ZIP 98198 - 860Z200US98198 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98198 for your next home, investment property, or business location, understanding the area’s demographics and housing trends is essential. Located in the Seattle metropolitan area, this ZIP code offers a blend of suburban appeal and diverse community dynamics. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 98198 is home to a population of 39,815 residents, making it a moderately sized community with a mix of families, professionals, and individuals. These residents are distributed across 14,494 households, reflecting a variety of living arrangements from single-person homes to larger family units. The total number of housing units in the area stands at 15,267, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to move into the area.

Income & Housing Costs

The median household income in ZIP 98198 is $83,938, which positions the area as a relatively affluent community within the broader region. This income level supports a comfortable lifestyle for many residents and indicates a stable economic base for local businesses. On the housing front, the median home value is $527,100, reflecting the strong demand for real estate in this part of Washington. For renters, the median monthly rent is $1,770, which aligns with the area’s higher cost of living but offers access to a desirable location. These figures are critical for assessing affordability and investment potential.

Race & Ethnicity

ZIP 98198 stands out for its diverse population, which enriches the cultural fabric of the community. The racial composition includes 41.48% White, 12.35% Black, 12.73% Asian, and 23.76% Hispanic residents. This diversity creates a vibrant, inclusive environment that appeals to a wide range of people. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the multicultural atmosphere as a draw for families and individuals alike.

Key Facts

• Total population: 39,815 residents, offering a sizable community for engagement or customer reach.
• Total households: 14,494, indicating a mix of family and individual living arrangements.
• Total housing units: 15,267, suggesting some availability for new residents or investors.
• Median household income: $83,938, reflecting a stable economic foundation.
• Median home value: $527,100, highlighting a competitive real estate market.
• Median rent: $1,770 per month, indicative of the area’s higher cost of living.
• Diverse demographics: 41.48% White, 23.76% Hispanic, 12.73% Asian, and 12.35% Black.

What This Means for You

For homebuyers, ZIP 98198 offers a dynamic community with a median home value of $527,100, which suggests a solid long-term investment despite the higher entry cost. The slight surplus of housing units (15,267 total) compared to households (14,494) could mean less competition for available properties, though prices remain elevated due to regional demand. Investors and real estate agents will find the area’s median income of $83,938 and diverse population appealing for rental properties or flips, as the economic stability supports consistent demand. Small-business owners can leverage the cultural diversity and population size of nearly 40,000 to target a wide customer base, while the income levels suggest disposable income for goods and services. Analysts can use these metrics to benchmark ZIP 98198 against nearby areas for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98198? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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