Markets › Seattle
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Seattle WA Apartment Market Read
Covers Seattle, Tacoma and Bellevue.
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, and steady on the monthly figures, asking rents and jobs.
From public data. The situation now, not a forecast.
Renter Google searchabout 9,900 searches in August 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 9,900 searches in August 2026, for Seattle on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch Seattle for you.
The day asking rent growth (now +1.1%) or job growth (now +0.7%) moves half a point, you get an email. Plus two years of history and the report.
Track Seattle, $39/monthCancel anytime. Every market read stays free.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Nothing is pulling hard either way in the latest figures (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.7%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$2,081 a month
September 2026, ▲ up 1.1% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +4.3% · US avg +4.6%
Median rentCENSUS · 2024
$2,050/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · SeattleNEWS · DAILY
Latest local coverage, 2 days ago. softer neutral firmer
Madison Realty Capital, Red Cove Lend $132M for Seattle-Area Apartments BuildSeattle-area housing inventory surges 174 percent in three years as home values fall'Toxic cocktail' of renter protections destroyed $39M affordable housing investment as Dem cities follow suitView all 8 Seattle news →Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.7%
Migration 2025−2.0/1k
SUPPLY
Permits 2025-18%
Vacancy 20245.1%
Rent vs buyWEEKLY RATE · 2024 RENT
+$3,576/mo
Cheaper to rent than buying
rent $2,050 · own $5,626
$2,050RENT
$5,626OWN
Domestic migrationCENSUS · 2025
−2.0/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.