ZIP 98108 - 860Z200US98108 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98108 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Seattle, Washington, this ZIP code offers a diverse community and a dynamic housing market. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and ethnic 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 98108.

Population & Households

ZIP 98108 is home to a population of 24,430 residents, making it a moderately sized community within the Seattle area. These individuals are distributed across 8,526 households, reflecting a mix of family and individual living arrangements. With 9,096 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking to enter the market. This balance between population and housing units suggests a stable yet potentially competitive environment for housing in 98108.

Income & Housing Costs

The median household income in ZIP 98108 stands at $90,806, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be attractive for businesses and investors. On the housing front, the median house value is $693,500, reflecting the high demand and premium real estate market often seen in Seattle’s urban zones. For renters, the median rent is $1,463 per month, which aligns with the area’s income levels but may pose affordability challenges for some. These figures highlight the importance of financial planning for prospective buyers or renters in 98108.

Race & Ethnicity

ZIP 98108 boasts a rich cultural tapestry, with a diverse population that enhances the community’s vibrancy. The racial and ethnic composition is as follows: 37.07% Asian, 25.43% White, 18.95% Black, and 11.27% Hispanic, with the remainder comprising other or mixed-race groups. This diversity can be a significant draw for businesses seeking a varied customer base or for families looking for an inclusive environment. Understanding this mix is also valuable for investors and analysts assessing market needs and community dynamics in 98108.

Key Facts

• Total population: 24,430 residents in ZIP 98108.
• Total households: 8,526, indicating a mix of family and solo living.
• Total housing units: 9,096, suggesting some availability for new occupants.
• Median household income: $90,806, supporting a strong local economy.
• Median house value: $693,500, reflecting a premium real estate market.
• Median rent: $1,463, aligning with income but potentially challenging for some.
• Diverse population: 37.07% Asian, 25.43% White, 18.95% Black, 11.27% Hispanic.

What This Means for You

For homebuyers, ZIP 98108 offers a diverse and vibrant community, but the high median house value of $693,500 means you’ll need to budget carefully or explore financing options to secure a property. The slight surplus of housing units over households could provide some negotiation leverage, though competition remains likely in this desirable Seattle area. Investors and real estate agents will find opportunities in the stable population and strong median income of $90,806, which supports rental demand and property value growth—especially with a median rent of $1,463. Small-business owners can capitalize on the area’s diversity and economic strength, tailoring offerings to a multicultural customer base of over 24,000 residents. Analysts can use these metrics to benchmark 98108 against other ZIP codes, identifying trends in housing affordability and demographic shifts.

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