How much is a home worth in ZIP code 98005?

The typical home in 98005 is worth $1,630,009, based on the Zillow Home Value Index.

Are home values rising in 98005?

Home values in 98005 are down 1.9% over the past year, and up 6.1% a year over five years.

What is the typical rent in 98005?

A typical home in 98005 rents for about $2,603 a month, a gross rental yield of 1.9%.

What is the property tax rate in 98005?

The effective property tax rate in 98005 is 0.7% — roughly $11,412 a year on a typical home.

ZIP code 98005 has a population of 21,846 and a median household income of $160,849.

HousingHandbookReference data

…

U.S. ZIP Code · WA98005

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$1,630,009^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.9%
5-year / yr: +6.1%
10-year / yr: +8.3%

Relative price

vs U.S.: +473.8%
vs metro: +137.6%
vs state: +223.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98005 is worth $1,630,009 — 137.6% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 1.9%. Homes here rent for a typical $2,603 a month — a 1.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,603^[2]
Gross yield: 1.9%^[2]
Cap rate: 1.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $11,412^[3]

#Climate risk

FEMA National Risk Index ratings for King County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Very High
Winter weather: Relatively High

#Who lives here

Population: 21,846^[3]
Median household income: $160,849^[3]

#Migration

Household moves in and out of King County over a year, from IRS tax-return data.

Net migration: -1,324^[5]
Moved in: 67,282
Moved out: 68,606

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 3
Middle: 0
High: 3

Sammamish Senior High
High · Grades 9–12 · Bellevue School District
1,332 students
International School
High · Grades 6–12 · Bellevue School District
597 students
Cherry Crest Elementary School
Elementary · Grades PK–5 · Bellevue School District
564 students
Woodridge Elementary
Elementary · Grades K–5 · Bellevue School District
559 students
Jing Mei Elementary School
Elementary · Grades PK–5 · Bellevue School District
545 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield1.9%

Net yield (after ~40% expenses)1.1%

Annual rent$31,231

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$8,242

Loan principal$1,304,007

Down payment$326,002

Total interest paid$1,663,189

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio4.05

Monthly cost to own$10,551

Monthly rent$2,603

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 97th percentile^[1]
Rental yield: 2nd percentile^[2]
Property tax: 17th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98005?: The typical home in 98005 is worth $1,630,009, based on the Zillow Home Value Index.
Are home values rising in 98005?: Home values in 98005 are down 1.9% over the past year, and up 6.1% a year over five years.
What is the typical rent in 98005?: A typical home in 98005 rents for about $2,603 a month, a gross rental yield of 1.9%.
What is the property tax rate in 98005?: The effective property tax rate in 98005 is 0.7% — roughly $11,412 a year on a typical home.
Who lives in 98005?: ZIP code 98005 has a population of 21,846 and a median household income of $160,849.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

98074 vs 98005 →
Sammamish, WA
Typical home
$1,626,741
Gross yield
2.6%
98033 vs 98005 →
Kirkland, WA
Typical home
$1,676,662
Gross yield
2.0%
98006
Bellevue, WA
Typical home
$1,705,845
Gross yield
2.6%
98077
Cottage Lake CDP, WA
Typical home
$1,536,698
Gross yield
—
98053
Union Hill-Novelty Hill CDP, WA
Typical home
$1,477,571
Gross yield
2.0%
98050
WA
Typical home
$1,452,344
Gross yield
—

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#Jump to section

U.S. ZIP Code · WA98005

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