Full Cost Breakdown — 98101 (Seattle, WA)
What Salary Do You Need to Buy in 98101?
Using the standard 28% gross income housing rule, you need approximately $215,665/year to comfortably afford the median home in Seattle, WA with 20% down at today's 7.1% rate.
The average household income in King County is approximately $98,000/year — which means buying the median home here is difficult for the average family.
Property Tax in 98101 (King County)
King County has a property tax rate of approximately 1.1% — near the national average of 1.1%. On a $750,000 home, this equals $688/month or $8,250/year in property taxes.
Property taxes can often be appealed if your assessment seems high. Ownwell specializes in property tax appeals — they only charge if they save you money.
Will a Bank Approve You in Seattle?
Approval depends on your specific profile — credit score, income, existing debts, and down payment. The Bank Rejection Engine shows exactly how 5 different lender types would score your application for a home in 98101.