ZIP 98248 - 860Z200US98248 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 98248, located in the vibrant region of Ferndale, Washington, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 98248.

Population & Households

ZIP 98248 is home to 28,061 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 9,783 households, reflecting a mix of family and individual living arrangements. With 10,576 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance between population and housing suggests a stable community with room for growth.

Income & Housing Costs

The median household income in ZIP 98248 stands at $88,566, positioning it as a relatively affluent area compared to national averages. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $550,300, reflecting a competitive real estate market that may appeal to those seeking long-term value appreciation. For renters, the median rent is $1,455 per month, indicating a significant cost for leasing but potentially more accessible than purchasing for some. These figures highlight the financial commitment required to live in 98248, whether buying or renting.

Race & Ethnicity

The demographic makeup of ZIP 98248 offers insight into the community’s diversity. The population is predominantly White at 74.51%, with smaller but notable percentages of Hispanic (11.31%) and Asian (5.79%) residents. Black residents make up just 0.3% of the population. This composition suggests a primarily homogeneous community with growing diversity, which could influence cultural amenities, business opportunities, and community dynamics. Understanding this mix can help tailor services or investments to the area’s unique needs.

Key Facts

• Total population: 28,061 residents in 2023.
• Total households: 9,783, supporting a mix of family and solo living.
• Total housing units: 10,576, indicating potential availability for new occupants.
• Median household income: $88,566, reflecting strong earning potential.
• Median home value: $550,300, a significant investment in the housing market.
• Median rent: $1,455 per month, a notable cost for renters.
• Racial composition: 74.51% White, 11.31% Hispanic, 5.79% Asian, 0.3% Black.

What This Means for You

For homebuyers, ZIP 98248 offers a stable community with high home values ($550,300 median), suggesting a market where properties may hold or increase in value over time. However, the cost of entry is significant, so ensure your budget aligns with these figures. Real estate investors and agents might find opportunities in the surplus of housing units (10,576 total vs. 9,783 households), which could indicate potential for rentals or flips, especially with a median rent of $1,455 attracting steady demand. Small-business owners can leverage the area’s solid median income of $88,566, which points to disposable income among residents for goods and services—consider targeting family-oriented or niche markets given the household size and diversity. Analysts will appreciate the balanced demographics and economic indicators as a foundation for deeper market studies or forecasting in 98248.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 98248? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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