How much is a home worth in ZIP code 98012?

The typical home in 98012 is worth $1,005,853, based on the Zillow Home Value Index.

Are home values rising in 98012?

Home values in 98012 are down 4.1% over the past year, and up 6.4% a year over five years.

What is the typical rent in 98012?

A typical home in 98012 rents for about $2,467 a month, a gross rental yield of 2.9%.

What is the property tax rate in 98012?

The effective property tax rate in 98012 is 0.8% — roughly $7,548 a year on a typical home.

ZIP code 98012 has a population of 77,041 and a median household income of $146,144.

HousingHandbookReference data

…

U.S. ZIP Code · WA98012

Snohomish County · Seattle-Tacoma-Bellevue, WA

Typical home value

$1,005,853^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.1%
5-year / yr: +6.4%
10-year / yr: +8.5%

Relative price

vs U.S.: +254.1%
vs metro: +46.6%
vs state: +99.9%

Price history

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

The typical home in 98012 is worth $1,005,853 — 46.6% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 4.1%. Homes here rent for a typical $2,467 a month — a 2.9% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $2,467^[2]
Gross yield: 2.9%^[2]
Cap rate: 1.8%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $7,548^[3]

#Climate risk

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

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

#Who lives here

Population: 77,041^[3]
Median household income: $146,144^[3]

#Migration

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

Net migration: +1,395^[5]
Moved in: 23,597
Moved out: 22,202

Schools

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

Public schools: 9
Elementary: 5
Middle: 1
High: 3

Henry M. Jackson High School
High · Grades 9–12 · Everett School District
2,157 students
North Creek High School
High · Grades 9–12 · Northshore School District
1,917 students
Lynnwood High School
High · Grades 9–12 · Edmonds School District
1,375 students
Heatherwood Middle School
Middle · Grades 6–8 · Everett School District
1,010 students
Fernwood Elementary
Elementary · Grades PK–5 · Northshore School District
739 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 yield2.9%

Net yield (after ~40% expenses)1.8%

Annual rent$29,598

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$5,086

Loan principal$804,682

Down payment$201,171

Total interest paid$1,026,328

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 ratio2.66

Monthly cost to own$6,553

Monthly rent$2,467

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: 98th percentile^[1]
Rental yield: 28th percentile^[2]
Property tax: 40th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 98012?: The typical home in 98012 is worth $1,005,853, based on the Zillow Home Value Index.
Are home values rising in 98012?: Home values in 98012 are down 4.1% over the past year, and up 6.4% a year over five years.
What is the typical rent in 98012?: A typical home in 98012 rents for about $2,467 a month, a gross rental yield of 2.9%.
What is the property tax rate in 98012?: The effective property tax rate in 98012 is 0.8% — roughly $7,548 a year on a typical home.
Who lives in 98012?: ZIP code 98012 has a population of 77,041 and a median household income of $146,144.

#Comparable ZIPs

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

98117 vs 98012 →
Seattle, WA
Typical home
$1,011,448
Gross yield
2.9%
98045 vs 98012 →
North Bend, WA
Typical home
$1,014,601
Gross yield
3.4%
98116
Seattle, WA
Typical home
$1,019,583
Gross yield
2.5%
98059
East Renton Highlands CDP, WA
Typical home
$984,230
Gross yield
2.9%
98019
Duvall, WA
Typical home
$977,629
Gross yield
4.5%
98014
Lake Marcel-Stillwater CDP, WA
Typical home
$1,039,185
Gross yield
—

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#Jump to section

U.S. ZIP Code · WA98012

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