Area Insights of 98058, Renton, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 1%, reflecting steady buyer interest. A total of 503 homes were sold with 75 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

98058, Renton, WA

Date

07-05-2023

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

Phoenix Montessori

PK to KG

Cedar River Montessori School

PK to 8

Maple Valley Elementary School

PK to 6

Renton Christian School

PK to 8

Middle School

Meeker Middle School

6 to 8

Ratings

D+

Northwood Middle School

6 to 8

Ratings

C+

High School

Lindbergh High School

9 to 12

Ratings

C

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 5% 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 (43,859)
22,000 Male
21,859 Female
Education
20% High School
10% Associate
28% Bachelor
13% Graduate
Age

Average Age is 38 Years

Household Details

The area's household landscape is diverse, with 73% owner-occupied homes and 27% renter-occupied properties. Family households represent 72% of the population, indicating a strong community focus on family living. The average home value stands at $765,355, which suggests ample demand for multi-bedroom properties.

Total Households
16,724
Average home value
$765,355
Owned
73%
Rented
27%
Vacant
3%
Families
72%
Married
56%
With children
32%

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 21% Asian, 8% Black, and 1% Native residents, alongside 52% 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 52% of households earning over $100,000 annually, while 28% 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
14%
Professional
10%
Education
7%
Services
23%
Labor
20%
Retail
17%
Other
8%
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