King County, Washington Housing Market
In King County, Washington, the median home value is $859,900, with a median monthly rent of $2,092. This places King County at #23 nationally out of 3134 counties by median home value, and #1 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $2,730
- Establishments: 82,583
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,510
- Multi-family: 5,995
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 992,710 (avg $190,196)
- Outflow: 986,944 (avg $193,184)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in King County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98029 | 425.0 | +20.43% | 2025 |
| 2 | 98007 | 448.5 | -7.35% | 2025 |
| 3 | 98024 | 332.8 | -7.36% | 2025 |
| 4 | 98075 | 364.4 | -5.54% | 2025 |
| 5 | 98008 | 453.6 | -2.48% | 2025 |
| 6 | 98033 | 424.4 | -5.45% | 2025 |
| 7 | 98065 | 357.6 | +4.18% | 2025 |
| 8 | 98053 | 363.2 | -5.37% | 2025 |
| 9 | 98109 | 312.8 | +9.26% | 2025 |
| 10 | 98074 | 415.9 | +5.01% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for King County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for King County →How King County Compares
| Metric | King County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $859,900 | $436,312 | $227,706 |
| Median Gross Rent | $2,092 | $1,251 | $968 |
| Owner Occupancy Rate | 55.4% | 71.3% | 73.3% |
| Price/Rent Ratio | 34.3 | 29.2 | 18.7 |
Market Analysis
The median home value in King County is 97.1% above the Washington state average and 277.6% above the U.S. national average. The median rent of $2,092/month is 67.2% above the state average.
With a price-to-rent ratio of 34.3, King County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
King County has an owner-occupancy rate of 55.4%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| San Diego County | California | $854,700 | $2,246 |
| Routt County | Colorado | $854,700 | $1,917 |
| Contra Costa County | California | $866,800 | $2,375 |
| Napa County | California | $869,500 | $2,237 |
| Kauai County | Hawaii | $873,200 | $1,870 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| San Juan County | $799,200 | $1,512 | 78.0% |
| Snohomish County | $696,000 | $1,949 | 68.2% |
| Island County | $593,300 | $1,662 | 74.7% |
| Whatcom County | $585,800 | $1,555 | 63.7% |
| Kitsap County | $555,100 | $1,822 | 70.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).