ZIP 98092 - 860Z200US98092 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98092, located in the vibrant Auburn area of Washington, this demographic and housing snapshot offers a clear picture of what to expect. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for this dynamic community and uncover the opportunities it holds.

Population & Households

ZIP 98092 is home to a substantial population of 50,510 residents, making it a sizable and active community. This area supports 16,994 households, reflecting a strong residential base for families, professionals, and retirees alike. With 17,532 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. For businesses, this population size suggests a robust customer base with diverse needs and spending potential.

Income & Housing Costs

One of the standout metrics for ZIP 98092 is its median household income of $116,614, which points to a relatively affluent community with significant purchasing power. This income level can support local businesses and attract retailers or service providers targeting middle- to upper-income demographics. On the housing front, the median home value stands at $594,800, reflecting a competitive real estate market that could appeal to investors seeking appreciation potential. For renters, the median rent is $1,870 per month, indicating a strong rental market that may interest landlords or property managers. These figures suggest that while entry costs are high, the financial stability of residents could balance the equation for the right buyers or businesses.

Race & Ethnicity

The cultural fabric of ZIP 98092 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial composition includes 54.35% White, 3.47% Black, 13.81% Asian, and 14.69% Hispanic residents. This diversity can be a significant draw for families seeking an inclusive environment and for businesses aiming to cater to a wide range of cultural preferences and needs. Understanding this mix can help tailor marketing strategies or community engagement efforts to resonate with different segments of the population.

Key Facts

• Total population: 50,510 residents, offering a sizable market for businesses and services.
• Total households: 16,994, indicating a strong residential foundation.
• Median household income: $116,614, reflecting above-average earning potential.
• Median home value: $594,800, suggesting a high-value real estate market.
• Median rent: $1,870, pointing to a robust rental sector.
• Diverse community: 54.35% White, 13.81% Asian, 14.69% Hispanic, and 3.47% Black.
• Total housing units: 17,532, with slight availability over household count.

What This Means for You

For homebuyers, ZIP 98092 offers a prosperous yet competitive market. The median home value of nearly $600,000 requires careful financial planning, but the high median income suggests a stable community with good long-term value. Families will appreciate the diversity and size of the population, which often correlates with strong schools and amenities. Investors and real estate agents should note the tight housing supply relative to demand, as well as the strong rental market—median rents of $1,870 could yield solid returns for rental properties. The area’s income levels also support potential for luxury or high-end property developments. For small-business owners, the population of over 50,000 and above-average incomes present a promising customer base. Tailoring offerings to the diverse demographic—particularly the significant Asian and Hispanic communities—could unlock niche markets. Analysts can use these metrics to benchmark ZIP 98092 against neighboring areas, identifying trends in income growth or housing demand.

Run This Study Yourself

Want to dig deeper into ZIP 98092 or compare it with another area? Follow these steps to get customized insights:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report tailored to your needs.
• Use the data to inform your homebuying, investment, or business strategy with confidence.