ZIP 98021 - 860Z200US98021 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98021, located in the Bothell area of Washington, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 98021 will guide your next steps with confidence.

Population & Households

ZIP 98021 is home to a thriving community of 35,445 residents. This population is spread across 12,113 households, indicating a robust residential base. The total number of housing units stands at 12,629, suggesting a tight housing market with limited vacancy. For families and individuals looking to settle here, this points to a stable, populated area with strong demand for homes. Businesses and investors can also see potential in a community of this size, as it supports a sizable customer or tenant base.

Income & Housing Costs

One of the standout metrics for ZIP 98021 is its median household income of $172,559. This figure reflects a high-earning community, well above national averages, which signals strong purchasing power for local businesses and a desirable market for real estate investors. On the housing front, the median home value is $902,800, indicating a premium market where properties hold significant value. For renters, the median rent is $2,537 per month, which aligns with the area’s high cost of living. These numbers suggest that ZIP 98021 is a market for those with substantial budgets, whether buying, renting, or investing.

Race & Ethnicity

The demographic makeup of ZIP 98021 is diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 54.8% White, 29.06% Asian, 8.98% Hispanic, and 1.12% Black residents. This diversity can be a draw for families seeking inclusive communities and for businesses aiming to cater to varied customer needs. It also reflects a culturally rich area that may influence local markets, dining, and community events, providing unique opportunities for engagement.

Key Facts

• Total population: 35,445 residents in ZIP 98021.
• Total households: 12,113, supporting a strong residential community.
• Total housing units: 12,629, indicating limited availability.
• Median household income: $172,559, showcasing high earning potential.
• Median home value: $902,800, reflecting a premium real estate market.
• Median rent: $2,537, consistent with the area’s upscale profile.
• Racial diversity: 54.8% White, 29.06% Asian, 8.98% Hispanic, 1.12% Black.

What This Means for You

For homebuyers, ZIP 98021 offers a high-quality living environment with a median home value of $902,800, but it requires a significant financial commitment. The high median income of $172,559 suggests neighbors with strong economic stability, which can contribute to a secure, well-maintained community. However, with only 12,629 housing units for 35,445 people, competition for homes may be fierce—be prepared to act quickly.

Real estate investors and agents will find ZIP 98021 to be a lucrative market. The high home values and rents ($2,537 median) indicate strong returns on investment, especially for rental properties catering to affluent tenants. The limited housing stock also suggests potential for appreciation over time, though acquisition costs will be steep.

Small-business owners can leverage the area’s high median income and diverse population of 35,445. With significant disposable income in the community, there’s room for premium products and services. The cultural diversity also opens doors for niche markets, from ethnic cuisine to specialized retail, tailored to the 29.06% Asian or 8.98% Hispanic demographics.

Analysts studying ZIP 98021 will note the tight housing-to-household ratio and high costs as indicators of a competitive, upscale market. These metrics can inform broader regional studies or investment strategies, highlighting ZIP 98021 as a standout area for wealth and diversity in the Bothell region.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98021? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.