ZIP 98146 - 860Z200US98146 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98146 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in the Seattle metro region, this ZIP code encompasses a vibrant community of over 28,000 residents. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population, income, housing costs, and cultural diversity of 98146 can help you make informed decisions. Let’s dive into the latest 2023 data to uncover what makes this area unique and how it might align with your goals.

Population & Households

ZIP 98146 is home to a population of 28,182 individuals, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 10,507 households, reflecting a variety of family structures and living arrangements. With 10,986 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance between population and housing suggests a stable community with room for growth or transition.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 98146 stands out with a median household income of $108,460. This figure points to a relatively affluent community, offering financial stability for many residents and potential spending power for local businesses. On the housing front, the median home value is $642,300, reflecting a robust real estate market that could appeal to investors seeking long-term appreciation. For renters, the median rent is $1,721 per month, which aligns with the area’s higher income levels but may pose affordability challenges for some. These numbers highlight 98146 as a premium market with significant economic potential.

Race & Ethnicity

Diversity is a defining feature of ZIP 98146, with a racial and ethnic composition that reflects a multicultural community. White residents make up 46.25% of the population, followed by Hispanic or Latino residents at 20.15%, Asian residents at 18.71%, and Black or African American residents at 8.46%. This blend of backgrounds creates a rich cultural tapestry, which can be a draw for families seeking inclusive environments, businesses targeting diverse customer bases, or investors looking for dynamic, evolving neighborhoods. Understanding this mix can help you anticipate community needs and opportunities.

Key Facts

• Total population: 28,182 residents in ZIP 98146.
• Total households: 10,507, indicating a mix of family and individual living arrangements.
• Total housing units: 10,986, suggesting some availability for new occupants.
• Median household income: $108,460, reflecting a strong local economy.
• Median home value: $642,300, pointing to a high-value real estate market.
• Median rent: $1,721, indicative of a competitive rental landscape.
• Diverse population: 46.25% White, 20.15% Hispanic, 18.71% Asian, 8.46% Black.

What This Means for You

For homebuyers, ZIP 98146 offers a prosperous yet competitive housing market. With a median home value of $642,300, you’ll need to budget for a premium price point, but the area’s median income of $108,460 suggests a community with financial stability, potentially reducing turnover and fostering neighborhood cohesion. Investors and real estate agents will find opportunity in the slight surplus of housing units (10,986 total vs. 10,507 households), which could signal room for rentals or flips, especially given the strong home values. Small-business owners can leverage the diverse population and solid income levels to target a wide range of customers with disposable income. Analysts can use this data as a benchmark to compare 98146 with neighboring ZIP codes or track trends over time. Whatever your role, these insights provide a foundation for strategic planning in this dynamic area.

Run This Study Yourself

Want to explore ZIP 98146 or any other area in greater detail? Follow these simple steps to uncover tailored demographic and housing insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investing, or business decisions with confidence.