Seattle Rents Continue to Rise

Seattle median rent rose 3.4 percent during February.

Today, data wonks at Abodo.com announced that Seattle rents have continued growing over the past month. According to their new report, the median rent for a one-bedroom apartment rose 3.4 percent during February, to $1,468. That’s the eighth biggest rent increase nation-wide—less than Phoenix, more than Columbus. (On the other hand, local two-bedroom median rent rose by only 0.6 percent.) This is in the context of slight a nation-wide decrease in median one-bedroom rents during the same time period, of about 0.03 percent.

What might actually surprise some actual Emerald City denizens is the fact that Seattle doesn’t even crack the list of ten U.S. cities with the highest rents. That’s topped by San Francisco ($3,465) (ed. note: !!!) and bottomed by Santa Ana ($1,618). Seattle has the twelfth highest rent nationwide, after San Diego ($1,601).

As the Seattle Times reported earlier this week, the costs of local housing are particularly punishing on millenials, about half of whom say they would have to move in order to “lead the kind of life I want,” according to a poll conducted by EMC Research. And as we reported in 2015, it’s not just millenials who are bolting. “A steady trickle of fed-up and stressed-out older, self-employed (for the most part) Seattleites are swimming…to Bellingham,” wrote our own Ellis Conklin. As a Bellingham real-estate told him, “We used to be the place for parents looking for an apartment to put their kids in for college. Now we’re seeing parents looking for a place to put themselves.”

More in News & Comment

The Seattle Coalition for Affordability, Livability and Equity filed an appeal to the Seattle Hearing Examiner on Monday evening. Photo by Melissa Hellmann
Seattle Coalition Appeals Zoning Changes

The 26-group coalition filed an appeal against proposed upzoning that aims to increase housing affordability.

Jenny Durkan Sworn in as Mayor of Seattle

The city’s first female mayor in over a century began her first shift on a citywide tour.

Allan Phillips, the former co-owner of Carleton Avenue Grocery, stands outside of the Georgetown establishment on Wednesday. Photo by Melissa Hellmann
After the City’s Oldest Grocery Store Closes, Customers Look Elsewhere for Food and Community

Georgetown’s Carleton Avenue Grocery closed on October 31, leaving the neighborhood with a deeper dearth of food options.

Photo by Visitor7/Wikimedia
Counties Fed Up With Unfunded Mandates May Sue the State

For example, no money has been provided to install, maintain and clear out required ballot boxes.

A Beloved Eatery Closes, Whole Foods Is Ordered to Open, and a Mother Boycotts an Inquest.

Plus, the latest on the Black Diamond City Council recall attempt.

Homelessness Prevention Program Keeps 3,000 Housed

The initiative, which is funded by the Best Starts for Kids levy, is helping stabilize families at risk of homelessness.

State Representative Paul Graves Wants to Make the Legislature’s Records Public

The Fall City legislator aims to make all legislators subject to public records requests in 2018

Mastermind of State’s Biggest Ponzi Scheme Escapes From Prison

Frederick Darren Berg had been indicted for fraud in 2012.

Facing Cuts From City, Homeless Service Providers Request a Reprieve

Funding would be cut for at least 300 shelter beds in Seattle, as well as hygiene and support services.

Most Read