- Sky Zone Trampoline Park4.12.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.31.8 mi
- Round1 Bowling & Arcade42.4 mi
- T-Mobile Park4.710.7 mi
- Climate Pledge Arena4.513 mi
- Lumen Field4.610.9 mi
- Paramount Theatre4.712 mi
- Washington State Fair Event Center4.319.7 mi
- Space Needle4.612.8 mi
- Pike Place Market4.612 mi
- Westfield Southcenter4.42.5 mi
- The Museum of Flight4.85.8 mi
- Seattle Aquarium4.311.9 mi
- Pike Place Market4.612 mi
- Gas Works Park4.714 mi
- The Museum of Flight4.85.8 mi
- Chihuly Garden and Glass4.712.9 mi
- Museum of Pop Culture4.512.9 mi
- Seward Park4.86.5 mi
- Olympic Sculpture Park4.512.7 mi
- Bellevue Downtown Park4.810.4 mi
- Bellevue Botanical Garden4.710.2 mi
- Washington Park Arboretum4.812.7 mi
- Mercer Island Beach Club4.54.5 mi
- City of Des Moines Marina4.57.2 mi
- Seattle Boat Company - Newport4.87.9 mi
- Newport Yacht Club4.67.8 mi
- Lakewood Marina4.47.6 mi
- Topgolf Renton4.12.3 mi
- Bill Wright Golf Complex At Jefferson Park4.38.6 mi
- The Golf Club at Newcastle4.45.8 mi
- Maplewood Golf Course4.32.1 mi
- Washington National Golf Club4.111 mi
- Bellevue Square4.510.6 mi
- Pike Place Market4.612 mi
- Westfield Southcenter4.42.5 mi
- Uwajimaya Seattle4.610.9 mi
- The Outlet Collection Seattle4.211.5 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.44.6 mi
- King County International Airport - Boeing Field4.56.9 mi
- Kenmore Air - Lake Union4.613.1 mi
- Kenmore Air - Lake Washington4.520.5 mi
- The Club SEA2.74.8 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 waterfront park on Lake Washington offering swimming, boating, and picnic areas.
A large mixed-use lifestyle center featuring retail, restaurants, and entertainment venues.
A scenic paved trail popular for cycling and walking that connects the area to regional networks.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.