ZIP 98177 - 860Z200US98177 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 98177, located in the Seattle area, this demographic and housing snapshot offers a clear picture of the community. Based on 2023 data, this area is home to over 20,000 residents and features a robust housing market with high property values and incomes. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living or working in this vibrant neighborhood.

Population & Households

ZIP 98177 has a total population of 20,506, making it a moderately sized community within the Seattle metropolitan region. This population is distributed across 7,990 households, reflecting a mix of family and individual living arrangements. With 8,178 total housing units, the area shows a slight surplus of homes relative to households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout characteristics of ZIP 98177 is its strong economic profile. The median household income stands at $162,607, significantly higher than many other areas, suggesting a community with substantial purchasing power and financial stability. Housing costs align with this affluence: the median house value is $995,700, reflecting a premium real estate market. For renters, the median rent is $2,123 per month, indicating that leasing in this area also comes at a considerable cost. These figures highlight ZIP 98177 as a high-value location for both homeowners and tenants.

Race & Ethnicity

The demographic makeup of ZIP 98177 is predominantly White, with 77.06% of residents identifying as such. Asian residents make up 9.8% of the population, while Hispanic or Latino individuals account for 3.81%. Black or African American residents represent 2.07% of the community. This composition points to a relatively homogenous area with a notable presence of Asian residents compared to other minority groups, which may influence cultural amenities, local businesses, and community dynamics.

Key Facts

• Total population: 20,506 residents in ZIP 98177 as of 2023.
• Total households: 7,990, indicating a mix of family and solo living.
• Total housing units: 8,178, suggesting some availability for new occupants.
• Median household income: $162,607, reflecting a high-earning community.
• Median house value: $995,700, positioning this as a premium housing market.
• Median rent: $2,123 per month, a significant cost for renters.
• Racial composition: 77.06% White, 9.8% Asian, 3.81% Hispanic, 2.07% Black.

What This Means for You

For homebuyers, ZIP 98177 offers a stable, affluent community with high property values. The median home price of nearly $1 million means you'll need substantial financial resources, but it also suggests strong potential for long-term value appreciation. The slight surplus of housing units could provide some negotiation room, though competition may still be fierce given the area's desirability.

For real estate investors and agents, the high median income and home values indicate a market with wealthy buyers and renters. Properties here could yield strong returns, especially for luxury rentals or flips, though the high entry cost of $995,700 median value requires careful financial planning. The rental market, with a median rent of $2,123, also shows demand for quality housing.

For small-business owners, the affluent demographic with a median income of $162,607 suggests customers with disposable income. Businesses offering premium goods, services, or experiences—think boutique retail, upscale dining, or professional services—could thrive here. Understanding the cultural makeup, with a significant White and Asian population, can also help tailor your offerings.

For analysts, the data points to a high-value, stable community with limited diversity. This could inform studies on economic disparity, housing affordability, or market trends in premium ZIP codes like 98177.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98177? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.