Renting in Seattle costs about $1,895 a month, and the typical home is listed at $820,000. That puts the price-to-rent ratio at 36.1: a typical home costs as much as 36.1 years of rent.
Seattle now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,895/mo | $1,260/mo |
| Typical list price | $820,000 | $863,000 |
| Price-to-rent ratio | 36.1 | — |
Rent is projected at -7.8% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-4.0%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+4.6% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 98115 | $1,995/mo | 228 | $874,000 | 330 |
| 98103 | $2,150/mo | 456 | $839,999 | 376 |
| 98118 | $2,245/mo | 159 | $695,000 | 268 |
| 98105 | $1,600/mo | 373 | $1,000,000 | 179 |
| 98125 | $1,702/mo | 219 | $739,000 | 244 |
| 98122 | $1,792/mo | 430 | $799,900 | 234 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 6 of Seattle's 25 ZIP codes (the most populous, home to 42% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Seattle, WA?
Typical asking rent is $1,895 a month, across 1,865 active rental listings in 6 ZIP codes.
How much do homes cost in Seattle, WA?
The typical list price is $820,000, across 1,631 active sale listings in 6 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Seattle, WA?
About 36.1: the typical list price equals 36.1 years of typical rent. The higher the ratio, the more buying costs relative to renting.