ZIP 98188 - 860Z200US98188 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98188, located in the Seattle-Tacoma metro area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 98188 unique and how its characteristics can align with your goals.

Population & Households

ZIP 98188 is home to a vibrant community of 26,769 residents. This population size suggests a moderately dense area with a mix of urban and suburban vibes, ideal for those seeking a balance between accessibility and community feel. The area comprises 11,208 households, indicating a strong residential base. With 12,025 total housing units, there’s a slight surplus of homes compared to households, which could point to opportunities for buyers or renters looking for availability.

Income & Housing Costs

The median household income in ZIP 98188 stands at $76,559, reflecting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the region, though it’s worth noting that housing costs are significant. The median house value is $452,900, which aligns with the broader Seattle-area market where real estate often commands a premium. For renters, the median rent is $1,641 per month, indicating that renting is a more accessible entry point for those not ready to buy. These figures suggest that while homeownership is a substantial investment, the area offers economic stability for households and potential returns for investors.

Race & Ethnicity

ZIP 98188 boasts a diverse population, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial composition breaks down as follows: 27.81% White, 26.44% Black, 14.91% Asian, and 21.42% Hispanic. This near-even distribution across major demographic groups creates a multicultural environment, making the area attractive to those who value inclusivity and varied perspectives. For businesses, this diversity can translate into a broad customer base with unique needs and preferences.

Key Facts

• Total population: 26,769 residents, offering a mid-sized community feel.
• Total households: 11,208, indicating a strong residential presence.
• Total housing units: 12,025, suggesting some availability for new occupants.
• Median household income: $76,559, supporting a stable local economy.
• Median house value: $452,900, reflecting a competitive real estate market.
• Median rent: $1,641, providing a more affordable option compared to buying.
• Diverse demographics: No single racial group exceeds 28%, fostering a multicultural vibe.

What This Means for You

For homebuyers, ZIP 98188 offers a diverse and dynamic community with a median home value of $452,900. While this price point reflects the competitive Seattle-area market, the slight surplus of housing units (12,025 vs. 11,208 households) could mean less intense competition for available properties. If you’re on a tighter budget, renting at a median of $1,641 might be a practical way to settle in while saving for a purchase.

For investors and real estate agents, the area’s median income of $76,559 suggests residents have the financial capacity to support rental or purchase demand. The diversity of the population also means a wide pool of potential tenants or buyers, while the housing unit surplus could indicate room for strategic investments or listings.

For small-business owners, the multicultural makeup of ZIP 98188 is a significant asset. With no single racial group dominating, you can tailor products or services to a variety of cultural preferences, tapping into a broad customer base. The solid median income further supports the likelihood of consistent consumer spending in the area.

For analysts, these metrics provide a foundation for deeper market studies. The balance of income, housing costs, and diversity offers a snapshot of a stable yet dynamic community worth exploring for trends in housing demand or economic growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98188? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to inform your next move, whether you’re buying a home, investing in property, or planning a business venture.