ZIP 98106 - 860Z200US98106 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98106 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the Seattle area, this ZIP code offers a diverse community and a robust housing market. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 98106.

Population & Households

ZIP 98106 is home to a population of 28,889 residents, making it a moderately sized community with a vibrant mix of individuals and families. The area supports 11,496 households, reflecting a strong residential base. With 12,107 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking to enter the market. This balance suggests a stable yet dynamic area where housing demand aligns closely with supply.

Income & Housing Costs

Financially, ZIP 98106 stands out with a median household income of $115,529, signaling a relatively affluent community compared to national averages. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $666,800, reflecting the premium nature of real estate in this Seattle-adjacent area. For renters, the median rent is $1,824 per month, indicating a competitive rental market. These figures suggest that while entry costs are high, the potential for value appreciation and stable rental income could be significant for those investing in property here.

Race & Ethnicity

The demographic makeup of ZIP 98106 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and business owners. The racial composition includes 42.67% White, 15.0% Black, 14.91% Asian, and 15.56% Hispanic residents. This diversity fosters a rich cultural tapestry, which can be a significant asset for businesses catering to varied customer bases or for families seeking an inclusive community. Understanding this mix can help tailor marketing strategies or community engagement efforts for maximum impact.

Key Facts

• Total population in ZIP 98106: 28,889 residents.
• Total households: 11,496, supporting a strong residential foundation.
• Total housing units: 12,107, with a small surplus over occupied homes.
• Median household income: $115,529, indicating economic strength.
• Median home value: $666,800, reflecting a high-value real estate market.
• Median rent: $1,824, pointing to a competitive rental landscape.
• Diverse population: 42.67% White, 15.0% Black, 14.91% Asian, 15.56% Hispanic.

What This Means for You

For homebuyers, ZIP 98106 offers a premium market with median home values at $666,800, suggesting long-term value growth potential in a desirable Seattle-area location. The diverse community and strong median income of $115,529 also point to a stable, thriving neighborhood ideal for families or professionals. Real estate investors and agents will find the slight surplus of housing units (12,107 total vs. 11,496 households) intriguing, as it may signal opportunities for flipping or renting properties, especially with median rents at $1,824. Small-business owners can leverage the area’s diversity and economic strength to target a broad customer base, whether opening a retail shop, restaurant, or service-based business. Analysts can use these metrics to benchmark ZIP 98106 against other areas, identifying trends in housing demand or demographic shifts. Across all groups, the data underscores a competitive yet rewarding market for those ready to invest time and resources.

Run This Study Yourself

• Curious about diving deeper into ZIP 98106 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore 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 inform your homebuying, investment, or business decisions with confidence and precision.