How much is a home worth in ZIP code 98053?

The typical home in 98053 is worth $1,477,571, based on the Zillow Home Value Index.

Are home values rising in 98053?

Home values in 98053 are down 2.6% over the past year, and up 6.4% a year over five years.

What is the typical rent in 98053?

A typical home in 98053 rents for about $2,502 a month, a gross rental yield of 2.0%.

What is the property tax rate in 98053?

The effective property tax rate in 98053 is 0.8% — roughly $12,369 a year on a typical home.

ZIP code 98053 has a population of 22,765 and a median household income of $192,292.

HousingHandbookReference data

…

U.S. ZIP Code · WA98053

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$1,477,571^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +6.4%
10-year / yr: +7.9%

Relative price

vs U.S.: +420.1%
vs metro: +115.4%
vs state: +193.6%

Price history

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

The typical home in 98053 is worth $1,477,571 — 115.4% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $2,502 a month — a 2.0% 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: $2,502^[2]
Gross yield: 2.0%^[2]
Cap rate: 1.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $12,369^[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: 22,765^[3]
Median household income: $192,292^[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: 2
High: 1

Evergreen Middle School
Middle · Grades 6–8 · Lake Washington School District
804 students
Timberline Middle School
Middle · Grades 6–8 · Lake Washington School District
741 students
Louisa May Alcott Elementary
Elementary · Grades K–5 · Lake Washington School District
630 students
Nikola Tesla STEM High School
High · Grades 9–12 · Lake Washington School District
601 students
Rosa Parks Elementary
Elementary · Grades K–5 · Lake Washington School District
499 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 yield2.0%

Net yield (after ~40% expenses)1.2%

Annual rent$30,020

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$7,471

Loan principal$1,182,057

Down payment$295,514

Total interest paid$1,507,648

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 ratio3.89

Monthly cost to own$9,737

Monthly rent$2,502

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: 5th percentile^[2]
Property tax: 66th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for best 5-year appreciation in WAView list →

Frequently asked

How much is a home worth in ZIP code 98053?: The typical home in 98053 is worth $1,477,571, based on the Zillow Home Value Index.
Are home values rising in 98053?: Home values in 98053 are down 2.6% over the past year, and up 6.4% a year over five years.
What is the typical rent in 98053?: A typical home in 98053 rents for about $2,502 a month, a gross rental yield of 2.0%.
What is the property tax rate in 98053?: The effective property tax rate in 98053 is 0.8% — roughly $12,369 a year on a typical home.
Who lives in 98053?: ZIP code 98053 has a population of 22,765 and a median household income of $192,292.

#Comparable ZIPs

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

98050 vs 98053 →
WA
Typical home
$1,452,344
Gross yield
—
98008 vs 98053 →
Bellevue, WA
Typical home
$1,443,704
Gross yield
3.2%
98077
Cottage Lake CDP, WA
Typical home
$1,536,698
Gross yield
—
98112
Seattle, WA
Typical home
$1,393,687
Gross yield
1.9%
98052
Redmond, WA
Typical home
$1,371,366
Gross yield
2.2%
98072
Cottage Lake CDP, WA
Typical home
$1,330,327
Gross yield
2.1%

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Pit ZIP 98053 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98053

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