ZIP 98409 - 860Z200US98409 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98409, located in the Tacoma area of Washington, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this vibrant area.

Population & Households

ZIP 98409 is home to a population of 27,298 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 11,704 households, reflecting a diverse range of family structures and living arrangements. Additionally, there are 12,136 total housing units, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 98409 stands at $71,649, which provides a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the region, though it’s worth noting how it aligns with housing costs. The median house value here is $363,000, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,579 per month, which is significant but aligns with the area’s income levels, offering a balanced cost of living for those not ready to buy.

Race & Ethnicity

ZIP 98409 boasts a diverse community, with a racial and ethnic composition that reflects a rich cultural tapestry. White residents make up 48.28% of the population, followed by Hispanic or Latino residents at 15.94%, Black or African American residents at 15.37%, and Asian residents at 8.59%. This diversity creates a dynamic environment, offering unique opportunities for businesses catering to varied cultural needs and fostering a welcoming atmosphere for families and individuals from different backgrounds.

Key Facts

• Total population: 27,298 residents in 2023, offering a sizable community for engagement.
• Total households: 11,704, indicating a mix of family and individual living arrangements.
• Total housing units: 12,136, suggesting some availability for new residents or investors.
• Median household income: $71,649, supporting a stable economic base.
• Median house value: $363,000, reflecting a strong real estate market.
• Median rent: $1,579, a notable but manageable cost for renters.
• Diverse demographics: White (48.28%), Hispanic (15.94%), Black (15.37%), Asian (8.59%).

What This Means for You

For homebuyers, ZIP 98409 offers a competitive yet accessible housing market with a median home value of $363,000. The slight surplus of housing units (12,136 total versus 11,704 households) could mean less competition for available properties, potentially giving you an edge in negotiations. Investors and real estate agents will find value in the area’s diversity and income stability, with a median household income of $71,649 signaling a reliable tenant or buyer base. The diversity in demographics also suggests potential for niche rental markets or property types catering to varied cultural preferences.

Small-business owners can leverage the population of 27,298 and the area’s cultural diversity to target specific customer segments. Whether you’re opening a restaurant, retail store, or service-based business, the mix of ethnic backgrounds offers a chance to tailor offerings—think culturally specific products or multilingual services. Analysts studying market trends will appreciate the balanced economic indicators and housing dynamics, which point to a stable yet growing community worth monitoring for future opportunities.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 98409? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
• Enter any ZIP code to generate a customized report tailored to your needs, whether for buying, investing, or business planning.
• Use the platform’s intuitive interface to explore trends, compare areas, and make data-driven decisions with confidence.