Yesler Terrace

Yesler Terrace is a rapidly transforming neighborhood on First Hill just east of downtown Seattle, historically known as one of the nation's first racially integrated public housing communities and now undergoing a major mixed-use redevelopment. With a median home price of $275,000 and $551/sqft, the area remains one of Seattle's most affordable entry points, with a modest 5.8% YoY appreciation. The neighborhood's long days on market (142 DOM) reflect the niche nature of its housing stock as redevelopment continues.

Yesler Terrace offers unbeatable urban walkability with First Hill's medical campuses, cafes, and transit corridors just steps away, plus easy access to downtown Seattle and Capitol Hill. The neighborhood is in the midst of a large-scale redevelopment that is bringing new mixed-income housing, parks, and community amenities to the area. Residents benefit from a central location with diverse dining and cultural options nearby.

First-time urban buyers — Low median price relative to Seattle norms offers a rare entry point into a central, walkable neighborhood with upside as redevelopment progresses. Healthcare workers — Walking distance to Swedish Medical Center, Virginia Mason, and other First Hill hospitals makes this highly convenient for medical professionals. Urban investors — Ongoing redevelopment and proximity to downtown suggest long-term appreciation potential for investors comfortable with a transitional neighborhood.