ZIP 98296 - 860Z200US98296 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 98296, located in the Snohomish area of Washington, 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 you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of this area.

Population & Households

ZIP 98296 is home to a population of 27,201 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,381 households, indicating a strong residential base. The total number of housing units stands at 9,573, suggesting a tight housing market with limited vacancy. For families and individuals looking to settle here, this points to a stable, established area with consistent demand for homes.

Income & Housing Costs

One of the standout metrics for ZIP 98296 is its median household income of $172,468, which reflects a high-earning community. This figure suggests that residents have significant purchasing power, which can be a draw for businesses targeting affluent customers. On the housing front, the median home value is $867,700, positioning this area as a premium real estate market. For renters, the median rent is $2,325 per month, indicating that rental costs are also substantial. These numbers highlight the financial commitment required to live in this ZIP code, but they also underscore the potential for strong property value appreciation for investors.

Race & Ethnicity

The racial and ethnic composition of ZIP 98296 offers insight into the cultural makeup of the area. The population is predominantly White at 78.64%, with smaller but notable percentages of Asian residents at 8.36%, Hispanic or Latino residents at 5.07%, and Black residents at 0.7%. This diversity, while not as pronounced as in urban centers, still contributes to a varied community fabric. For businesses and investors, understanding this mix can help tailor services or marketing strategies to resonate with local demographics.

Key Facts

• Total population in ZIP 98296: 27,201 residents.
• Total households: 9,381, reflecting a strong residential presence.
• Total housing units: 9,573, indicating limited availability.
• Median household income: $172,468, showcasing high earning potential.
• Median home value: $867,700, a premium market for buyers and investors.
• Median rent: $2,325, signaling significant rental costs.
• Racial composition: 78.64% White, 8.36% Asian, 5.07% Hispanic, 0.7% Black.

What This Means for You

For homebuyers, ZIP 98296 offers a prosperous community with high median incomes and home values, but be prepared for a competitive market and substantial costs—whether buying at a median of $867,700 or renting at $2,325 monthly. This area could be ideal if you’re seeking long-term value appreciation and a stable suburban environment.

For real estate investors and agents, the limited housing stock (9,573 units for 9,381 households) suggests low vacancy rates and high demand, which could translate to strong rental yields or quick property turnovers. The high median home value also indicates room for significant returns if market trends continue upward.

For small-business owners, the affluent population with a median income of $172,468 presents an opportunity to cater to a demographic with disposable income. Consider businesses that align with the needs of a suburban, family-oriented, and diverse community—think premium services, education, or tech-related offerings.

For analysts, these metrics provide a snapshot of a high-income, low-vacancy area with a predominantly White but diversifying population. This data can inform broader market studies or targeted research into suburban growth patterns in Washington.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98296? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed metrics on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.