Investor-grade market analytics for Seattle-Tacoma-Bellevue, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$745,263
-1.8% year-over-year
3.6%
gross annual
-5.9%
base case (Zillow ZHVF)
-5.9% year-over-year
Migration: Top 2% nationally
In-migrants avg $99,222 AGI vs out-migrants $122,015
Opportunity Zone Market
32 ZIP codes in Seattle-Tacoma-Bellevue are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Seattle-Tacoma-Bellevue, WA is experiencing a correction with -1.8% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 6.62x well exceeds the national average of 4.8x. Strong net positive migration (+3,458 returns/year) reflects sustained population inflows driving housing demand. Climate risk is elevated (77/100), which may impact insurance costs and long-term property values. Rental yield of 3.65% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
Seattle-Tacoma-Bellevue, WA's primary climate exposure is flooding (77/100). The composite climate risk score of 77/100 (High) indicates overall risk which may increase insurance premiums and impact property values over time. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.