ZIP 98052 - 860Z200US98052 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98052, located in the heart of Redmond, Washington, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, high median incomes, and a competitive housing market, this ZIP code stands out as a dynamic and diverse community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 98052 is home to a substantial population of 79,074 residents as of 2023, making it a vibrant and active area. This population is distributed across 33,055 households, reflecting a strong community base. With 34,946 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors, though competition remains high given the area’s desirability.

Income & Housing Costs

One of the standout metrics for ZIP 98052 is its median household income of $164,848, which is significantly above national averages. This suggests a prosperous community with strong earning potential, appealing to professionals and families seeking economic stability. However, housing costs reflect this affluence: the median house value is $1,107,900, positioning this area as a premium real estate market. For renters, the median rent is $2,339 per month, indicating that affordability may be a challenge for some, though it aligns with the high-income profile of the area.

Race & Ethnicity

The demographic makeup of ZIP 98052 is notably diverse, offering a multicultural environment that can enrich community life and business opportunities. The racial composition includes 47.38% White, 38.42% Asian, 6.73% Hispanic, and 2.07% Black residents. This diversity, particularly the significant Asian population, reflects the area’s appeal to a wide range of cultural backgrounds, which could be a draw for businesses catering to varied customer bases or families seeking inclusive communities.

Key Facts

• Total population: 79,074 residents, indicating a sizable and active community.
• Total households: 33,055, showing a strong base of family and individual units.
• Total housing units: 34,946, suggesting limited but present housing availability.
• Median household income: $164,848, reflecting high earning potential.
• Median house value: $1,107,900, marking this as a premium housing market.
• Median rent: $2,339, aligning with the area’s high cost of living.
• Racial diversity: 47.38% White, 38.42% Asian, 6.73% Hispanic, 2.07% Black, showcasing a multicultural population.

What This Means for You

For homebuyers, ZIP 98052 offers a high-quality lifestyle with access to a prosperous and diverse community, but be prepared for steep home prices averaging over $1.1 million. Saving for a substantial down payment or exploring financing options will be key to entering this market. Real estate investors and agents will find opportunities in the slight surplus of housing units (34,946 vs. 33,055 households), though the high median value suggests a focus on luxury or long-term appreciation properties rather than quick flips. The high rental rates also point to potential in the rental market for those targeting high-income tenants.

For small-business owners, the affluent population with a median income of $164,848 means customers likely have disposable income for premium goods and services. Additionally, the diverse demographic profile offers a chance to tailor offerings to a multicultural audience, especially with a strong Asian community presence. Analysts can use these metrics to benchmark ZIP 98052 against other areas, noting its high income and housing costs as indicators of economic strength, balanced against affordability challenges for lower-income groups.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98052? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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• Use the insights to compare areas, identify trends, and make data-driven decisions for your next home, investment, or business venture.