ZIP 98110 - 860Z200US98110 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98110, located in the heart of Bainbridge Island, Washington, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 24,000 and a robust median household income, this ZIP code stands out as an affluent, stable community. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 98110 is home to 24,607 residents, making it a moderately sized community with a small-town feel despite its proximity to urban centers like Seattle. The area supports 9,827 households, reflecting a strong residential base. With 10,728 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities in this desirable location.

Income & Housing Costs

One of the standout features of ZIP 98110 is its high median household income of $159,882, which places it among the more affluent areas in the region. This financial strength is mirrored in the housing market, where the median house value reaches an impressive $1,076,200. For renters, the median rent is $2,081 per month, reflecting the premium cost of living in this area. These figures suggest a community with significant purchasing power, but also a high barrier to entry for those on tighter budgets.

Race & Ethnicity

The demographic makeup of ZIP 98110 is predominantly White, with 83.32% of the population identifying as such. Other groups include Asian residents at 3.93%, Hispanic or Latino at 4.34%, and Black or African American at just 0.25%. This composition points to a relatively homogenous community, which may influence cultural dynamics, local businesses, and community engagement. For businesses or investors, understanding this demographic profile can help tailor services or marketing strategies to the majority population while considering opportunities to serve smaller, diverse segments.

Key Facts

• Total population: 24,607 residents in 2023, offering a sizable community for businesses and investors.
• Total households: 9,827, indicating a strong residential foundation.
• Total housing units: 10,728, suggesting potential availability for new buyers or renters.
• Median household income: $159,882, reflecting significant local wealth.
• Median house value: $1,076,200, positioning this as a high-end real estate market.
• Median rent: $2,081, aligning with the area’s premium cost of living.
• Racial composition: 83.32% White, 3.93% Asian, 4.34% Hispanic, 0.25% Black, showing limited diversity.

What This Means for You

For homebuyers, ZIP 98110 offers a prestigious address with high property values, ideal if you’re seeking long-term appreciation and a stable, affluent community. However, the $1.07 million median home price means you’ll need substantial financial resources or a strategic financing plan. Renters should prepare for costs around $2,081 monthly, which may appeal to those prioritizing location over ownership.

For real estate investors and agents, the slight surplus of housing units (10,728 vs. 9,827 households) hints at potential vacancies or opportunities for rental properties or flips. The high median income of residents suggests demand for premium properties, but competition could be fierce given the price point.

For small-business owners, the affluent demographic with a $159,882 median income presents a customer base with disposable income for high-quality goods and services. Focus on niche markets or luxury offerings, but be mindful of high operational costs like rent in this area.

For analysts, the data underscores a homogenous, wealthy community with limited diversity, which could shape social or economic studies. The housing surplus and income levels also provide fertile ground for deeper market analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98110? 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, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.