How much is a home worth in ZIP code 98011?

The typical home in 98011 is worth $1,065,249, based on the Zillow Home Value Index.

Are home values rising in 98011?

Home values in 98011 are down 4.4% over the past year, and up 5.6% a year over five years.

What is the typical rent in 98011?

A typical home in 98011 rents for about $2,266 a month, a gross rental yield of 2.6%.

What is the property tax rate in 98011?

The effective property tax rate in 98011 is 0.7% — roughly $7,634 a year on a typical home.

ZIP code 98011 has a population of 28,963 and a median household income of $131,667.

HousingHandbookReference data

…

U.S. ZIP Code · WA98011

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$1,065,249^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.4%
5-year / yr: +5.6%
10-year / yr: +7.9%

Relative price

vs U.S.: +275.0%
vs metro: +55.3%
vs state: +111.7%

Price history

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

The typical home in 98011 is worth $1,065,249 — 55.3% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 4.4%. Homes here rent for a typical $2,266 a month — a 2.6% 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: $2,266^[2]
Gross yield: 2.6%^[2]
Cap rate: 1.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $7,634^[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: 28,963^[3]
Median household income: $131,667^[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: 5
Middle: 1
High: 2

Bothell High School
High · Grades 9–12 · Northshore School District
1,766 students
Northshore Middle School
Middle · Grades 6–8 · Northshore School District
846 students
Woodmoor Elementary
Elementary · Grades PK–5 · Northshore School District
659 students
Maywood Hills Elementary
Elementary · Grades PK–5 · Northshore School District
506 students
Woodin Elementary
Elementary · Grades PK–5 · Northshore School District
481 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 yield2.6%

Net yield (after ~40% expenses)1.5%

Annual rent$27,195

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$5,386

Loan principal$852,199

Down payment$213,050

Total interest paid$1,086,933

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 ratio3.05

Monthly cost to own$6,913

Monthly rent$2,266

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: 89th percentile^[1]
Rental yield: 12th percentile^[2]
Property tax: 24th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98011?: The typical home in 98011 is worth $1,065,249, based on the Zillow Home Value Index.
Are home values rising in 98011?: Home values in 98011 are down 4.4% over the past year, and up 5.6% a year over five years.
What is the typical rent in 98011?: A typical home in 98011 rents for about $2,266 a month, a gross rental yield of 2.6%.
What is the property tax rate in 98011?: The effective property tax rate in 98011 is 0.7% — roughly $7,634 a year on a typical home.
Who lives in 98011?: ZIP code 98011 has a population of 28,963 and a median household income of $131,667.

#Comparable ZIPs

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

98296 vs 98011 →
Maltby CDP, WA
Typical home
$1,067,941
Gross yield
—
98115 vs 98011 →
Seattle, WA
Typical home
$1,073,855
Gross yield
2.5%
98028
Kenmore, WA
Typical home
$1,056,115
Gross yield
2.6%
98333
Fox Island CDP, WA
Typical home
$1,077,287
Gross yield
—
98007
Bellevue, WA
Typical home
$1,052,865
Gross yield
2.7%
98119
Seattle, WA
Typical home
$1,042,038
Gross yield
2.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 98011 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98011

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