Seattle Rental Market Update - November 2024 - RE/MAX Integrity Property Management

What’s going on with the Seattle rental market right now, in November 2024? Join Aaron and Diane for a quick look at some key numbers in your Seattle Rental Market Update! Watch the video below, or scroll down a bit farther to read a transcript of the video.

Average King County 3 Bed Rent $4400/Month

Video Transcript – November 2024 Seattle Rental Market Update:

Aaron Janus: Let’s take a look at the Seattle area rental market, shall we?

As you know, our Property Management team has their pulse on the Seattle are rental market, so for those of you who are interested in owning rental property and curious about what rental rates look like around the area, here are some stats for you: vacancy rates, county–wide are sitting just about 3.6%, with an average market time of 24 days. Average Rent on a 3 bedroom single family home in King County is slightly lower this month, at just under $4400 across the County. We are seeing the begining of our seasonal slowdown, but still trending up year over year, as it has the last several years.

If you are curious about the rental market, or know of anyone interested in exploring real estate, and the amazing investment opportunity that it is, please have them reach out to our PM team at RE/MAX Integrity Property Management.