SeaTac, Washington Housing Market Prices
SeaTac Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 65% above the Washington median$801,989
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Median rent 4% below the Washington median$1,694
Housing Market Overview
| Metric | SeaTac | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $801,989 | $485,016 | $248,835 |
| Price Trend (Annual %) | 20.6% | 10.9% | 7.5% |
| Median Gross Rent | $1,694 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in SeaTac is about 65% higher than in Washington. Rent is about 4% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in SeaTac, up about 20.6% and 6.9% a year respectively. Home prices are changing faster.
Median rent in SeaTac rose about 78.4% between 2015 and 2024, from $950 to $1,694. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 10.2 yearly household incomes in SeaTac.
Buying the median-priced home in SeaTac costs roughly 39.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in SeaTac. The price-to-rent ratio in Washington is about 23.0.
| Metric | SeaTac | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $801,989 | $485,016 | $248,835 |
| Median Household Income | $78,744 | $98,224 | $80,455 |
| Price-to-Income Ratio | 10.2 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in SeaTac rose about 1244.8%, while median household income rose about 74.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | SeaTac | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.8% | 59.1% | 58.5% |
| Rental Rate | 51.5% | 33.6% | 31.2% |
| Vacancy Rate | 6.6% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
SeaTac has a homeownership rate of 41.8%, lower than the Washington average of 59.1%. Its housing vacancy rate is 6.6%, compared with 7.3% in Washington.
Housing Stock
| Metric | SeaTac | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1972 | 1983 | 1978 |
| Median Number of Rooms | 4.2 | 5.5 | 5.5 |
The typical housing unit in SeaTac was built around 1972. On average, 2.7 people live in a home with about 4.2 rooms, staying for about 12.0 years on average.
SeaTac, WA Housing Compared With Nearby Cities
How SeaTac, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| SeaTac, WA | 36,350 | $801,989 #1/2 | $1,694 #2/2 | 44.8% #2/2 |
| Burien, WA | 47,382 | $771,957 | $1,774 | 58.5% |
Frequently Asked Questions
Common questions about the housing market in SeaTac, Washington.
What is the median home price in SeaTac, Washington?
The median home price in SeaTac, Washington is $801,989, higher than the Washington average of $485,016.
What is the average home price in SeaTac, Washington?
The typical home price in SeaTac, Washington, reported as the median sale price, is $801,989. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in SeaTac, Washington?
The median gross rent in SeaTac, Washington is $1,694 per month, lower than the Washington average of $1,759.
What was the median gross rent in SeaTac in 2020?
In 2020, the median gross rent in SeaTac, Washington was $1,354 per month.
What is the price-to-rent ratio in SeaTac, Washington?
The price-to-rent ratio in SeaTac, Washington is about 39.4, meaning it would take roughly 39.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in SeaTac.
Are home prices or rent rising faster in SeaTac, Washington?
Both home prices and rent are rising in SeaTac, up about 20.6% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in SeaTac, Washington?
41.8% of households in SeaTac, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in SeaTac, Washington?
The housing vacancy rate in SeaTac, Washington is 6.6%, lower than the Washington average of 7.3%.
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