House Charts

Seattle Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Seattle home values are down 1.6% over the past year, to a typical $720k - 6% below the June 2022 peak. Typical rent is $2,250 a month (+1.8% in a year).
Typical home value
$720k
-1.6% (-$12k) in 12 months
From the peak
-6%
Peak $763k, Jun 2022
Since Dec 2019
+42%
from $508k
Typical rent
$2,250/mo
+1.8% in 12 months
Income needed to buy
$192k/yr
20% down, 30% of income
Days to go under contract
46
September 2026

Seattle home values since 2000

$200k$400k$600k$800k2000200420082012201620202024Peak $763k (Jun 2022)Now $720k

Last few years

$500k$600k$700k20192020202120222023202420252026Peak $763k (Jun 2022)Now $720k

Rent in Seattle

$1,250$1,500$1,750$2,000$2,250201520172019202120232025Now $2,250

Owning vs renting, monthly

Buying the typical Seattle home with 20% down at this week's 7.32% 30-year rate costs about $4,858/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,250/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Seattle vs Washington vs the U.S.

Typical home12-month changeTypical rent
This metro$720k-1.6%$2,250/mo
Washington$588k-0.5%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Seattle?

Yes - the typical Seattle-area home value is down 1.6% over the past 12 months, at $720k (September 2026). Values are 6% below their June 2022 peak of $763k.

Is the Seattle housing market crashing?

Home values are 6% below their June 2022 peak and down 1.6% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Seattle?

Typical rent in the Seattle metro is $2,250 a month (September 2026), +1.8% over 12 months.

How much income do you need to buy a home in Seattle?

About $192k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Spokane, WA · Boston, MA · New York City, NY · Bridgeport, CT · Honolulu, HI

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Seattle, WA metro area. How we calculate.