What is the rental yield in Central District, Seattle, Washington?

The gross yield in Central District, Seattle, Washington is 2.7%. That is paired with prices that are in line with Seattle and about 64% above Washington. Over the past year, prices are down 3.8%, while the Red Flag score is 37.

How have prices changed in Central District, Seattle, Washington over the past year?

Prices in Central District, Seattle, Washington are down 3.8% over the past year. The neighborhood is priced in line with Seattle and about 64% above Washington, with a gross yield of 2.7%, walkability of 99, and a Red Flag score of 37.

How does Central District, Seattle, Washington compare with Seattle and Washington?

Central District, Seattle, Washington is priced in line with Seattle and about 64% above Washington. It also shows a gross yield of 2.7%, walkability of 99, education in the 85th percentile, and a Red Flag score of 37.

Neighborhood

Central District

Seattle, Washington US

Central District, Seattle, Washington has a mixed investment profile, with prices in line with Seattle and about 64% above Washington. Gross yield is 2.7%, and prices are down 3.8% over the past year. The neighborhood combines walkability of 99 and education in the 85th percentile with a Red Flag score of 37, which points to a relatively moderate risk profile alongside strong access and school-test performance.

AI Summary•Updated May 2026

Area

0.83 mi²

ZIP Code

98122

County

King County

State

Washington

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$899,733

YoY-3.8%

Gross Rental Yield

2.7%

Listed rent · ZORI annualized

Red Flag Index

Low

37 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

85 / 100

Excellent · better than 85% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Central District Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Central District, Seattle.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$899,733	-3.8%
Price / Sq Ft (Verified)	$578/sqft	-1.8%
Asking Rent (Median)	$2,046/mo	+0.5%
Gross Rental Yield	2.7%	—
Liquidity Score	34 / 100	Moderate
Homes Sold (Period)	108	-8.5%

Is Central District Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Washington crime context.

Red Flag Breakdown

37 / 100

Low Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake100Very High

Heat60High

Flood20Low

Wildfire20Low

Tornado20Low

Strong Wind20Low

Hail20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Washington averaged 27.9 crimes and 3.3 violent per 1,000 residents (-13.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Highly walkable neighborhood — score 99/100

Low natural-hazard risk — 37/100 composite

Active transaction volume — 108 homes sold last period

Dense amenities — 146 dining & 32 grocery options nearby

Earthquake risk is Very High (100/100)

Insights are generated from Central District's live DistrictScore metrics.

Central District Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Washington-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Washington Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.9	3.3	-13.0%
2023	32.5	3.6	-12.5%
2022	37.5	3.8	+11.9%
2021	33.7	3.4	+12.1%
2020	30.3	2.9	+0.9%
2019	30.3	3.0	—

Reported at the state level — the finest official US crime aggregation; Central District inherits the Washington figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Central District

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)3.2 kmModerate

Industrial odor3 nearbyVery High

Aviation noise52 dBLow

Point-source screening near Central District: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Central District

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

99

Walker's Paradise

Walkability Score

32

Grocery

146

Dining

14

Schools

2

Universities

12

Hospitals

3

Pharmacies

36

Parks

10

Rail Transit

0

Coworking

POI counts are amenities within Central District's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Central District vs Seattle vs Washington

How Central District benchmarks against its city and state medians.

Benchmark vs City & State

In Central District, the median sale price sits in line with the median for Seattle neighborhoods and about 64% above the statewide median. Gross rental yield is 2.7%, against 2.8% for Seattle neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 3.8%. Transaction liquidity sits in line with the median for Seattle neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Central District	$578/sqft	2.7%	34
Seattle	$578/sqft	2.8%	34
Washington	$352/sqft	4.0%	32

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Buying Property in the US as a Foreigner

Federal & Washington tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.74% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No general income tax; the 7% capital gains tax exempts real estate.

Transfer Tax

Real estate transfer tax: REET graduated 1.1-3% (mansion-style).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

Statewide rent control caps rent increases (HB 1217; 9.683% max for 2026); transfer tax is mansion-style.

US citizens & tax residents6

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Washington property-tax guidance for foreign buyers

Latest Seattle Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Altus Group • Jun 18, 2026

Central District Real Estate FAQ

Central District, Seattle, Washington has a mixed profile for investors. Prices are in line with Seattle and about 64% above Washington, while gross yield is 2.7%. The Red Flag score is 37, walkability is 99, and education is in the 85th percentile.

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