ZIP 98074 - 860Z200US98074 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98074, located in the heart of Washington’s thriving Eastside, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 30,000 and a median household income exceeding $230,000, this ZIP code reflects affluence, diversity, and a competitive housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you understand the community’s makeup and economic landscape to make informed decisions.

Population & Households

ZIP 98074 is home to 30,850 residents, making it a moderately sized community with a strong suburban feel. These individuals are distributed across 10,128 households, indicating an average household size of roughly three people. This balance of population density and household structure suggests a family-friendly environment with a mix of single-family homes and smaller living arrangements. For those eyeing this area, the population size supports a robust local market for goods, services, and community engagement.

Income & Housing Costs

One of the standout features of ZIP 98074 is its economic strength, with a median household income of $234,013. This figure places the area among the higher-income brackets in the region, reflecting a community with significant purchasing power and financial stability. Housing costs align with this affluence: the median house value stands at $1,211,700, signaling a premium real estate market. For renters, the median monthly rent is $2,685, which is substantial but consistent with the area’s income levels and property values. These metrics highlight ZIP 98074 as a high-demand location where housing investments or business ventures could see strong returns, though entry costs are notably steep.

Race & Ethnicity

The demographic composition of ZIP 98074 showcases a diverse yet predominantly white and Asian community. White residents make up 50.59% of the population, while Asian residents account for a significant 39.6%, reflecting a strong cultural presence that could influence local businesses, schools, and community events. Hispanic residents comprise 3.76% of the population, and Black residents represent 0.49%. This diversity offers a unique blend of perspectives and opportunities for cultural exchange, making the area appealing to those who value a multicultural environment.

Key Facts

• Total population in ZIP 98074: 30,850 residents.
• Total households: 10,128, with an average size of about three people.
• Median household income: $234,013, indicating high economic capacity.
• Median house value: $1,211,700, reflecting a premium housing market.
• Median monthly rent: $2,685, consistent with the area’s affluence.
• Racial composition: 50.59% White, 39.6% Asian, 3.76% Hispanic, 0.49% Black.
• Total housing units: 10,220, with a near-full occupancy rate.

What This Means for You

For homebuyers, ZIP 98074 offers a prestigious address with access to a high-income, diverse community, but be prepared for a competitive market with home values averaging over $1.2 million. This area could be ideal if you’re seeking long-term value appreciation and a family-oriented environment. Real estate investors and agents will find opportunities in a market with strong demand and limited inventory, as evidenced by the near-full occupancy of 10,220 housing units—though high entry costs mean targeting affluent buyers or renters is key. Small-business owners can tap into a wealthy customer base with disposable income, especially in sectors like tech, education, or cultural services that resonate with the significant Asian and White demographic. Consider the high rent costs when planning a brick-and-mortar location. Finally, analysts can use these metrics to benchmark ZIP 98074 against neighboring areas, focusing on income disparities and housing trends for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98074? 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 home purchase, investment, or business strategy with confidence.