Single-Family Rental Market Overview – Greater Seattle, May 2025
June 30, 2025
Single-Family Homes: Strong Growth in the Suburbs
The rental market for single-family houses across the Greater Seattle area saw widespread growth in May 2025. Suburban cities, in particular, experienced significant increases in rental prices. Woodinville led the surge with an impressive 20.49% rise, followed closely by Mercer Island at 15.88%, and Shoreline and Bothell both up by 12.5%. Seattle itself also saw strong growth at 10%, while Edmonds and Kirkland reported increases of 10.94% and 10.26%, respectively. Moderate gains were noted in Redmond (+3.36%), Renton (+3.13%), and Lynnwood (+3.13%).
However, not all areas followed this trend. Sammamish rents dropped by 6.68%, while Newcastle and Issaquah faced sharper declines of 19.11% and 13.78%, respectively (please see the maps below).
Despite some exceptions, the overall outlook for single-family home rentals remains positive, especially in well-connected suburban areas experiencing population and job growth.
If you have any questions or need help managing your rental property, please feel free to reach out to us.
