ZIP 98072 - 860Z200US98072 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98072, located in the vibrant Woodinville area of Washington, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 25,000 and a strong economic foundation, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 98072 stand out.

Population & Households

ZIP 98072 is home to 24,922 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,593 households, reflecting a mix of family and individual living arrangements. With 9,897 total housing units in the area, there’s a slight surplus of homes relative to households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

One of the standout features of ZIP 98072 is its robust economic profile. The median household income here is an impressive $174,599, pointing to a high-earning population with significant purchasing power. This financial strength is mirrored in the housing market, where the median house value stands at $1,067,000. For renters, the median monthly rent is $2,334, reflecting the premium cost of living in this desirable area. These figures highlight ZIP 98072 as a high-value market, appealing to those who can afford upscale living or are looking for strong investment returns.

Race & Ethnicity

The demographic makeup of ZIP 98072 offers insight into its cultural diversity. The population is predominantly White at 69.97%, with notable representation from Asian residents at 12.95%. Hispanic or Latino individuals account for 8.37% of the population, while Black residents make up 1.27%. This mix suggests a community with a strong multicultural presence, particularly appealing to those who value diverse neighborhoods or are targeting specific customer bases for business ventures.

Key Facts

• Total population: 24,922 residents, offering a mid-sized community vibe.
• Total households: 9,593, indicating a blend of family and solo living.
• Total housing units: 9,897, with a small surplus over households.
• Median household income: $174,599, reflecting a high-earning population.
• Median house value: $1,067,000, signaling a premium real estate market.
• Median rent: $2,334 per month, aligning with the area’s upscale profile.
• Racial composition: 69.97% White, 12.95% Asian, 8.37% Hispanic, 1.27% Black.

What This Means for You

For homebuyers, ZIP 98072 offers a high-quality lifestyle backed by strong incomes and valuable properties. However, with median home values over $1 million, you’ll need a substantial budget or financing plan to enter this market. The slight surplus of housing units might provide some negotiation leverage if inventory remains available.

For investors and real estate agents, the high median income and home values suggest strong potential for appreciation and rental income, especially with median rents at $2,334. The area’s economic stability makes it a low-risk bet for long-term investments, though high entry costs may limit short-term flips.

For small-business owners, the affluent population with a median income of $174,599 indicates significant disposable income for goods and services. Targeting premium or niche markets—think specialty retail, dining, or professional services—could thrive here, especially given the cultural diversity for tailored offerings.

For analysts, these metrics paint a picture of a prosperous, stable community with a diverse demographic base. The data can inform market studies, urban planning, or business expansion strategies, particularly in high-income suburban areas like ZIP 98072.

Run This Study Yourself

Want to dive deeper into ZIP 98072 or explore another area’s demographics and housing trends? Here’s how you can get started with a powerful tool:

• Visit ZipcodeGPT to access detailed, user-friendly data analysis for any ZIP code.
• Enter the ZIP code of interest to uncover population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying, investing, or planning a business venture.