How much is a home worth in ZIP code 98115?

The typical home in 98115 is worth $1,073,855, based on the Zillow Home Value Index.

Are home values rising in 98115?

Home values in 98115 are down 2.1% over the past year, and up 2.7% a year over five years.

What is the typical rent in 98115?

A typical home in 98115 rents for about $2,255 a month, a gross rental yield of 2.5%.

What is the property tax rate in 98115?

The effective property tax rate in 98115 is 0.7% — roughly $7,466 a year on a typical home.

ZIP code 98115 has a population of 54,349 and a median household income of $156,142.

HousingHandbookReference data

…

U.S. ZIP Code · WA98115

King County · Seattle-Tacoma-Bellevue, WA

Typical home value

$1,073,855^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.1%
5-year / yr: +2.7%
10-year / yr: +4.7%

Relative price

vs U.S.: +278.0%
vs metro: +56.5%
vs state: +113.4%

Price history

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

The typical home in 98115 is worth $1,073,855 — 56.5% above the Seattle-Tacoma-Bellevue, WA median. Over the past year, values have fallen 2.1%. Homes here rent for a typical $2,255 a month — a 2.5% 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: $2,255^[2]
Gross yield: 2.5%^[2]
Cap rate: 1.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $7,466^[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: 54,349^[3]
Median household income: $156,142^[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: 12
Elementary: 10
Middle: 1
High: 1

Roosevelt High School
High · Grades 9–12 · Seattle School District No. 1
1,528 students
Eckstein Middle School
Middle · Grades 6–8 · Seattle School District No. 1
1,013 students
Loyal Heights Elementary School
Elementary · Grades K–5 · Seattle School District No. 1
533 students
Cascadia Elementary
Elementary · Grades K–5 · Seattle School District No. 1
485 students
Bryant Elementary School
Elementary · Grades K–5 · Seattle School District No. 1
477 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 yield2.5%

Net yield (after ~40% expenses)1.5%

Annual rent$27,055

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$5,430

Loan principal$859,084

Down payment$214,771

Total interest paid$1,095,714

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 ratio3.08

Monthly cost to own$6,951

Monthly rent$2,255

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: 23rd percentile^[1]
Rental yield: 11th percentile^[2]
Property tax: 15th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in WAView list →

Frequently asked

How much is a home worth in ZIP code 98115?: The typical home in 98115 is worth $1,073,855, based on the Zillow Home Value Index.
Are home values rising in 98115?: Home values in 98115 are down 2.1% over the past year, and up 2.7% a year over five years.
What is the typical rent in 98115?: A typical home in 98115 rents for about $2,255 a month, a gross rental yield of 2.5%.
What is the property tax rate in 98115?: The effective property tax rate in 98115 is 0.7% — roughly $7,466 a year on a typical home.
Who lives in 98115?: ZIP code 98115 has a population of 54,349 and a median household income of $156,142.

#Comparable ZIPs

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

98333 vs 98115 →
Fox Island CDP, WA
Typical home
$1,077,287
Gross yield
—
98296 vs 98115 →
Maltby CDP, WA
Typical home
$1,067,941
Gross yield
—
98011
Bothell, WA
Typical home
$1,065,249
Gross yield
2.6%
98034
Kirkland, WA
Typical home
$1,090,448
Gross yield
2.7%
98028
Kenmore, WA
Typical home
$1,056,115
Gross yield
2.6%
98007
Bellevue, WA
Typical home
$1,052,865
Gross yield
2.7%

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Pit ZIP 98115 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WA98115

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