Wallingford at $1,079,281, Fremont at $882,322. Both down roughly a point year over year while Seattle's condo neighborhoods fall 5–7%. This is a choice between two kinds of stability.
Wallingford costs about 22% more and is holding value slightly better. Typical value is $1,079,281 against Fremont's $882,322 — roughly $197,000 apart. Year over year Wallingford is down 1.0%, Fremont 1.7%.
The more useful framing: both are in the stable half of a divided Seattle market. While condo-dominant neighborhoods fall 5–7%, these two are drifting down about a point. You are choosing between two versions of stability, not between a bargain and a premium.
| Measure | Fremont | Wallingford |
|---|---|---|
| Typical home value | $882,322 | $1,079,281 |
| Year-over-year change | −1.7% | −1.0% |
| Three-month change | −1.7% | −1.3% |
| Premium over the other | — | +22.3% |
| Versus city neighborhood median ($819,007) | +7.7% | +31.8% |
Both sit above the median Seattle neighborhood value of $819,007 — Fremont modestly, Wallingford substantially. Neither is a value play within the city.
The important comparison is not Fremont against Wallingford. It is both of them against the two halves of Seattle's split market.
| Segment | Typical YoY change |
|---|---|
| Condo-dominant urban core (First Hill, Belltown, ID) | −5% to −7% |
| Fremont | −1.7% |
| Wallingford | −1.0% |
| Strongest single-family (Phinney Ridge, Sunset Hill) | +1.0% to +1.7% |
Both neighborhoods land in the resilient band — softening, not correcting. Nearby Phinney Ridge is actually up 1.7%, which suggests the north-central single-family market is close to a floor.
The practical implication: if you are hunting the negotiating leverage described in our monthly market report, it is not here. Inventory has improved citywide, but values in these two neighborhoods are not the ones absorbing the correction. See condo vs. house for why that split exists.
Fremont, Wallingford, and Green Lake share ZIP 98103, so ZIP-level data cannot separate them. That ZIP yields 2.97% gross, with typical value $909,772 (down 1.2%) and typical rent $2,254 (up 1.6%) — modestly below the city's higher-yielding areas.
Rents rising while values fall means yield is widening here, as it is in 15 of Seattle's 22 ZIP codes. For the full ranking and the important distinction between yield driven by rent growth and yield driven by price collapse, see the rental yield analysis.
These figures describe typical home values from the Zillow Home Value Index at neighborhood granularity — the 35th–65th percentile band, covering single-family homes and condominiums together. They do not capture school assignment, transit access, walkability, noise, housing stock age, or lot size, all of which reasonably drive a choice between two adjacent neighborhoods and none of which appear in a price index.
Data: Zillow Research, zillow.com/research/data, retrieved September 5, 2026.
Wallingford, by a wide margin. Typical home value in Wallingford is $1,079,281 versus $882,322 in Fremont — a difference of roughly $197,000, or 22%. Both are down modestly year over year: Wallingford −1.0% and Fremont −1.7%.
Wallingford, slightly. It is down 1.0% year over year against Fremont's 1.7%, and down 1.3% over three months against Fremont's 1.7%. The gap is real but small, and both are performing far better than Seattle's condo-dominant neighborhoods, which are down 5–7%.
Both sit in the stable half of Seattle's divided market — single-family in character, declining only modestly while the condo segment absorbs the correction. That means neither offers the negotiating leverage available downtown. You are buying stability rather than a discount.
Both fall within 98103, which also covers Green Lake. That ZIP has a gross rental yield of 2.97%, a typical home value of $909,772 (down 1.2% year over year), and typical rent of $2,254 (up 1.6%). Because the ZIP spans all three neighborhoods, ZIP-level figures sit between the individual neighborhood values.