ZIP 98122 - 860Z200US98122 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98122, located in the heart of Seattle, Washington, understanding the local demographics and housing landscape is essential. This snapshot for 2023 offers a clear, data-driven look at the area’s population, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about this dynamic urban area.

Population & Households

ZIP 98122 is home to a vibrant community of 42,001 residents as of 2023. This population is spread across 23,153 households, indicating a dense, urban environment with a mix of singles, families, and shared living arrangements. The total number of housing units in the area stands at 24,942, suggesting a slight surplus of available properties compared to occupied households. This could point to opportunities for renters or buyers looking to settle in a bustling neighborhood with access to Seattle’s amenities.

Income & Housing Costs

The median household income in ZIP 98122 is $106,479, reflecting 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. However, housing costs are notably high, with a median house value of $929,400. This figure underscores the premium placed on real estate in this area, likely driven by its proximity to downtown Seattle and desirable urban lifestyle.

For renters, the median rent is $1,991 per month, which aligns with the high cost of living in the region. These figures suggest that while ZIP 98122 offers economic opportunities, affordability may be a challenge for some prospective residents or tenants. Buyers and investors should weigh these costs against potential appreciation and rental income potential.

Race & Ethnicity

ZIP 98122 boasts a diverse population, which adds to its cultural richness and appeal. The racial composition includes 58.08% White, 9.1% Black, 14.73% Asian, and 8.08% Hispanic residents. This mix reflects a multicultural environment that can benefit businesses catering to varied customer bases and families seeking inclusive communities. The diversity also suggests a range of perspectives and experiences, contributing to a vibrant local culture that could influence everything from dining options to community events.

Key Facts

• Total population: 42,001 residents, indicating a sizable urban community.
• Total households: 23,153, showing a dense living arrangement typical of city life.
• Total housing units: 24,942, with a small surplus over occupied households.
• Median household income: $106,479, suggesting strong earning potential.
• Median house value: $929,400, reflecting a high-cost real estate market.
• Median rent: $1,991, aligning with the area’s elevated living expenses.
• Diverse demographics: 58.08% White, 14.73% Asian, 9.1% Black, and 8.08% Hispanic.

What This Means for You

For homebuyers, ZIP 98122 offers a vibrant, diverse community with access to urban amenities, but the high median home value of $929,400 means you’ll need a substantial budget or financing strategy. Focus on properties with growth potential or consider renting if buying isn’t feasible yet, given the median rent of $1,991.

For investors and real estate agents, the slight surplus of housing units (24,942 total vs. 23,153 households) could signal opportunities for rental properties or flips, especially with a median income of $106,479 supporting tenant affordability. However, high entry costs require careful financial planning to ensure returns.

For small-business owners, the diverse population of 42,001 and strong median income present a promising customer base. Tailor your offerings to a multicultural audience and capitalize on the urban density to drive foot traffic, while being mindful of high operational costs like rent.

For analysts, these metrics highlight ZIP 98122 as a high-value, high-cost area with economic strength and cultural diversity. Use this data to benchmark against other Seattle ZIP codes or urban markets for deeper comparative insights.

Run This Study Yourself

• Curious about other areas or want updated stats for ZIP 98122? Dive into detailed demographic and housing data on your own.
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