ZIP 98011 - 860Z200US98011 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98011, located in the vibrant Bothell area of Washington, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 28,000 and a strong economic profile, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics that define this ZIP code, from population dynamics to housing costs and cultural diversity, to help you make informed decisions.

Population & Households

ZIP 98011 is home to 28,250 residents, making it a moderately sized community with a suburban feel yet close to urban amenities. These residents are distributed across 11,543 households, reflecting a mix of family units, singles, and professionals. The total number of housing units stands at 12,424, 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

Economically, ZIP 98011 stands out with a median household income of $127,445, well above the national average. This figure points to a prosperous community with significant purchasing power, which is a key consideration for businesses targeting higher-income demographics. On the housing front, the median home value is $888,000, reflecting a premium real estate market that aligns with the area’s economic strength and desirable location near Seattle’s tech hubs. For renters, the median monthly rent is $2,223, which is also on the higher side, signaling a competitive rental market. These numbers highlight the financial commitment required to live in this area, but also the potential for strong returns on real estate investments.

Race & Ethnicity

The cultural fabric of ZIP 98011 is diverse, offering a welcoming environment for a variety of backgrounds. The racial composition includes 64.05% White, 17.46% Asian, 9.63% Hispanic, and 0.86% Black residents, among other groups. This diversity is particularly appealing for businesses aiming to serve a broad customer base or for families seeking an inclusive community. The significant Asian population, for instance, may influence local markets, cuisine, and cultural events, adding to the area’s unique character.

Key Facts

• Total population: 28,250 residents, offering a sizable community for engagement.
• Total households: 11,543, indicating a strong base of local consumers.
• Median household income: $127,445, reflecting high earning potential.
• Median home value: $888,000, positioning this as a premium housing market.
• Median rent: $2,223 per month, suggesting a competitive rental landscape.
• Racial diversity: 64.05% White, 17.46% Asian, 9.63% Hispanic, fostering a multicultural environment.
• Total housing units: 12,424, with some availability for new residents or investors.

What This Means for You

For homebuyers, ZIP 98011 offers a high-quality lifestyle backed by strong incomes and a diverse community, though the $888,000 median home value means you’ll need to budget for a significant investment. The slight surplus of housing units could provide some negotiation leverage if timed right. Real estate investors and agents will find a lucrative market here, with high property values and rents suggesting solid returns, especially if targeting tech professionals or families relocating to the Bothell area. Keep an eye on the 881 unoccupied units for potential flips or rentals. Small-business owners can tap into a wealthy and diverse customer base, ideal for niche markets like specialty foods, cultural services, or premium retail—consider the Asian and Hispanic demographics for tailored offerings. Finally, analysts can use these metrics to benchmark ZIP 98011 against neighboring areas, identifying trends in income growth or housing demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98011’s trends? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your next move, investment, or business strategy with confidence.