Area Insights of 98055, Renton, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 219 homes were sold with 36 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

98055, Renton, WA

Date

07-18-2023

Price Ratio

100%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

King of Kings Lutheran Preschool and Kindergarten

PK to KG

Middle School

Nelson Middle School

6 to 8

Ratings

C-

High School

Open Door Youth Reengagement

11 to 12

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 14% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (24,722)
12,539 Male
12,183 Female
Education
24% High School
12% Associate
24% Bachelor
13% Graduate
Age

Average Age is 36 Years

Household Details

The area's household landscape is diverse, with 51% owner-occupied homes and 49% renter-occupied properties. Family households represent 62% of the population, indicating a strong community focus on family living. The average home value stands at $675,128, which suggests ample demand for multi-bedroom properties.

Total Households
10,197
Average home value
$675,128
Owned
51%
Rented
49%
Vacant
5%
Families
62%
Married
43%
With children
33%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 33% Asian, 13% Black, and 1% Native residents, alongside 36% White and 12% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 39% of households earning over $100,000 annually, while 39% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
15%
Professional
10%
Education
6%
Services
23%
Labor
22%
Retail
15%
Other
7%
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