How much is a home worth in ZIP code 98103?

The typical home in 98103 is worth $937,500, based on the Zillow Home Value Index.

Are home values rising in 98103?

Home values in 98103 are down 2.5% over the past year, and up 1.6% a year over five years.

What is the typical rent in 98103?

A typical home in 98103 rents for about $2,159 a month, a gross rental yield of 2.8%.

What is the property tax rate in 98103?

The effective property tax rate in 98103 is 0.7% — roughly $6,397 a year on a typical home.

ZIP code 98103 has a population of 52,671 and a median household income of $131,154.

HousingHandbookReference data

…

U.S. ZIP Code · WA98103

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$937,500^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +1.6%
10-year / yr: +3.7%

Relative price

vs U.S.: +230.0%
vs metro: +36.6%
vs state: +86.3%

Price history

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

The typical home in 98103 is worth $937,500 — 36.6% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $2,159 a month — a 2.8% 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: $2,159^[2]
Gross yield: 2.8%^[2]
Cap rate: 1.7%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $6,397^[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: 52,671^[3]
Median household income: $131,154^[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: 6
Elementary: 3
Middle: 2
High: 1

Lincoln High School
High · Grades 9–12 · Seattle School District No. 1
1,697 students
Hamilton International Middle School
Middle · Grades 6–8 · Seattle School District No. 1
897 students
Robert Eagle Staff Middle School
Middle · Grades 6–8 · Seattle School District No. 1
674 students
B F Day Elementary School
Elementary · Grades PK–5 · Seattle School District No. 1
414 students
Green Lake Elementary School
Elementary · Grades PK–5 · Seattle School District No. 1
322 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 yield2.8%

Net yield (after ~40% expenses)1.7%

Annual rent$25,912

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$4,741

Loan principal$750,000

Down payment$187,500

Total interest paid$956,584

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 ratio2.80

Monthly cost to own$6,053

Monthly rent$2,159

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: 8th percentile^[1]
Rental yield: 20th percentile^[2]
Property tax: 10th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 98103?: The typical home in 98103 is worth $937,500, based on the Zillow Home Value Index.
Are home values rising in 98103?: Home values in 98103 are down 2.5% over the past year, and up 1.6% a year over five years.
What is the typical rent in 98103?: A typical home in 98103 rents for about $2,159 a month, a gross rental yield of 2.8%.
What is the property tax rate in 98103?: The effective property tax rate in 98103 is 0.7% — roughly $6,397 a year on a typical home.
Who lives in 98103?: ZIP code 98103 has a population of 52,671 and a median household income of $131,154.

#Comparable ZIPs

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

98275 vs 98103 →
Mukilteo, WA
Typical home
$938,859
Gross yield
2.9%
98070 vs 98103 →
Vashon CDP, WA
Typical home
$923,506
Gross yield
—
98136
Seattle, WA
Typical home
$957,351
Gross yield
2.7%
98051
Ravensdale CDP, WA
Typical home
$906,139
Gross yield
—
98019
Duvall, WA
Typical home
$977,629
Gross yield
4.5%
98332
Maplewood CDP, WA
Typical home
$893,370
Gross yield
3.6%

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

Compare ZIPs

Pit ZIP 98103 against any other ZIP — full side-by-side table.

Compare 98103 →

#Jump to section

U.S. ZIP Code · WA98103

Get more data on ZIPs like this

Get more data on ZIPs like this