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Housing prices still excessive

by Lynn Glessner

The median home price in Seattle has now toped a half a million dollars. 501K, to be exact. King County, which is the greater Seattle area, is relatively better, but not by much. It’s 477K.

Ouch.

A worker would have to earn $57 an hour — about $119,000 a year — to afford that Seattle home, according to the Seattle chapter of the Urban Land Institute.

And on the Eastside, a worker needs to earn nearly $152,000 a year to afford a house with the $643,750 median price there in August.

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Posted in News on September 11th, 2007

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About Renton, WA

About-RentonWA tracks local events and announcements that are important to residents of Renton and southeast King County. This blog will be updated at least daily during the week, so stop by often. I have two young children, and will focus on free or inexpensive family activities, or sometimes just the random things I find interesting. I would love to hear from you, if you have any tips or suggestions for me.

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