ZIP 98008 - 860Z200US98008 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98008, located in the Bellevue area of Washington, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 27,000 and a median household income exceeding $175,000, this area stands out as an affluent and diverse locale. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the data behind ZIP 98008 can help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 98008 is home to 27,138 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 9,407 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 10,048, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout metrics for ZIP 98008 is its median household income of $175,242, which points to a high-earning community with significant purchasing power. This income level supports a robust housing market, where the median house value reaches $1,130,000. For renters, the median rent is $2,480 per month, reflecting the premium cost of living in this desirable area. These figures underscore ZIP 98008 as a high-value market, appealing to those with the financial capacity to invest in or reside in a prosperous neighborhood.

Race & Ethnicity

The demographic makeup of ZIP 98008 reveals a diverse community with a rich cultural fabric. White residents account for 51.46% of the population, while Asian residents make up a significant 32.1%, indicating a strong presence of Asian heritage in the area. Hispanic or Latino residents comprise 8.97%, and Black residents represent 1.27%. This diversity can be a draw for families and businesses seeking an inclusive environment, as well as for investors looking at markets with varied cultural influences.

Key Facts

• Total population in ZIP 98008: 27,138 residents.
• Total households: 9,407, with 10,048 total housing units available.
• Median household income: $175,242, reflecting a high-earning community.
• Median house value: $1,130,000, indicative of a premium real estate market.
• Median monthly rent: $2,480, aligning with the area’s affluent status.
• Racial composition: 51.46% White, 32.1% Asian, 8.97% Hispanic, 1.27% Black.

What This Means for You

For homebuyers, ZIP 98008 offers a prestigious address with high property values, ideal for those seeking long-term value appreciation in a wealthy and diverse community. However, the $1.13 million median home price and $2,480 median rent mean you’ll need substantial financial resources to enter this market. Real estate investors and agents can find opportunities in the slight gap between housing units and households, potentially targeting vacant properties for rental or resale in this high-demand area. Small-business owners should note the high median income of $175,242, which suggests residents have disposable income for premium goods and services—think specialty retail, dining, or professional services tailored to an affluent clientele. Analysts can use these metrics to benchmark ZIP 98008 against other regions, identifying trends in income disparity, housing affordability, or demographic shifts.

Run This Study Yourself

Curious to dive deeper into ZIP 98008 or compare it with another area? Uncover detailed insights with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a customized report with the latest data.
• Use the insights to inform your decisions, whether for buying, investing, or business planning.