ZIP 98002 - 860Z200US98002 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 98002, located in Auburn, Washington, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 37,000 and a diverse community, this ZIP code presents a mix of opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing costs, and racial composition to help you make informed decisions about living or working in 98002.

Population & Households

ZIP code 98002 is home to 37,284 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,343 households, reflecting a mix of family and individual living arrangements. The total number of housing units in the area stands at 15,279, indicating a slight surplus of available homes or apartments compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to settle in the area, as well as for investors eyeing rental properties.

Income & Housing Costs

The median household income in ZIP 98002 is $77,714, which positions the area as a solid middle-income community. This income level supports a comfortable lifestyle for many residents and provides a stable customer base for local businesses. On the housing front, the median home value is $397,700, reflecting a competitive yet accessible real estate market for the region. For renters, the median monthly rent is $1,613, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy. These figures are critical for homebuyers assessing affordability and for investors calculating potential returns on property investments.

Race & Ethnicity

ZIP code 98002 boasts a diverse population, which adds cultural richness and varied perspectives to the community. The racial composition includes 45.5% White, 11.83% Black, 5.91% Asian, and 23.98% Hispanic residents. This diversity can be a significant draw for families and businesses seeking an inclusive environment. It also highlights the potential for culturally tailored services or products, as well as community engagement opportunities for small-business owners looking to connect with a wide range of customers in 98002.

Key Facts

• Total population in ZIP 98002: 37,284 residents in 2023.
• Total households: 14,343, with 15,279 total housing units available.
• Median household income: $77,714, supporting a stable middle-income community.
• Median home value: $397,700, indicating a competitive housing market.
• Median monthly rent: $1,613, reflecting reasonable rental costs.
• Diverse racial makeup: 45.5% White, 23.98% Hispanic, 11.83% Black, and 5.91% Asian.

What This Means for You

For homebuyers, ZIP 98002 offers a promising mix of affordability and community diversity. With a median home value of $397,700 and a slight surplus of housing units, you may find opportunities to secure a property at a reasonable price point, especially compared to nearby urban centers. The median income of $77,714 also suggests a financially stable neighborhood, which can contribute to long-term property value growth.

For investors and real estate agents, the data points to potential in both buying and renting markets. The gap between total housing units (15,279) and households (14,343) hints at vacant properties that could be turned into rentals, while the median rent of $1,613 offers a viable income stream. Additionally, the diverse demographic profile means a broad tenant pool to target.

For small-business owners, the population size and diversity in 98002 create a fertile ground for customer engagement. The median income level supports discretionary spending, and the cultural mix offers a chance to cater to varied tastes and needs—think ethnic foods, specialized services, or community events. Setting up shop here could tap into a loyal local base.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, and community needs in ZIP 98002. The balance of income, housing costs, and diversity can inform broader studies on regional growth or investment potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98002? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any area.