98121 — Seattle, WA Home Values
Typical home value $544,576 as of July 2026 · 130th of 154 in Seattle-Tacoma-Bellevue, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98121, July 2021 to July 2026. This page shows observed data only; no forecast.
How 98121 compares in the Seattle-Tacoma-Bellevue, WA area
ZIP code 98121 (Seattle, WA) has a typical home value of $544,576 as of July 2026, ranking 130th of 154 ZIP codes tracked in the Seattle-Tacoma-Bellevue, WA area, more expensive than about 16% of ZIP codes in the metro. Prices here have moved -5.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -12.6%, from $623,392 in July 2021 to $544,576 in July 2026. Against observed rent, the typical home here sells for 16.8× the annual rent ($2,700/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Seattle-Tacoma-Bellevue, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Seattle.
Population and demographics
ZIP code 98121 has a population of 20,904, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 47.7% White, 33.4% Asian, 7.2% Hispanic or Latino, 5.8% two or more races, 4.7% Black or African American, and 1.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| The Center School | 305 HARRISON ST, SEATTLE, WA | 0.5 mi |
| John Hay Elementary School | 201 GARFIELD ST, SEATTLE, WA | 1.2 mi |
| Middle College High School | 401 NE Northgate Way, SEATTLE, WA | 1.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98121?
$544,576 as of July 2026, the latest month Zillow has published observed data for.
Is 98121 an expensive ZIP code in the Seattle-Tacoma-Bellevue, WA area?
98121 ranks 130th of 154 ZIP codes in the Seattle-Tacoma-Bellevue, WA area by typical home value, more expensive than about 16% of ZIP codes in the metro.
How much have home values in 98121 changed over the past year?
-5.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98121?
The typical home price is 16.8× the observed annual rent in this ZIP code ($2,700/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98121?
20,904, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98121?
The Center School (0.5 mi), John Hay Elementary School (1.2 mi), Middle College High School (1.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98121?
No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Seattle-Tacoma-Bellevue, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.