Part 5/10:
As supply tightens, rental prices are soaring. Currently, Seattle's average rent is 30% above the national average, costing around $2,110 per month as of June. Studio apartments average $1,500, while a typical three-bedroom unit costs $3,900—a figure that many families simply cannot afford, especially those earning less than six figures annually.
This affordability crisis means that many residents with incomes below $100,000 are effectively pushed into poverty-level living, forcing them to consider moving to more affordable states. Neighborhoods like Harrison Heights, Bitter Lake, and Holly Park are among the few remaining affordable options, with rents under $1,600 per month.