Seattle has modified a lot over the previous few a long time that individuals in 1980 would not even acknowledge it immediately. Seattle’s inhabitants progress through the years has been staggering. Seattle’s inhabitants has grown by 52.9% from 493,846 in 1980 to 755,078 by 2023. Seattle was already a outstanding aerospace and protection metropolis throughout the Chilly Struggle. However due to the PC revolution, the dot-com growth, and Net 2.0, Seattle’s progress not solely recovered from the top of the Chilly Struggle, however accelerated.
Coupled with inhabitants progress, an enormous financial growth occurred, which continued regardless of its ups and downs. This financial growth, in flip, led to an enormous enhance in wealth, and the indicators had been in every single place, from rising incomes to hovering costs. household values enhance earnings inequality. Not too long ago, we have been analyzing ZIP codes by way of house costs to find out that are the costliest in every state. This time we’ll be taking a look at Seattle and its zip codes. Learn on to search out out. most costly postal code Seattle space information for 2024 utilizing information from Zillow’s Residence Worth Index.
Beneath are Seattle’s most costly zip codes.
Prime 5 Most Costly ZIP Codes in Seattle
ZIP code 98112 ranks #1 most costly postal code In Seattle. In case you are driving west on the Evergreen Level Floating Bridge, you’ll cross to the north aspect of this zip code. Notable neighborhoods included in 98112 embrace Stevens, Washington Park, Montlake, and Foster Island. Residence values right here had been already excessive earlier than the pandemic, they usually had been solely going to get larger. As of September 2019, the median house worth was roughly $1.1 million. 5 years later, the median worth elevated by 23.9% to almost $1.363 million by September 2024. 12 months-over-year progress was 2.4%. ZIP code 98112 has the very best earnings in Washington State, with a median family earnings of $153,204 and a median earnings of $256,059.
The second most costly zip code in Seattle is 98199 within the far west. We cowl places like Lawton Park, Briarcliff, Magnolia, and Discovery Park. ZIP code 98199, with a median house worth of just below $1.2 million, noticed the most important enhance in house values of the highest 5 most costly ZIP codes, growing 31.2% from September 2019 to September 2024. did. The median family earnings in 98199 is $168,132. The median family earnings is $205,611, one of many highest within the state. Extremely, greater than two-fifths of households earn greater than $200,000 a 12 months.
98105 is the third most costly zip code in Seattle. Most of Seattle College is roofed. washingtoncampus, together with Husky Stadium. This zip code covers areas such because the College District, College Heights, and Laurelhurst. Houses alongside Lake Washington, particularly, are among the most costly in Seattle. The median house worth in 98105 is roughly $1,145,000, a rise of twenty-two.9% over the previous 5 years from $931,791 in September 2019. Earnings in zip code 98105 may be very inconsistently distributed. Median family earnings is $75,214, which isn’t very excessive. However the common family earnings is $155,790, greater than twice the median. And importantly, greater than 1 / 4 of households earn greater than $200,000, whereas 38.3% earn lower than $50,000.
The fourth most costly zip code in Seattle is 98115. This zip code is simply north of the primary most costly zip code. Masking Inexperienced Lake to the west and the shores of Lake Washington to the west, zip code 98115 is a extremely coveted housing market. It covers neighborhoods like Roosevelt, Wedgwood, Maple Leaf, and Matthews Seaside Park within the Northeast. This postcode has seen some very spectacular house worth will increase. The median house worth in September 2019 was $792,013, growing by 30.3% to $1,132,000 in September 2024.
The fifth most costly zip code in Seattle is 98119. It’s west of Interstate 5 and runs north-south from the Lake Washington Canal to Elliott Bay. Close by areas embrace West Queen Anne, North Queen Anne, and Interbay. 5 years in the past, homes had been costly, however nonetheless below $1 million. However that is not true, and the median house worth in zip code 98119 is properly over $1,029,000 as of September 2024. The 12-month common house worth is about the identical excessive, at $1.024 million. Incomes in 98119 are very excessive, with a median family earnings of $112,865 and a median family earnings of $170,519.
