ZIP 98117 - 860Z200US98117 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98117, located in the heart of Seattle’s vibrant northwest region, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a strong economic profile, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 98117 is home to 35,147 residents, making it a moderately sized community within the Seattle metro area. These individuals are distributed across 14,588 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 15,230, indicating a slight surplus of available homes relative to occupied households. This small gap could signal opportunities for buyers or renters looking to enter the market, though competition remains a factor given the area’s desirability.

Income & Housing Costs

Economically, ZIP 98117 stands out with a median household income of $182,500, well above national averages. This figure suggests a prosperous community with significant purchasing power, which can be a draw for businesses targeting higher-income demographics. However, housing costs align with this affluence: the median house value is an impressive $1,028,100, reflecting the premium placed on real estate in this area. For renters, the median monthly rent is $2,197, which indicates a high cost of entry for those not ready to buy. These numbers underscore the importance of financial planning for anyone considering a move or investment in 98117.

Race & Ethnicity

The demographic makeup of ZIP 98117 is predominantly White, with 78.69% of residents identifying as such. Asian residents account for 7.6% of the population, while Hispanic or Latino individuals make up 4.42%. Black residents represent a smaller share at 0.89%. This composition reflects a relatively homogenous community with pockets of diversity, which may influence cultural amenities, community events, and business opportunities catering to specific groups. Understanding this mix can help stakeholders tailor their strategies, whether for marketing a business or choosing a neighborhood that aligns with personal or family needs.

Key Facts

• Total population in ZIP 98117: 35,147 residents as of 2023.
• Total households: 14,588, indicating a mix of living arrangements.
• Total housing units: 15,230, with a small surplus over occupied homes.
• Median household income: $182,500, signaling strong economic stability.
• Median house value: $1,028,100, reflecting a high-end real estate market.
• Median rent: $2,197 per month, a significant cost for renters.
• Racial composition: 78.69% White, 7.6% Asian, 4.42% Hispanic, 0.89% Black.

What This Means for You

For homebuyers, ZIP 98117 offers a stable, affluent community but comes with a steep price tag. With median home values exceeding $1 million, securing financing or a substantial down payment is critical. The slight surplus of housing units might provide some negotiating room, but expect competition in this sought-after area. Investors and real estate agents will find a lucrative market here, with high property values and strong household incomes suggesting good returns on investment properties or flips—though high entry costs mean careful market timing is essential. Small-business owners can capitalize on the area’s wealth, targeting premium products or services to a demographic with disposable income; however, high rents for commercial spaces may pose a challenge. Analysts can use this data to benchmark 98117 against neighboring ZIP codes, identifying trends in housing demand or demographic shifts that could influence future growth.

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