How much is a home worth in ZIP code 98056?

The typical home in 98056 is worth $883,851, based on the Zillow Home Value Index.

Are home values rising in 98056?

Home values in 98056 are down 2.0% over the past year, and up 4.7% a year over five years.

What is the typical rent in 98056?

A typical home in 98056 rents for about $2,203 a month, a gross rental yield of 3.0%.

What is the property tax rate in 98056?

The effective property tax rate in 98056 is 0.8% — roughly $7,163 a year on a typical home.

ZIP code 98056 has a population of 35,849 and a median household income of $113,688.

HousingHandbookReference data

…

U.S. ZIP Code · WA98056

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$883,851^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.0%
5-year / yr: +4.7%
10-year / yr: +7.3%

Relative price

vs U.S.: +211.1%
vs metro: +28.8%
vs state: +75.6%

Price history

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

The typical home in 98056 is worth $883,851 — 28.8% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 2.0%. Homes here rent for a typical $2,203 a month — a 3.0% 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: $2,203^[2]
Gross yield: 3.0%^[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: $7,163^[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: 35,849^[3]
Median household income: $113,688^[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: 10
Elementary: 3
Middle: 2
High: 4

McKnight Middle School
Middle · Grades 6–8 · Renton School District
824 students
Vera Risdon Middle School
Middle · Grades 6–8 · Renton School District
761 students
Meadow Crest Early Childhood Education Center
Prekindergarten · Grades PK · Renton School District
562 students
Kennydale Elementary School
Elementary · Grades K–5 · Renton School District
500 students
Hazelwood Elementary School
Elementary · Grades K–5 · Renton School District
462 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 yield3.0%

Net yield (after ~40% expenses)1.8%

Annual rent$26,434

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$4,469

Loan principal$707,081

Down payment$176,770

Total interest paid$901,843

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 ratio2.63

Monthly cost to own$5,802

Monthly rent$2,203

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: 69th percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 59th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98056?: The typical home in 98056 is worth $883,851, based on the Zillow Home Value Index.
Are home values rising in 98056?: Home values in 98056 are down 2.0% over the past year, and up 4.7% a year over five years.
What is the typical rent in 98056?: A typical home in 98056 rents for about $2,203 a month, a gross rental yield of 3.0%.
What is the property tax rate in 98056?: The effective property tax rate in 98056 is 0.8% — roughly $7,163 a year on a typical home.
Who lives in 98056?: ZIP code 98056 has a population of 35,849 and a median household income of $113,688.

#Comparable ZIPs

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

98026 vs 98056 →
Edmonds, WA
Typical home
$876,500
Gross yield
3.2%
98332 vs 98056 →
Maplewood CDP, WA
Typical home
$893,370
Gross yield
3.6%
98107
Seattle, WA
Typical home
$871,048
Gross yield
3.0%
98335
Artondale CDP, WA
Typical home
$869,891
Gross yield
3.4%
98051
Ravensdale CDP, WA
Typical home
$906,139
Gross yield
—
98155
Shoreline, WA
Typical home
$854,395
Gross yield
3.2%

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Pit ZIP 98056 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98056

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