ZIP 98119 - 860Z200US98119 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98119, located in the heart of Seattle, Washington, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view 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 can help you make informed decisions about living, working, or investing in 98119.

Population & Households

ZIP 98119 is home to a population of 26,390 residents as of 2023. This area supports a significant number of households, totaling 13,861, which suggests a mix of family units, singles, and shared living arrangements. With 15,323 total housing units in the area, there’s a slight surplus of units over households, indicating some availability or vacancy that could be of interest to buyers or investors looking for opportunities in this market.

Income & Housing Costs

One of the standout metrics for ZIP 98119 is its median household income, which sits at an impressive $125,021 annually. This figure points to a relatively affluent community, likely attracting professionals and higher-earning households. However, housing costs reflect this prosperity. The median house value in 98119 is $1,032,500, positioning this area as a premium real estate market. For renters, the median rent is $1,963 per month, which aligns with the high cost of living and suggests that rental properties could be a viable investment for those targeting well-paid tenants.

Race & Ethnicity

The demographic makeup of ZIP 98119 reveals a diverse yet predominantly white population. As of 2023, 66.61% of residents identify as white, followed by 12.23% Asian, 9.19% Hispanic, and 2.75% Black. This composition indicates a multicultural environment with a strong representation of various ethnic groups, which can influence community dynamics, cultural offerings, and business opportunities. For small-business owners, this diversity could mean a broader customer base with varied needs and preferences.

Key Facts

• Total population in ZIP 98119: 26,390 residents.
• Total households: 13,861, indicating a mix of living arrangements.
• Total housing units: 15,323, suggesting some availability for new occupants.
• Median household income: $125,021, reflecting a high-earning community.
• Median house value: $1,032,500, a premium price point for buyers.
• Median rent: $1,963 per month, appealing to investors targeting renters.
• Racial composition: 66.61% white, 12.23% Asian, 9.19% Hispanic, 2.75% Black.

What This Means for You

For homebuyers, ZIP 98119 offers a high-income, urban lifestyle but comes with a steep price tag. With median home values over $1 million, you’ll need to budget accordingly or explore financing options to enter this market. The slight surplus of housing units over households might mean less competition for available properties, but expect premium pricing.

Real estate investors and agents will find 98119 appealing due to the high median rent of $1,963, which suggests strong rental demand among affluent tenants. The area’s income levels and housing costs indicate a stable market for long-term investments, though initial capital requirements will be significant.

Small-business owners can leverage the diverse population and high disposable income in 98119 to target a wide range of customers. Whether you’re opening a retail store, restaurant, or service-based business, the cultural mix and financial capacity of residents could support niche offerings or premium pricing strategies.

Analysts studying urban trends will note that 98119 exemplifies a high-cost, high-income urban ZIP code with a diverse demographic base. This area could serve as a case study for gentrification, housing affordability challenges, or multicultural community dynamics in a major city like Seattle.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98119? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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