Seattle city, Washington Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Seattle city, Washington rental market.
Seattle city, Washington
Average Apartment Rent
$2,169
Y-o-Y Change in Apartment Rent
5.5%
Compared to a year ago, Seattle city, Washington apartments have recorded a 5.5% rent increase.
Seattle city, Washington |Median apartment rent trend
Seattle city, Washington| Average apartment rent by city
Seattle city, Washington | Apartment rent ranges
At 51.06%, apartments priced over $2,000 represent the bulk of Seattle city, Washington rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.29%.
Seattle city, Washington | Housing tenure
Renters take up 54% of Seattle city, Washington real estate, occupying a total of 174,429 units, while homeowners live in 149,017 properties.
Median number of rooms of renter-occupied housing units
3.2
Renter Median household income
$60,498
Average household size of renter occupied-housing units
1.89
Rental vacancy rate
2.6%
Seattle city, Washington | Renter-occupied housing units by no. of bedrooms
There are 67,830 rentals in Seattle city, Washington with 1 bed making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 2,560 units. Overall, the median number of rooms in Seattle city, Washington homes for rent is 3.2.
Seattle city, Washington |Renter-occupied units by age of householder
Most condos for rent in Seattle city, Washington are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Seattle city, Washington | Renter-occupied housing units by family type
Seattle city, Washington | Renter-occupied housing units by the presence of own children
A total of 49,720 apartments for rent in Seattle city, Washington, or 29% of all rentals are family households. Additionally, 12% of rental homes include children under the age of 18 – that’s 21,429 units. All in all, the median size of a renter-occupied household in Seattle city, Washington is 1.89.
Seattle city, Washington | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Seattle city, Washington.
Seattle city, Washington | Renter-occupied units by year structure built
The highest share of Seattle city, Washington apartment rentals, namely 19% or 33,357 units, were built 1939 or earlier, followed by those built 2000 - 2009 (14%, 24,314 units), and the ones built 1970 - 1979 (11%, 19,165 units).
Seattle city, Washington | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Seattle city, Washington renters (44%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Seattle city, Washington condos for rent is 2014.
Seattle city, Washington | Renter-occupied housing units by vehicles available
When it comes to transportation options, 49% of Seattle city, Washington renters have 1 vehicle available per household, 28% of them have no vehicle available, and 18% have 2 vehicles available.
Seattle city, Washington | Means of transportation to work of householders living in renter-occupied housing units
Seattle city, Washington |Geographical mobility in the past year for householders living in renter-occupies housing units
Seattle city, Washington | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Seattle city, Washington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
