ZIP 98208 - 860Z200US98208 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98208 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Snohomish County, Washington, this area offers a blend of suburban appeal and economic opportunity. With a population of over 60,000 and a median household income surpassing $100,000, ZIP 98208 stands out as a vibrant community with strong housing demand. This article breaks down the latest 2023 data to provide clear, actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 98208 is home to 60,616 residents, making it a sizable community with a diverse mix of families, professionals, and individuals. The area supports 22,025 households, reflecting a robust residential base. With 22,534 total housing units, the region shows a tight balance between supply and demand, with only a small number of vacant properties. This near-full occupancy suggests a competitive housing market, which could influence decisions for buyers and investors alike.

Income & Housing Costs

Financially, ZIP 98208 is a strong performer. The median household income is $102,546, indicating a relatively affluent population with significant purchasing power. This income level supports a high quality of life and attracts businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value stands at $641,300, reflecting the area’s desirability and proximity to economic hubs like Seattle. For renters, the median monthly rent is $1,859, which aligns with the region’s higher cost of living but offers access to a well-established community. These figures highlight both opportunity and challenge, depending on your financial position and goals.

Race & Ethnicity

The demographic makeup of ZIP 98208 is notably diverse, fostering a multicultural environment that appeals to a wide range of residents and businesses. The racial composition includes 54.7% White, 17.08% Asian, 14.38% Hispanic, and 5.18% Black residents, among other groups. This diversity can be a draw for those seeking an inclusive community or for businesses aiming to serve varied customer bases. It also suggests a cultural richness that enhances the area’s social fabric, making it a dynamic place to live or work.

Key Facts

• Total population: 60,616 residents, indicating a substantial community size.
• Total households: 22,025, supporting a strong residential foundation.
• Total housing units: 22,534, with minimal vacancy suggesting high demand.
• Median household income: $102,546, reflecting economic strength.
• Median home value: $641,300, pointing to a premium housing market.
• Median rent: $1,859 per month, consistent with the area’s cost of living.
• Diverse population: 54.7% White, 17.08% Asian, 14.38% Hispanic, 5.18% Black.

What This Means for You

For homebuyers, ZIP 98208 offers a stable, affluent community with high home values. The median price of $641,300 means you’ll need a strong budget, but the investment could pay off given the area’s desirability and limited housing stock. Be prepared for competition, as the near-full occupancy of housing units suggests a seller’s market.

For real estate investors and agents, the tight housing supply and high median income signal strong rental and resale potential. With median rents at $1,859, rental properties could yield solid returns, especially for units catering to families or professionals relocating to the area.

For small-business owners, the diverse population and high disposable income create fertile ground for retail, dining, or service-based ventures. The multicultural demographic mix means tailored offerings could resonate well, while the income levels support premium pricing strategies.

For analysts, the data points to a growing, economically robust area with diversity as a key strength. Tracking future trends in housing supply or income growth could reveal even more opportunities in ZIP 98208.

Run This Study Yourself

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