After a brief dip below median home price in 2013, the "affordable" home price in King County is back up to $429,341 in March, according to real estate stat blog Seattle Bubble. They arrive at that number by figuring out what a family with the median household income (currently $66,023/year) could afford to buy at the current mortgage rates if they put down 20% and spent 30% of that monthly income. We took that info over to Estately to see what's available in Seattle right now around that price. Below, you'll see what we found...
Address: 2018 NW 57th St, Unit 502
Neighborhood: Ballard
Price: $429K
Size: 840 sq. ft., 2-BR
The Deal: This upcoming unit is in Solo Lofts, a boutique community of 20 loft-style condos currently in development. Designed & enrolled for Built Green 4-Star certification & incorporating the latest in sustainable features.
Address: 76 Cedar St, Unit 611
Neighborhood: Belltown
Price: $429,500
Size: 880 sq. ft., 1-BR
The Deal: This Southwest-facing Parc Condominiums unit features a custom marble kitchen island, open floor plan and den with French doors.
Address: 7202 California Ave SW, Unit A
Neighborhood: Gatewood (West Seattle)
Price: $429,950
Size: 1,470 sq. ft, 3-BR
The Deal: Bright corner-unit townhome with views of the Sound and Olympics from all three levels. Features include ample natural light, huge kitchen, energy-efficient heat, refinished Brazilian cherry hardwood floors, new carpet and stone patio.
Address: 12234 1st Ave NW
Neighborhood: Broadview
Price: $429,950
Size: 1,940 sq. ft., 3-BR
The Deal: Well-cared for 1940's Minimal-Traditional style home. Includes hardwoods in the living and dining rooms, granite countertops installed in the kitchen and bath and a detached garage with work space.
· Affordable Home Price Just Above Actual Median Price [Seattle Bubble]