Home/Washington/King County

King County Housing Market

Washington · 39 counties · Ranked #3115 in home value

Above National Avg

Housing at a Glance

Median Home Value

$811,200

vs national+$811,200 vs $281,900 national

Median Gross Rent

$2,035/mo

vs national+$2,035 vs $1,163 national

Effective Tax Rate

0.84%

vs national0.84% vs 1.02% national

Median Household Income

$122,148

vs national+$122,148 vs $74,755 national

Affordability Ratio

6.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,785

Tax as % of Home Value

0.84%

Monthly Owner Cost

$2,514

Renter Income

$83,152

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in King County?

The median home value in King County is $811,200. This is above the national median of $281,900.

How much is rent in King County?

The median gross rent in King County is $2,035 per month.

What is the property tax rate in King County?

The effective property tax rate in King County is 0.84%. The median annual property tax bill is $6,785.

Is King County affordable?

With a home-value-to-income ratio of 6.6x, King County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.