advertising

Link to jump to start of content The Seattle Times Company NWclassifieds NWsource seattletimes.com
The Seattle Times Home Values
Traffic | Weather | Today's news index Movies | Restaurants | Today's events

Sunday, July 16, 2006

Income required for houses: King County

Buying a typical home in West Bellevue/Medina last year required an income of about $258,000, about $63,000 more than what was required in 2003. In fact, because appreciation is far outpacing income growth, 85 out of 86 neighborhoods in the county required significantly more income to buy a typical home than the year before. (The one exception was the Newport Shores and Kennydale area.) The map below shows how much income was needed to buy the median-priced house in each of the county assessor's work areas. This analysis assumes a 20 percent down payment, a 30-year fixed-rate mortgage at 5.87 percent (the national average for 2005), and a mortgage payment (principal and interest only) limited to 25 percent of a person's monthly income. The data applies only to single-family residences, not condominiums.

King County income map

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86

BY NEIGHBORHOOD BY INCOME
  Neighborhood Income
1West Shoreline$97,611
2Central Shoreline$74,686
3East Shoreline/West Lake Forest Park$68,846
4East Lake Forest Park/West Kenmore$83,773
5Bothell/East Kenmore$90,811
6Woodinville/Sammamish Valley$101,164
7Snoqualmie Valley$89,960
8Duval/Carnation$78,325
9Preston and Fall City$107,826
10Central Sammamish Plateau$119,190
11North Lake Sammamish Plateau$116,691
12Novelty Ring/Union Hills$112,253
13Lake Sammamish$104,206
14Hollywood Hill/Lake of the Woods$150,971
15East Kirkland/West Redmond$95,159
16Kingsgate/Queensgate$80,584
17Inglewood/Juanita$88,541
18View Ridge/East Sand Point$147,557
19Lake City$76,281
20Northgate/Maple Leaf$89,676
21Haller Lake/Bitter Lakes$73,784
22North Greenwood$78,552
23Broadview/Blue Ridge/Shilshole$134,173
24West Ballard$96,487
25East Ballard$90,811
26Phinney Ridge/Fremont$97,020
27Green Lake$107,838
28Wallingford$111,017
29Ravenna/University District$101,198
30Wedgwood/Bryant$97,622
31Laurelhurst/Windermere$182,757
32West Kirkland$136,217
33Bridle Trails$117,827
34Crossroads/Rosemont$103,979
35Lake Hills/Phantom Lake$89,676
36Central Bellevue$129,406
37West Bellevue/Medina$258,301
38Madison Park$197,287
39North Capitol Hill/Montlake$175,947
40Queen Anne$135,309
41Magnolia$131,336
42Central Area/Capitol Hill$90,811
43Mount Baker$90,584
44Rainier Valley$65,327
45North Beacon Hill$76,281
46South Beacon Hill$68,108
47South Park/Georgetown$55,622
48West Seattle/East$66,054
49North Central West Seattle$95,352
50West Seattle/West$104,421
51South Central West Seattle$88,314
52White Center$61,298
53Fauntleroy$84,000
54Shorewood/Normandy Park$106,079
55Burien$57,381
56SeaTac$58,233
57Boulevard Park/Riverton$56,746
58Rainier Beach$61,865
59Skyway$62,433
60Mercer Island$187,298
61Newport Shores/Kennydale$118,963
62Newcastle$96,464
63Eastgate/Factoria$124,865
64Issaquah/May Valley$131,330
65Mirrormont/Cedar River$89,954
66East Renton$74,908
67Fairwood$65,838
68Lake Youngs$79,448
69Kentridge$64,703
70Kent/Renton suburbs$78,098
71Kent/Meridian$65,157
72Green River Valley$56,757
73Star Lake$60,378
74Des Moines$58,335
75Vashon Island$90,584
76Woodmont/Redondo$73,103
77Twin Lakes$56,757
78Federal Way$72,195
79Jovita/Algona/Pacific$63,454
80Auburn$54,089
81Lea Hill$68,279
82SouthI.R./Lake Morton$81,730
83Covington$60,049
84Black Diamond/Maple Valley$75,277
85Enumclaw Plateau$85,703
86Enumclaw$55,100
  Neighborhood Income
37West Bellevue/Medina$258,301
38Madison Park$197,287
60Mercer Island$187,298
31Laurelhurst/Windermere$182,757
39North Capitol Hill/Montlake$175,947
14Hollywood Hill/Lake of the Woods$150,971
18View Ridge/East Sand Point$147,557
32West Kirkland$136,217
40Queen Anne$135,309
23Broadview/Blue Ridge/Shilshole$134,173
41Magnolia$131,336
64Issaquah/May Valley$131,330
36Central Bellevue$129,406
63Eastgate/Factoria$124,865
10Central Sammamish Plateau$119,190
61Newport Shores/Kennydale$118,963
33Bridle Trails$117,827
11North Lake Sammamish Plateau$116,691
12Novelty Ring/Union Hills$112,253
28Wallingford$111,017
27Green Lake$107,838
9Preston and Fall City$107,826
54Shorewood/Normandy Park$106,079
50West Seattle/West$104,421
13Lake Sammamish$104,206
34Crossroads/Rosemont$103,979
29Ravenna/University District$101,198
6Woodinville/Sammamish Valley$101,164
30Wedgwood/Bryant$97,622
1West Shoreline$97,611
26Phinney Ridge/Fremont$97,020
24West Ballard$96,487
62Newcastle$96,464
49North Central West Seattle$95,352
15East Kirkland/West Redmond$95,159
5Bothell/East Kenmore$90,811
42Central Area/Capitol Hill$90,811
25East Ballard$90,811
43Mount Baker$90,584
75Vashon Island$90,584
7Snoqualmie Valley$89,960
65Mirrormont/Cedar River$89,954
35Lake Hills/Phantom Lake$89,676
20Northgate/Maple Leaf$89,676
17Inglewood/Juanita$88,541
51South Central West Seattle$88,314
85Enumclaw Plateau$85,703
53Fauntleroy$84,000
4East Lake Forest Park/West Kenmore$83,773
82SouthI.R./Lake Morton$81,730
16Kingsgate/Queensgate$80,584
68Lake Youngs$79,448
22North Greenwood$78,552
8Duval/Carnation$78,325
70Kent/Renton suburbs$78,098
19Lake City$76,281
45North Beacon Hill$76,281
84Black Diamond/Maple Valley$75,277
66East Renton$74,908
2Central Shoreline$74,686
21Haller Lake/Bitter Lakes$73,784
76Woodmont/Redondo$73,103
78Federal Way$72,195
3East Shoreline/West Lake Forest Park$68,846
81Lea Hill$68,279
46South Beacon Hill$68,108
48West Seattle/East$66,054
67Fairwood$65,838
44Rainier Valley$65,327
71Kent/Meridian$65,157
69Kentridge$64,703
79Jovita/Algona/Pacific$63,454
59Skyway$62,433
58Rainier Beach$61,865
52White Center$61,298
73Star Lake$60,378
83Covington$60,049
74Des Moines$58,335
56SeaTac$58,233
55Burien$57,381
72Green River Valley$56,757
77Twin Lakes$56,757
57Boulevard Park/Riverton$56,746
47South Park/Georgetown$55,622
86Enumclaw$55,100
80Auburn$54,089

Source: Seattle Times analysis of King County assessor's data, Northwest Multiple Listing Service