Seattle's apartment market has experienced dramatic shifts since the start of the decade. As demand surged post-pandemic, the Puget Sound region's record rent growth in 2021 and 2022 outpaced income growth.
CoStar Insight
Household incomes in the Seattle area are rising faster than apartment rents
Income-rent gap supports robust multifamily demand
CoStar Analytics
September 30, 2025 | 4:26 P.M.
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