The story of this market
The typical home in ZIP 98117 sells for about $1,028,100, or $666 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 15 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,178 a month.
ZIP 98117 — Seattle
The 98117 housing market remains resilient despite a slight year-over-year price correction, reflecting broader Seattle trends of cooling demand. High median home values and low inventory continue to support price stability, though buyers are finding more leverage than in previous years. The area remains highly desirable due to its unique waterfront character and strong local amenities.
This ZIP is ideal for established families and professionals who value proximity to the waterfront and a vibrant, walkable urban village atmosphere. It is less suited for those seeking entry-level pricing due to the high median home values.
Median prices moved down 2.8% year over year.
Homes spend a median of 15 days on market with 3.2 months of supply — a fast-moving market.
20% 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 2.5% · poverty 4.6% — 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 7.3%/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 5.8%/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 98117, 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 in the Ballard and Loyal Heights area is generally consistent with urban Seattle trends, with property crime being the primary concern. Residents typically experience moderate safety levels compared to the broader city center.
The area is served by Seattle Public Schools, which generally maintains high academic standards and strong community engagement. Schools like Ballard High and North Beach Elementary are well-regarded within the district.
The area faces minimal wildfire risk but is subject to standard Pacific Northwest seismic and wind event considerations. Flood risk is primarily localized to low-lying coastal areas near the Puget Sound.
Economic momentum is driven by proximity to Seattle's major tech hubs and the Ballard maritime industrial district. Infrastructure improvements focus on transit connectivity and urban density in the surrounding neighborhoods.
Property taxes are assessed by King County based on market value, with rates determined by local levies and state school funding requirements. No state income tax applies, but local sales and utility taxes are standard.
Commuters typically utilize the RapidRide D Line or drive via 15th Ave NW to reach downtown Seattle. The commute is highly dependent on traffic congestion along major arterial corridors.
The ZIP features extensive access to the Puget Sound waterfront, Golden Gardens Park, and the Ballard Locks. Shopping and dining are concentrated in the historic Ballard Avenue district.
The rental market is competitive with a high demand for 1-bedroom units. Vacancy rates remain low due to the area's popularity with young professionals and proximity to major employers.
The economy is anchored by the maritime industry, local retail, and proximity to Seattle's broader tech and healthcare sectors. Employment is diverse with a strong focus on small business and professional services.
Served by King County Metro with frequent bus service to downtown. Major corridors include 15th Ave NW and Leary Ave NW.
Ongoing urban infill projects focus on multi-family residential developments along major transit corridors. The Ballard Link light rail project remains the most significant long-term infrastructure focus.
Parcels are subject to Seattle Public Schools and King County taxing districts. No major MUDs or PIDs are present.
Standard property insurance market with typical Pacific Northwest hazard coverage. Premiums are stable but reflect regional seismic and water-damage risks.
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.
- Sky Zone Trampoline Park4.117.6 mi
- Sky Zone Trampoline Park4.16.9 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.316.9 mi
- Round1 Bowling & Arcade417 mi
- Seattle Children's Museum4.35.1 mi
- T-Mobile Park4.77.3 mi
- Climate Pledge Arena4.55 mi
- Lumen Field4.67.1 mi
- Paramount Theatre4.75.9 mi
- Topgolf Renton4.115.9 mi
- Space Needle4.65.1 mi
- Pike Place Market4.66 mi
- Woodland Park Zoo4.62.2 mi
- Gas Works Park4.73.9 mi
- Kerry Park4.84.4 mi
- Pike Place Market4.66 mi
- Gas Works Park4.73.9 mi
- The Museum of Flight4.812.6 mi
- Chihuly Garden and Glass4.75.1 mi
- Museum of Pop Culture4.55.1 mi
- Gas Works Park4.73.9 mi
- Kerry Park4.84.4 mi
- Golden Gardens Park4.71 mi
- Discovery Park4.82.6 mi
- Marymoor Park4.712.3 mi
- Pier 664.55.7 mi
- Shilshole Bay Marina4.61.1 mi
- Fishermen's Terminal4.62.5 mi
- Elliott Bay Marina Inc4.64.2 mi
- Seattle Yacht Club4.64.7 mi
- Willows Run Golf Complex410.9 mi
- Interbay Golf Center4.53.3 mi
- Bill Wright Golf Complex At Jefferson Park4.39.3 mi
- Jackson Park Golf Course4.14 mi
- Bellevue Golf Course4.411 mi
- Bellevue Square4.59.8 mi
- Pike Place Market4.66 mi
- University Village4.64.4 mi
- Alderwood4.411 mi
- Uwajimaya Seattle4.67 mi
- Paine Field4.715.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.417.5 mi
- King County International Airport - Boeing Field4.511.3 mi
- Kenmore Air - Lake Union4.64.8 mi
- Kenmore Air - Lake Washington4.57.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular beach park with views of the Olympic Mountains.
Historic site connecting Puget Sound to the Ship Canal.
Historic district known for boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.