ZIP 98055 - 860Z200US98055 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 98055 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in the heart of a dynamic region, this area offers a blend of diversity, economic opportunity, and housing options. Using the latest 2023 data, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition in 98055. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP code 98055 is home to a vibrant community of 24,851 residents. This population is spread across 9,731 households, indicating a mix of family and individual living arrangements. With 9,994 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest some availability for new residents or investors looking to enter the market. This balance between population and housing units offers a glimpse into the area’s capacity to accommodate growth or shifts in demand.

Income & Housing Costs

Economic stability is a key factor for anyone eyeing ZIP 98055, and the numbers here are promising. The median household income stands at $100,207, reflecting a strong earning potential for residents. This income level supports a robust local economy, which can be a draw for businesses and investors alike. On the housing front, the median house value is $561,600, positioning 98055 as a competitive yet accessible market for buyers in a high-demand region. For renters, the median rent is $2,098 per month, indicating a significant cost for leasing but also potential for landlords seeking steady rental income. These figures highlight both opportunities and challenges in balancing affordability with investment returns.

Race & Ethnicity

Diversity is a defining characteristic of ZIP code 98055, creating a culturally rich environment for residents and businesses. The racial composition includes 36.54% White, 27.61% Asian, 13.27% Hispanic, and 9.75% Black residents, among others. This mix fosters a multicultural community that can appeal to a wide range of people and businesses looking to connect with varied customer bases or talent pools. For small-business owners, this diversity could translate into opportunities to cater to niche markets or build inclusive workplaces that resonate with the local population.

Key Facts

• Total population in ZIP 98055: 24,851 residents.
• Total households: 9,731, with 9,994 housing units available.
• Median household income: $100,207, indicating strong economic health.
• Median house value: $561,600, reflecting a competitive real estate market.
• Median rent: $2,098 per month, suggesting solid rental income potential.
• Diverse community: 36.54% White, 27.61% Asian, 13.27% Hispanic, 9.75% Black.

What This Means for You

For homebuyers, ZIP 98055 offers a chance to join a diverse and economically stable community. The median house value of $561,600 suggests a market where properties hold strong value, though it requires careful budgeting given the income and cost dynamics. Investors and real estate agents will find potential in both the purchase and rental markets, with a median rent of $2,098 signaling demand for leased properties and a slight surplus of housing units hinting at room for strategic acquisitions. Small-business owners can leverage the area’s diversity and solid median income of $100,207 to target a wide customer base with disposable income, especially in industries that thrive on cultural variety. Analysts can use these metrics to benchmark 98055 against neighboring ZIP codes or predict trends in housing demand and economic growth. Across all groups, the data points to a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98055? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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