ZIP 98144 - 860Z200US98144 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98144, 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 cultural diversity in this dynamic neighborhood. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 98144 is home to a vibrant community of 33,048 residents. This population is spread across 15,696 households, indicating a mix of family and individual living arrangements. With 16,381 total housing units in the area, there’s a slight surplus of homes compared to households, which could suggest some availability for new residents or investors looking to enter the market. This balance is worth noting if you’re evaluating housing demand or planning a move to this area.

Income & Housing Costs

The median household income in ZIP 98144 stands at $94,051, reflecting a relatively strong economic base for the community. This income level supports a robust local economy, which can be a draw for businesses and investors. However, housing costs are significant, with a median house value of $890,400. For renters, the median monthly rent is $1,805, which aligns with the high property values in this area. These figures suggest that while the area offers economic opportunity, affordability may be a challenge for some prospective residents or buyers.

Race & Ethnicity

ZIP 98144 boasts a diverse population, which adds to the cultural richness of the neighborhood. The racial composition includes 44.95% White, 12.8% Black, 19.33% Asian, and 11.17% Hispanic residents. This diversity creates a multifaceted community, offering a blend of perspectives and experiences. For businesses, this mix can translate into a broad customer base, while homebuyers may appreciate the inclusive and varied social fabric of the area.

Key Facts

• Total population: 33,048 residents, indicating a sizable community.
• Total households: 15,696, showing a mix of living arrangements.
• Total housing units: 16,381, suggesting some availability in the market.
• Median household income: $94,051, reflecting economic strength.
• Median house value: $890,400, highlighting a high-cost housing market.
• Median rent: $1,805 per month, consistent with property values.
• Diverse demographics: 44.95% White, 19.33% Asian, 12.8% Black, 11.17% Hispanic.

What This Means for You

For homebuyers, ZIP 98144 offers a diverse and vibrant community, but the high median home value of $890,400 means you’ll need to budget accordingly or explore financing options. The slight surplus of housing units could provide some negotiation leverage, though competition may still be stiff given the area’s appeal.

For investors and real estate agents, the combination of high property values and a strong median income suggests potential for solid returns, especially in rental properties where the median rent is $1,805. The diversity and population size also indicate sustained demand for housing, making this ZIP code a promising area for long-term investments.

For small-business owners, the economic strength and cultural diversity of ZIP 98144 present opportunities to cater to a wide range of customers. With 33,048 residents and a median household income of $94,051, there’s purchasing power to support local businesses, particularly those offering unique or culturally relevant products and services.

For analysts, these metrics provide a foundation for deeper research into market trends, housing affordability, and community needs. The data points to a competitive housing market and a diverse demographic profile worth exploring further.

Run This Study Yourself

• Want to dive deeper into ZIP 98144 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report tailored to your needs, whether you’re buying, investing, or planning a business.
• Use the insights to make informed decisions with confidence, backed by the latest available data.