Investor-grade market analytics for Seattle-Tacoma-Bellevue, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$729,789
-1.5% year-over-year
3.6%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Seattle-Tacoma-Bellevue, WA is experiencing a correction with -1.5% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 6.48x well exceeds the national average of 4.8x. Net negative migration (-3,069 returns/year) is reducing housing demand pressure. Climate risk is elevated (77/100), which may impact insurance costs and long-term property values. Rental yield of 3.59% 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.