JeffCroweCRE

Housing market/Washington/ZIP 98203

ACS 2023 · FY2027 SAFMR

ZIP 98203 Everett, 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
35,356
Households
13,791
Median HH income
$101,505
Renter share
32.9%
Median gross rent
$1,761
Vacancy
7.1%
Pop. change
-0.7%
2BR SAFMR
$2,260
SAFMR / rent
1.283×
2–49 unit stock
3,742
LIHTC proj / units
9 / 811
HUD assisted MF
2 / 63

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 98203 · WA — sent to you.

ZIP 98203 · WA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 98203 — Everett, WA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,761
2BR SAFMR$2,260
90% floor$2,034
110% ceiling$2,486

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

Housing stock

ACS 2023 units-in-structure · ZCTA 98203

  • 1-unit detached9,22562.5%
  • 1-unit attached8115.5%
  • 2–4 units1,69111.4%
  • 5–49 units2,05113.9%
  • 50+ units6324.3%
  • Mobile3612.4%
TypeUnitsShare
1-unit detached9,22562.1%
1-unit attached8115.5%
2 units (duplex)8535.7%
3–4 units8385.6%
5–9 units4813.2%
10–19 units1,1027.4%
20–49 units4683.2%
50+ units6324.3%
Mobile3612.4%

2–4 unit share 11.4% · 5–49 unit share 13.8% · combined 2–49 25.2%.

Units by bedrooms

Studio
335
1BR
952
2BR
4,440
3BR
5,670
4BR
2,947
5+
504

Rent burden

Rent ≥30% of income50.9%
Rent ≥50% of income24.6%
  • ACS median gross rent $1,761 (all bedrooms, occupied rentals).
  • Median contract rent $1,607.
  • Renters paying ≥30% of income 50.9%; ≥50% 24.6%.
  • FY2027 2BR SAFMR $2,260 (1.283× ACS median gross rent).

Population

35,356 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.7%.

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

Assisted inventory

  • LIHTC: 9 projects, 811 units.
  • HUD project-based assisted MF: 2 properties, 63 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,332 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 98203 32.9% of occupied households are renters; vacancy is 7.1%; ACS median gross rent is $1,761; population changed -0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 1,691 units in 2–4-unit structures and 2,051 units in 5–49-unit structures; 9 LIHTC projects totaling 811 units; FY2027 2BR SAFMR is $2,260 versus ACS median gross rent of $1,761. 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 98203 is a Census / HUD profile for Seattle-Bellevue, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 98203 — Everett, 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 98203?

ZIP 98203 (Seattle-Bellevue, WA HUD Metro FMR Area) has 35,356 residents, 13,791 households, a renter share of 32.9%, median household income of $101,505, and ACS 2023 median gross rent of $1,761. Vacancy is 7.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98203?

ACS counts 853 units in 2-unit buildings, 838 in 3–4 unit buildings, 481 in 5–9, 1,102 in 10–19, and 468 in 20–49. Combined 2–49 unit stock is 3,742 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98203?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,260. See the full schedule and 90–110% payment-standard band on the ZIP 98203 — Everett, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98203 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.