The story of this market
The typical home in ZIP 98105 sells for about $1,055,000, or $496 per square foot.
Prices are down 11.1% from a year ago, which gives buyers more room to negotiate. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,849 a month.
ZIP 98105 — Seattle
The 98105 housing market is currently experiencing a correction, with median prices down 11.1% year-over-year. While the market remains competitive with a low supply of inventory, the significant price decline reflects broader cooling trends in the Seattle metro area.
This ZIP is ideal for university-affiliated professionals, students, and families seeking proximity to academic institutions and waterfront amenities, though the high price point often limits entry for first-time buyers.
Median prices moved down 11.1% year over year.
Homes spend a median of 16 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 23.7% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98105, 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 Seattle Public Schools district, which maintains a variety of neighborhood and option schools, though specific ratings vary by individual school site.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding in low-lying areas near Lake Washington.
The area is anchored by the University of Washington, which serves as a major economic and employment driver, fostering ongoing demand for academic and research-related housing.
Property taxes are assessed by King County based on local millage rates that include state, county, city, and school district levies; exemptions are available for seniors and disabled veterans.
Residents benefit from proximity to the University of Washington light rail station and major arterial roads like I-5, providing efficient access to Downtown Seattle.
The ZIP features extensive waterfront access along Lake Washington, including Matthews Beach Park and the Burke-Gilman Trail, alongside the vibrant University Village shopping district.
The rental market is heavily influenced by the large student population, resulting in high turnover and consistent demand for multi-family and shared housing units.
The economy is dominated by the University of Washington and associated medical and research facilities, creating a stable employment base.
The area is well-connected via Sound Transit light rail and King County Metro bus routes, facilitating easy transit to the Seattle employment core.
Ongoing development is focused on high-density residential and mixed-use projects near the University District light rail station.
Parcels are subject to Seattle Public Schools levies and various King County utility and flood control district assessments.
Data retrieved from census.gov and Data Commons.
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 Farms4.317.1 mi
- Sky Zone Trampoline Park4.114.5 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.313.6 mi
- Sky Zone Trampoline Park4.18.5 mi
- Round1 Bowling & Arcade413.9 mi
- T-Mobile Park4.75.7 mi
- Climate Pledge Arena4.54.8 mi
- Lumen Field4.65.4 mi
- Paramount Theatre4.74.4 mi
- Topgolf Renton4.111.9 mi
- Space Needle4.64.7 mi
- Pike Place Market4.65 mi
- Woodland Park Zoo4.63.9 mi
- Gas Works Park4.73.3 mi
- The Museum of Flight4.810 mi
- Pike Place Market4.65 mi
- Gas Works Park4.73.3 mi
- The Museum of Flight4.810 mi
- Chihuly Garden and Glass4.74.8 mi
- Museum of Pop Culture4.54.6 mi
- Gas Works Park4.73.3 mi
- Kerry Park4.84.8 mi
- Golden Gardens Park4.76.6 mi
- Discovery Park4.86.9 mi
- Marymoor Park4.76.9 mi
- Pier 664.55.1 mi
- Shilshole Bay Marina4.66.5 mi
- Fishermen's Terminal4.65.2 mi
- Elliott Bay Marina Inc4.66.1 mi
- Seattle Yacht Club4.62.2 mi
- Topgolf Renton4.111.9 mi
- Willows Run Golf Complex45.9 mi
- Interbay Golf Center4.55.3 mi
- Bill Wright Golf Complex At Jefferson Park4.36.8 mi
- Jackson Park Golf Course4.15.1 mi
- Bellevue Square4.54.4 mi
- Pike Place Market4.65 mi
- University Village4.61.4 mi
- Alderwood4.411.7 mi
- Uwajimaya Seattle4.65.2 mi
- Paine Field4.717.1 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.415.1 mi
- King County International Airport - Boeing Field4.58.8 mi
- Kenmore Air - Lake Union4.64 mi
- Kenmore Air - Lake Washington4.56.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major research university and anchor institution for the region.
Open-air shopping center with major retailers and dining.
Large public park on the shores of Lake Washington.
Major regional multi-use trail for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.