ZIP 98006 - 860Z200US98006 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98006, located in the Bellevue area of Washington, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a robust population, high income levels, and significant property values, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to understand what makes ZIP 98006 stand out.

Population & Households

ZIP 98006 is home to 40,770 residents, making it a sizable and vibrant community. These individuals are distributed across 14,075 households, reflecting a strong residential base. The total number of housing units stands at 14,754, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing to prospective buyers or investors looking for opportunities in a well-populated area.

Income & Housing Costs

One of the standout metrics for ZIP 98006 is its median household income of $197,344, which signals a high-earning community. This figure places the area among the more affluent ZIP codes, offering a strong economic foundation for businesses targeting higher-income consumers. On the housing front, the median home value is an impressive $1,233,500, reflecting a premium real estate market. For renters, the median rent is $2,869 per month, which aligns with the area’s elevated cost of living. These numbers highlight the financial commitment required to live in this ZIP code, but also the potential for significant returns on property investments.

Race & Ethnicity

The demographic makeup of ZIP 98006 is notably diverse, fostering a multicultural environment. The racial composition includes 43.65% White, 41.21% Asian, 1.56% Black, and 8.48% Hispanic residents. This near-balanced split between White and Asian populations, alongside smaller but significant Hispanic representation, points to a community rich in cultural perspectives. For businesses, this diversity can translate into varied customer needs and opportunities for niche markets, while families may appreciate the inclusive atmosphere when considering a move.

Key Facts

• Total population: 40,770 residents, indicating a substantial community size.
• Total households: 14,075, showing a strong residential presence.
• Median household income: $197,344, reflecting significant earning power.
• Median home value: $1,233,500, positioning this as a high-value real estate market.
• Median rent: $2,869, consistent with the area’s upscale living costs.
• Diverse demographics: 43.65% White, 41.21% Asian, 8.48% Hispanic, and 1.56% Black.
• Total housing units: 14,754, suggesting availability for new residents or investors.

What This Means for You

For homebuyers, ZIP 98006 offers a prestigious address with access to a high-income, diverse community, but it comes with a steep price tag. The median home value of over $1.2 million means you’ll need substantial financial resources or a strategic financing plan to enter this market. However, the investment could pay off given the area’s economic stability and potential for appreciation.

For real estate investors and agents, the combination of high property values and a slight surplus of housing units (14,754 total units versus 14,075 households) suggests opportunities for flipping, rentals, or new listings. The high median rent of $2,869 also indicates a strong rental market for those focusing on income properties.

For small-business owners, the affluent population with a median income of nearly $200,000 offers a customer base with disposable income. Tailoring products or services to this demographic—especially considering the cultural diversity—could yield strong returns. Think premium offerings or culturally specific goods to stand out.

For analysts, the data points to a stable, high-value area with a balanced demographic profile. This ZIP code could serve as a benchmark for studying affluent, diverse communities in suburban settings.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98006? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.