There are currently 216,881 real estate properties in Seattle, WA, with a median automated valuation model (AVM) price of $829,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Seattle, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Seattle, WA, is $926,334.00, with the most expensive house in Seattle, WA, topping out at $40,299,700.00 and the cheapest home in Seattle, WA, clocking in at $103,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Seattle, WA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Seattle, WA, is on a rollercoaster ride. The average rent price in Seattle, WA, is $2,232.00. Indeed, when looking to rent in Seattle, WA, you can expect to pay as little as $760.00 or as much as $5,820.00, with the average rent median estimated to be $2,140.00. The good news is that finding an affordable and desirable property to rent in Seattle, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Seattle, WA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Seattle, WA and much more. Save thousands at closing with home foreclosure listings in Seattle, WA — up to 75% off market value!
Seattle is located in King, Washington, with an estimated municipal population of 753,675 residents. All of the best foreclosed homes for sale in Seattle are located in the following zip code areas on Foreclosure.com: 98109 98108 98104 98107 98106 98101 98103 98102 98105 98154 98122 98121 98126 98125 98178 98174 98177 98144 98146 98195 98199 98118 98119 98116 98117 98115 98112 98164 98134 98136 98133 98111 98113 98114 98124 98127 98129 98139 98141 98145 98161 98165 98170 98175 98181 98185 98191 98194. The estimated population per square kilometer (.62 miles) in Seattle is 3,469.
So, about how much do homes cost in Seattle? The most recent median value of resident-owned homes in Seattle is 662,981. An estimated 45.7 percent of households in Seattle own their homes, with an average family size of 2.84. The median household income in Seattle is 92,263, with46.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Seattle, the median commute time of resident workers (in minutes) is 27.9. And last, but certainly not least, are you looking for homes to rent in Seattle? If so, the average rent price paid by renters in Seattle is 1,614, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Seattle, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Seattle is 35.3, split between 50.6 percent male versus 49.4 female. The percentage of residents who report being married in Seattle is 41.1, with an average family size of 2.84.
The percentage of residents who report their race in Seattle is as follows:
|Black / African American||7.3%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Seattle? Or maybe you are searching for 55+ active adult communities in and/or near Seattle?
The percentage of residents who report their age in Seattle is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Seattle with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Seattle.
How do you know that living in -- or moving to -- Seattle is right where you need to be? Perhaps you grew up in Seattle or already live nearby; therefore, the decision to buy a home in Seattle is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Seattle for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Seattle:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Seattle.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Seattle can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Seattle, meanwhile, can field multiple offers from more qualified buyers.