Seattle
Washington · Ranked #92 of 102 metros
25Crisis
Median Home Price
🏠$750K
Need $215K income
Median Rent
🔑$2K
Need $82K income
Housing Shortage
📉95,000
units needed
Building Permits
🔨24,000
annual
Median Income
💰$103K
Pop: 4,018,762
Rent Burden
⚠️33.5%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡58.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Seattle | National |
|---|---|---|
| Price-to-Income Ratio | 7.3x | 6.1x |
| Rent Burden | 33.5% | 31.5% |
| Homeownership Rate | 58.0% | 65.5% |
| YoY Price Change | +3.8% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 10.0% | 13.5% |
| Eviction Rate | 2.2% | 3.6% |