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Housing market/Washington/ZIP 98146

ACS 2023 · FY2027 SAFMR

ZIP 98146 Seattle, Washington

Seattle-Bellevue, WA HUD Metro FMR Area · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
28,182
Households
10,507
Median HH income
$108,460
Renter share
33.3%
Median gross rent
$1,721
Vacancy
4.4%
Pop. change
+0.6%
2BR SAFMR
$2,220
SAFMR / rent
1.290×
2–49 unit stock
2,346
LIHTC proj / units
7 / 1,063
HUD assisted MF
3 / 72

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 98146 · WA — sent to you.

ZIP 98146 · WA

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ACS rent vs 2BR SAFMR

ZIP 98146 — Seattle, WA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,721
2BR SAFMR$2,220
90% floor$1,998
110% ceiling$2,442

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 98146

  • 1-unit detached7,61769.4%
  • 1-unit attached3763.4%
  • 2–4 units5004.6%
  • 5–49 units1,84616.8%
  • 50+ units5605.1%
  • Mobile800.7%
TypeUnitsShare
1-unit detached7,61769.3%
1-unit attached3763.4%
2 units (duplex)1051.0%
3–4 units3953.6%
5–9 units9128.3%
10–19 units4203.8%
20–49 units5144.7%
50+ units5605.1%
Mobile800.7%

2–4 unit share 4.6% · 5–49 unit share 16.8% · combined 2–49 21.4%.

Units by bedrooms

Studio
325
1BR
1,076
2BR
3,104
3BR
3,711
4BR
2,286
5+
484

Rent burden

Rent ≥30% of income47.4%
Rent ≥50% of income21.3%
  • ACS median gross rent $1,721 (all bedrooms, occupied rentals).
  • Median contract rent $1,620.
  • Renters paying ≥30% of income 47.4%; ≥50% 21.3%.
  • FY2027 2BR SAFMR $2,220 (1.290× ACS median gross rent).

Population

28,182 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 7 projects, 1,063 units.
  • HUD project-based assisted MF: 3 properties, 72 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 5,102 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 98146 33.3% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,721; population increased +0.6% between the 2018 and 2023 ACS vintages; the housing stock includes 500 units in 2–4-unit structures and 1,846 units in 5–49-unit structures; 7 LIHTC projects totaling 1,063 units; FY2027 2BR SAFMR is $2,220 versus ACS median gross rent of $1,721. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 98146 is a Census / HUD profile for Seattle-Bellevue, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 98146 — Seattle, WA HUD Section 8 Payment Standards / SAFMR·Washington ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
98002Seattle-Bellevue, WA HUD Metro FMR Area50.2%$1,613$2,04098003Seattle-Bellevue, WA HUD Metro FMR Area52.3%$1,650$2,24098004Seattle-Bellevue, WA HUD Metro FMR Area63.8%$2,706$3,82098005Seattle-Bellevue, WA HUD Metro FMR Area48.9%$2,380$2,95098006Seattle-Bellevue, WA HUD Metro FMR Area20.4%$2,869$3,56098007Seattle-Bellevue, WA HUD Metro FMR Area65.3%$2,276$3,03098008Seattle-Bellevue, WA HUD Metro FMR Area27.0%$2,480$3,27098009Seattle-Bellevue, WA HUD Metro FMR Area——$2,60098010Seattle-Bellevue, WA HUD Metro FMR Area12.4%$2,304$2,59098011Seattle-Bellevue, WA HUD Metro FMR Area42.8%$2,223$2,75098012Seattle-Bellevue, WA HUD Metro FMR Area33.5%$2,279$2,78098014Seattle-Bellevue, WA HUD Metro FMR Area9.5%$1,740$2,650

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 98146?

ZIP 98146 (Seattle-Bellevue, WA HUD Metro FMR Area) has 28,182 residents, 10,507 households, a renter share of 33.3%, median household income of $108,460, and ACS 2023 median gross rent of $1,721. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98146?

ACS counts 105 units in 2-unit buildings, 395 in 3–4 unit buildings, 912 in 5–9, 420 in 10–19, and 514 in 20–49. Combined 2–49 unit stock is 2,346 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98146?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,220. See the full schedule and 90–110% payment-standard band on the ZIP 98146 — Seattle, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98146 is Census / HUD research for Seattle-Bellevue, WA HUD Metro FMR Area. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.