ZIP 98203 - 860Z200US98203 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 98203, located in the Everett area of Washington, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 35,000 and a robust median household income, this area presents a mix of opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 98203 unique and whether it aligns with your goals.

Population & Households

ZIP 98203 is home to 35,356 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 13,791 households, reflecting a vibrant and active area. The total number of housing units stands at 14,848, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in a community with room to grow.

Income & Housing Costs

One of the standout features of ZIP 98203 is its strong economic profile, with a median household income of $101,505. This figure points to a relatively affluent community, which can support local businesses and attract investors seeking stable returns. On the housing front, the median home value is $575,300, reflecting a competitive real estate market that may appeal to those looking for long-term value appreciation. For renters, the median rent is $1,761 per month, which aligns with the area’s higher income levels but may require careful budgeting for some households.

Race & Ethnicity

ZIP 98203 boasts a diverse population, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial and ethnic composition includes 57.22% White, 8.13% Black, 11.1% Asian, and 15.58% Hispanic residents. This diversity can be a significant draw for small-business owners looking to cater to varied customer preferences or for families seeking an inclusive community environment.

Key Facts

• Total population: 35,356 residents, offering a sizable community for engagement and business potential.
• Total households: 13,791, indicating a strong base of local consumers and families.
• Total housing units: 14,848, suggesting some availability for new residents or investors.
• Median household income: $101,505, reflecting economic stability and purchasing power.
• Median home value: $575,300, pointing to a high-value real estate market.
• Median rent: $1,761, which is consistent with the area’s income and housing costs.
• Diverse demographics: 57.22% White, 8.13% Black, 11.1% Asian, and 15.58% Hispanic, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 98203 offers a chance to invest in a high-value market with a median home price of $575,300. The area’s strong median income suggests a stable community, which could mean fewer risks of neighborhood decline over time. However, be prepared for competitive pricing and ensure your budget aligns with the market.

For investors and real estate agents, the slight surplus of housing units (14,848 total units versus 13,791 households) could indicate opportunities for rental properties or flips, especially given the area’s attractive median income of over $100,000. The diverse population also suggests a broad tenant base to target.

For small-business owners, the combination of a sizable population, high median income, and cultural diversity in ZIP 98203 creates a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, the economic strength and varied demographics could support a range of offerings tailored to local needs.

For analysts, these metrics provide a solid foundation for deeper research into market trends, housing demand, or economic forecasts. The data highlights both stability and growth potential in this Everett-area ZIP code.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98203? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any area of interest.