What is the rental yield in Phinney Ridge, Seattle, Washington?

The gross yield in Phinney Ridge, Seattle, Washington is 3.1. That sits alongside a price level about 2% below the Seattle median and 60% above the Washington median, with prices down 6.3% over the past year. The Red Flag score is 45.

How does Phinney Ridge compare with Seattle and Washington on price?

Phinney Ridge, Seattle, Washington is priced about 2% below the Seattle median and 60% above the Washington median. Over the past year, prices declined 6.3%. The neighborhood also has walkability of 87 and education in the 85th percentile.

What are the walkability and education scores in Phinney Ridge, Seattle, Washington?

Phinney Ridge, Seattle, Washington has walkability of 87 and education in the 85th percentile. Those are strong numeric indicators, while the Red Flag score is 45. Gross yield is 3.1, and prices are down 6.3% over the past year.

What is the price trend in Phinney Ridge, Seattle, Washington?

Prices in Phinney Ridge, Seattle, Washington declined 6.3% over the past year. The neighborhood is priced about 2% below the Seattle median and 60% above the Washington median, with a gross yield of 3.1 and a Red Flag score of 45.

Neighborhood

Phinney Ridge

Seattle, Washington US

Phinney Ridge, Seattle, Washington has a mixed investment profile, with a gross yield of 3.1 and prices about 2% below the Seattle median but 60% above the Washington median. Prices have declined 6.3% over the past year, while the neighborhood posts a Red Flag score of 45, walkability of 87, and education in the 85th percentile. The main strength is the high walkability and strong school-score percentile; the main risk is the relatively high state-level price comparison.

AI Summary•Updated May 2026

Area

1.30 mi²

ZIP Code

98107

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

$843,000

YoY-6.3%

Gross Rental Yield

3.1%

Listed rent · ZORI annualized

Red Flag Index

Moderate

45 / 100

Walkability Score

Very Walkable

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

Phinney Ridge Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Phinney Ridge, Seattle.

Unlock the Phinney Ridge 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$843,000	-6.3%
Price / Sq Ft (Verified)	$565/sqft	-6.3%
Asking Rent (Median)	$2,184/mo	-0.9%
Gross Rental Yield	3.1%	—
Liquidity Score	34 / 100	Moderate
Homes Sold (Period)	110	-10.6%

Is Phinney Ridge Safe? Natural-Hazard Risk

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

Red Flag Breakdown

45 / 100

Moderate Risk

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

Earthquake100Very High

Flood60High

Heat40Moderate

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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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Highly walkable neighborhood — score 87/100

Active transaction volume — 110 homes sold last period

Dense amenities — 101 dining & 17 grocery options nearby

Earthquake risk is Very High (100/100)

Insights are generated from Phinney Ridge's live DistrictScore metrics.

Phinney Ridge 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; Phinney Ridge inherits the Washington figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Phinney Ridge

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

Industrial odor3 nearbyVery High

Point-source screening near Phinney Ridge: 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 Phinney Ridge

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

87

Very Walkable

Walkability Score

17

Grocery

101

Dining

4

Schools

0

Universities

3

Hospitals

0

Pharmacies

18

Parks

0

Rail Transit

0

Coworking

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

Phinney Ridge vs Seattle vs Washington

How Phinney Ridge benchmarks against its city and state medians.

Benchmark vs City & State

In Phinney Ridge, the median sale price sits in line with the median for Seattle neighborhoods and about 60% above the statewide median. Gross rental yield is 3.1%, against 2.8% for Seattle neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 6.3%. Transaction liquidity sits in line with the median for Seattle neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Phinney Ridge	$565/sqft	3.1%	34
Seattle	$578/sqft	2.8%	34
Washington	$352/sqft	4.0%	32

Unlock the Phinney Ridge benchmark

Compare Phinney Ridge against Seattle and Washington medians — free with a DistrictScore account.

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

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Guaranteed Rate • Jun 18, 2026

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Phinney Ridge Real Estate FAQ

Phinney Ridge, Seattle, Washington shows a mixed profile based on the numbers provided. Gross yield is 3.1, prices are about 2% below the Seattle median but 60% above the Washington median, and prices fell 6.3% over the past year. The Red Flag score is 45.

Neighborhoods near Phinney Ridge

Compare Phinney Ridge with nearby neighborhoods in Seattle.

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