Metro area index
Home appreciation in the Seattle-Bellevue-Kent, WA metropolitan division
FHFA HPI® data shows the Seattle-Bellevue-Kent, WA metropolitan division's all-transactions index changed +0.3% over the year to Q2 2026, versus +1.1% for Washington and +3.0% for the U.S. That ranks 355th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +0.3%
- 5-year change
- +24.6%
- Since Q1 1995
- +455%
- Metro rank (1 year)
- 355th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Seattle-Bellevue-Kent, WA vs Washington and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Seattle-Bellevue-Kent, WA: 554.9
- Washington: 486.5
- United States: 391.6
Appreciation by time window
| Window | Metro | WA | U.S. | Gap vs WA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.3% | +1.1% | +3.0% | −0.7 pts | −2.7 pts |
| 3 years | +7.2% | +8.2% | +12.9% | −1.0 pts | −5.7 pts |
| 5 years | +24.6% | +29.7% | +41.3% | −5.2 pts | −16.7 pts |
| 10 years | +86.3% | +105% | +93.3% | −18.5 pts | −7.0 pts |
| Since Q1 1995 | +455% | +387% | +292% | +68.4 pts | +163.4 pts |
3-digit ZIP regions in the Seattle-Bellevue-Kent, WA area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 981 · Seattle, WA area | WA | +0.3% | +20.2% | +493% | 97% |
| 980 · Bellevue, WA area | WA | +0.1% | +31.0% | +439% | 81% |
Boom, bust, and recovery in Seattle-Bellevue-Kent, WA area
Seattle-Bellevue-Kent, WA area's index peaked in Q4 2007, fell 25.2% to its low in Q2 2012, and regained its peak in Q3 2015, about 7.8 years after the top. Today it sits +104% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2007 | Q2 2012 | -25.2% | Q3 2015 (7.8 yrs) | +104% |
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Seattle-Bellevue-Kent, WA area's index has changed +151% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | WA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -3.4% | -2.7% | -0.8% |
| 3 years | +9.8% | -2.4% | -1.4% | +2.8% |
| 5 years | +24.0% | +0.5% | +4.6% | +13.9% |
| 10 years | +39.1% | +34.0% | +47.3% | +39.0% |
| Since Q1 1995 | +121% | +151% | +120% | +76.8% |
If you bought in the Seattle-Bellevue-Kent, WA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +450% | $1,648,737 |
| Q2 2000 | +281% | $1,141,947 |
| Q2 2005 | +160% | $780,830 |
| Q2 2010 | +152% | $755,151 |
| Q2 2015 | +110% | $630,508 |
| Q2 2020 | +41.2% | $423,455 |
| Q2 2021 | +24.6% | $373,752 |
| Q2 2023 | +7.2% | $321,588 |
| Q2 2025 | +0.3% | $300,976 |
Frequently asked questions
- How much have home prices risen in the Seattle-Bellevue-Kent, WA area?
- FHFA HPI® data for the Seattle-Bellevue-Kent, WA metropolitan division shows changes of +0.3% over one year, +24.6% over five years, and +86.3% over ten years to Q2 2026, and +455% since Q1 1995.
- Is the Seattle-Bellevue-Kent, WA area beating the national average?
- Over the past year the metro's index moved −2.7 pts versus the U.S.; over five years the gap is −16.7 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.