HousingHandbookReference data

U.S. ZIP Code · WA98104

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$553,576[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.5%
5-year / yr
-2.1%
10-year / yr
+1.6%

Relative price

vs U.S.
+94.9%
vs metro
-19.3%
vs state
+10.0%
ZIP 98104 location in WA
Location of ZIP 98104 in WA

Price history

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

The typical home in 98104 is worth $553,576 — 19.3% below the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 4.5%. Homes here rent for a typical $2,055 a month — a 4.5% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
$2,055[2]
Gross yield
4.5%[2]
Cap rate
2.7%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$4,864[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
16,542[3]
Median household income
$61,460[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
1
Elementary
0
Middle
0
High
1
  • Summit Public School: Sierra

    High · Grades 9–12 · Summit Public School: Sierra

    221 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.

Gross yield4.5%
Net yield (after ~40% expenses)2.7%
Annual rent$24,659

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.

Monthly payment$2,799
Loan principal$442,861
Down payment$110,715
Total interest paid$564,845

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.

Own : rent ratio1.78
Monthly cost to own$3,666
Monthly rent$2,055

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
1st percentile[1]
Rental yield
83rd percentile[2]
Property tax
84th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98104?
The typical home in 98104 is worth $553,576, based on the Zillow Home Value Index.
Are home values rising in 98104?
Home values in 98104 are down 4.5% over the past year, and down 2.1% a year over five years.
What is the typical rent in 98104?
A typical home in 98104 rents for about $2,055 a month, a gross rental yield of 4.5%.
What is the property tax rate in 98104?
The effective property tax rate in 98104 is 0.9% — roughly $4,864 a year on a typical home.
Who lives in 98104?
ZIP code 98104 has a population of 16,542 and a median household income of $61,460.

#Comparable ZIPs

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

  • South Hill CDP, WA

    Typical home
    $554,201
    Gross yield
    6.0%
  • Lakewood, WA

    Typical home
    $547,922
    Gross yield
    3.8%
  • Pacific, WA

    Typical home
    $559,966
    Gross yield
    3.7%
  • DuPont, WA

    Typical home
    $561,017
    Gross yield
    5.8%
  • Everett, WA

    Typical home
    $562,036
    Gross yield
    4.1%
  • Kent, WA

    Typical home
    $544,745
    Gross yield
    4.2%

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