The story of this market
The typical home in ZIP 98198 sells for about $598,375, or $389 per square foot.
Prices are down 1.3% from a year ago, which gives buyers more room to negotiate. Homes take about 8 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,814 a month.
ZIP 98198 — SeaTac
The 98198 housing market is showing signs of stabilization as inventory levels remain tight and demand persists despite broader regional cooling. While median prices have seen a slight year-over-year dip, the market remains competitive with short days-on-market figures, driven by its strategic location near major employment hubs.
This ZIP is well-suited for commuters and airport-sector employees seeking a balance between urban access and waterfront amenities, as well as families looking for more attainable price points than central Seattle.
Median prices moved down 1.3% year over year.
Homes spend a median of 8 days on market with 1.5 months of supply — a fast-moving market.
15% 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 7.2% · poverty 12.9% — 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 7.0%/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
in-migration and out-migration balanced
ZCTA 98198, 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 the area are generally consistent with regional patterns in the South King County corridor, with localized variations in property crime rates.
Schools serving the area are part of the Highline School District, which provides a diverse range of educational programs and is currently undergoing facility modernization.
The area is subject to standard Pacific Northwest seismic risks and localized flood zones near coastal Des Moines, with insurance premiums reflecting regional wildfire and wind exposure.
Economic momentum is driven by proximity to Seattle-Tacoma International Airport and ongoing mixed-use redevelopment along the Des Moines waterfront and transit corridors.
Property taxes are assessed by King County based on local millage rates, which include state, county, city, and school district levies; no state income tax applies.
Residents benefit from proximity to I-5 and SR 509, providing direct access to the Seattle and Tacoma employment cores, with light rail options available in neighboring SeaTac.
The area features significant waterfront access at Des Moines Beach Park, numerous community trails, and proximity to regional golf courses and shopping centers.
The rental market is characterized by high demand due to airport-related employment, with a mix of older apartment stock and newer transit-oriented developments.
The economy is heavily anchored by the aviation and logistics sectors centered around Seattle-Tacoma International Airport, supplemented by regional retail and service industries.
The area is served by major highway corridors including I-5 and SR 509, with regional bus connectivity and proximity to the Sound Transit Link Light Rail.
Development is focused on transit-oriented density and waterfront revitalization projects aimed at increasing housing supply and commercial activity.
Parcels are subject to Highline School District levies and various utility district assessments for water and sewer services.
Property insurance premiums are influenced by regional wildfire risk and coastal flood exposure, with standard market availability.
Data retrieved from US Census Bureau 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.
- Wild Waves Theme and Water Park3.98.5 mi
- Sky Zone Trampoline Park4.14.7 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.35.7 mi
- Round1 Bowling & Arcade45.1 mi
- Dave & Buster's3.97.4 mi
- T-Mobile Park4.713.5 mi
- Climate Pledge Arena4.515.7 mi
- Lumen Field4.613.8 mi
- Washington State Fair Event Center4.314.7 mi
- Paramount Theatre4.715 mi
- Westfield Southcenter4.45 mi
- The Museum of Flight4.88.5 mi
- Point Defiance Zoo & Aquarium4.511.7 mi
- Seward Park4.810.9 mi
- Gene Coulon Memorial Beach Park4.69.2 mi
- Pike Place Market4.614.8 mi
- Gas Works Park4.717.2 mi
- The Museum of Flight4.88.5 mi
- Chihuly Garden and Glass4.715.6 mi
- Museum of Pop Culture4.515.6 mi
- Seward Park4.810.9 mi
- Gene Coulon Memorial Beach Park4.69.2 mi
- Lincoln Park4.810.1 mi
- Kubota Garden4.78.3 mi
- Point Defiance Park4.711.8 mi
- City of Des Moines Marina4.50.9 mi
- Des Moines Beach4.81.1 mi
- Topgolf Renton4.18.4 mi
- Bill Wright Golf Complex At Jefferson Park4.311.8 mi
- The Golf Club at Newcastle4.412.4 mi
- Washington National Golf Club4.19.7 mi
- Maplewood Golf Course4.38.7 mi
- Westfield Southcenter4.45 mi
- The Outlet Collection Seattle4.27.5 mi
- WinCo Foods4.44.5 mi
- Kent Station Shopping Center4.43.6 mi
- Fred Meyer4.15.5 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.43.3 mi
- King County International Airport - Boeing Field4.59.7 mi
- Kenmore Air - Lake Union4.616.1 mi
- Kenmore Air - Lake Washington4.525 mi
- The Club SEA2.73 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic waterfront park with beach access and trails.
Central hub for local dining and retail in Des Moines.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.