ZIP 98007 - 860Z200US98007 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98007, located in Bellevue, Washington, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 98007 unique and how it might align with your goals.

Population & Households

ZIP 98007 is home to a vibrant community of 26,838 residents. This population is spread across 11,543 households, indicating a mix of family and individual living arrangements. The total number of housing units in the area stands at 12,403, suggesting a slight surplus of available homes or apartments relative to current household numbers. For those eyeing this area for residential or investment purposes, this balance could mean opportunities to find a place that fits your needs or portfolio.

Income & Housing Costs

One of the standout features of ZIP 98007 is its strong economic profile. The median household income here is $126,814, reflecting a community with significant earning power. This figure is particularly relevant for small-business owners looking to tap into a market with disposable income, or for homebuyers assessing affordability relative to their own finances.

On the housing front, the median home value in ZIP 98007 is $934,600, positioning this area as a high-value real estate market. For investors and agents, this suggests potential for appreciation, though it also means a higher barrier to entry for first-time buyers. Renters, meanwhile, face a median rent of $2,276 per month, which aligns with the area’s upscale housing costs. These numbers highlight the importance of financial planning when considering a move or investment in this ZIP code.

Race & Ethnicity

ZIP 98007 boasts a notably diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial composition breaks down as follows: 45.65% Asian, 30.85% White, 11.91% Hispanic, and 5.45% Black, with the remainder comprising other or mixed-race individuals. This diversity can be a draw for businesses seeking a broad customer base or for families looking for an inclusive community to call home. It also signals a dynamic local culture that could influence everything from dining options to community events.

Key Facts

• Total population: 26,838 residents in ZIP 98007.
• Total households: 11,543, with 12,403 housing units available.
• Median household income: $126,814, indicating strong local earning power.
• Median home value: $934,600, reflecting a premium real estate market.
• Median rent: $2,276 per month, consistent with high housing costs.
• Dominant racial group: Asian at 45.65%, followed by White at 30.85%.
• Significant diversity with Hispanic (11.91%) and Black (5.45%) populations.

What This Means for You

For homebuyers, ZIP 98007 offers a prosperous but pricey market. With a median home value of $934,600, you’ll need to budget carefully, but the area’s high median income of $126,814 suggests a stable community with potential for long-term value growth. The diversity and population size also mean access to varied amenities and a welcoming environment.

For investors and real estate agents, the numbers point to a competitive market with strong demand. The slight surplus of housing units (12,403 vs. 11,543 households) could indicate room for rental investments, especially with a median rent of $2,276. However, the high entry cost means focusing on clients or properties with significant capital.

For small-business owners, the high median income and diverse population of 26,838 present a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, tailoring offerings to a multicultural and affluent demographic could drive success in ZIP 98007.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, and community needs. The data suggests a stable, growing area worth monitoring for shifts in population or income dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for ZIP 98007? Start by visiting ZipcodeGPT to access powerful demographic tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, covering population, housing, income, and more.
• Use the insights to make data-driven decisions for your home search, investment strategy, or business plan.