ZIP 98102 - 860Z200US98102 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98102, located in the heart of Seattle, Washington, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in this vibrant urban area. 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 in 98102.

Population & Households

ZIP 98102 is home to a population of 26,583 residents as of 2023. This area, often associated with Seattle’s Capitol Hill neighborhood, reflects a dense, urban community with a significant number of households—16,858 in total. With 17,944 housing units available, the area shows a tight housing market, where demand often outpaces supply. This balance of population and housing suggests a competitive environment for renters and buyers alike, with implications for affordability and availability.

Income & Housing Costs

The median household income in ZIP 98102 stands at $114,395, indicating a relatively affluent community compared to national averages. This income level supports a robust local economy, which can be attractive for businesses targeting higher-earning consumers. However, housing costs reflect this prosperity: the median house value is $988,700, positioning 98102 as a premium real estate market. For renters, the median rent is $1,920 per month, which may pose challenges for those with lower or moderate incomes. These figures highlight the financial commitment required to live in this area, whether renting or buying.

Race & Ethnicity

The demographic makeup of ZIP 98102 offers a glimpse into its cultural diversity. The population is predominantly White at 68.06%, followed by Asian residents at 12.26%. Hispanic or Latino individuals account for 7.52% of the population, while Black residents make up 2.0%. This composition reflects a community with a strong White majority but notable representation from other racial and ethnic groups, contributing to a varied social fabric. For businesses and investors, this diversity can inform marketing strategies and community engagement efforts.

Key Facts

• Total population in ZIP 98102: 26,583 residents as of 2023.
• Total households: 16,858, indicating a high density of living arrangements.
• Total housing units: 17,944, suggesting limited availability relative to demand.
• Median household income: $114,395, reflecting a strong economic base.
• Median house value: $988,700, a significant investment for potential buyers.
• Median rent: $1,920 per month, a notable cost for renters.
• Racial composition: 68.06% White, 12.26% Asian, 7.52% Hispanic, 2.0% Black.

What This Means for You

For homebuyers, ZIP 98102 offers a dynamic urban lifestyle but comes with a steep price tag. With median home values nearing $1 million, securing a property here requires substantial financial planning or resources. The high median rent of $1,920 also signals that renting may not be a budget-friendly alternative for long-term residents. However, the area’s affluence and central location could mean strong property value appreciation over time.

For real estate investors and agents, the limited housing stock (17,944 units for 16,858 households) points to a competitive market with potential for high returns, especially in rentals or flips. The high median income suggests tenants and buyers with purchasing power, but you’ll need to navigate a market where inventory is tight and prices are elevated.

For small-business owners, the demographic profile and income levels in 98102 present opportunities to cater to a well-off, diverse customer base. Retail, dining, or service-based businesses could thrive here, especially if tailored to the needs and preferences of a younger, urban demographic. However, high rent costs for commercial spaces may be a barrier to entry.

For analysts, the data underscores trends in urban density, affordability challenges, and demographic shifts that can inform broader studies of Seattle’s housing and economic landscape. The diversity and income disparities within 98102 also offer a microcosm of larger regional patterns worth exploring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98102? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to guide your decisions, whether you’re buying a home, investing, or planning a business venture in any area.