ZIP 98445 - 860Z200US98445 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98445, located in the Tacoma area of Washington, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re looking for a family-friendly neighborhood or a market with growth potential, understanding ZIP 98445’s profile is the first step.

Population & Households

ZIP 98445 is home to a population of 33,578 residents as of 2023, making it a moderately sized community with a suburban feel. These residents are distributed across 12,088 households, reflecting a mix of family and individual living arrangements. The total number of housing units in the area stands at 12,546, indicating a slight surplus of available homes compared to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing to buyers or investors looking for opportunities.

Income & Housing Costs

The median household income in ZIP 98445 is $90,063, a figure that points to a relatively strong economic base for the area. This income level supports a comfortable lifestyle for many residents and signals purchasing power for local businesses. On the housing front, the median house value is $413,200, reflecting a robust real estate market that could attract investors seeking appreciation potential. For renters, the median rent is $1,721 per month, which aligns with the area’s income levels but may pose affordability challenges for some. These figures provide a benchmark for evaluating whether ZIP 98445 fits your financial goals as a buyer, renter, or business owner.

Race & Ethnicity

The demographic makeup of ZIP 98445 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 52.6% White, 9.9% Black, 5.77% Asian, and 13.88% Hispanic residents, with the remainder comprising other or mixed-race groups. This diversity can enrich the cultural fabric of the area, offering a variety of perspectives and experiences. For businesses, this mix suggests a broad customer base with varied needs and preferences, while families may appreciate the opportunity to engage with a multicultural neighborhood.

Key Facts

• Total population: 33,578 residents in 2023, offering a suburban community scale.
• Total households: 12,088, indicating a mix of family and solo living setups.
• Total housing units: 12,546, suggesting slight availability for new occupants.
• Median household income: $90,063, reflecting solid economic stability.
• Median house value: $413,200, pointing to a strong real estate market.
• Median rent: $1,721, a notable cost for renters in the area.
• Diversity: 52.6% White, 9.9% Black, 5.77% Asian, 13.88% Hispanic, fostering a varied community.

What This Means for You

For homebuyers, ZIP 98445 offers a stable housing market with a median home value of $413,200, which could be a sound long-term investment given the area’s income strength. The slight surplus of housing units may also mean less competition for available properties. Investors and real estate agents will note the potential for appreciation and rental income, especially with a median rent of $1,721 attracting reliable tenants. Small-business owners can leverage the diverse population of 33,578 and median income of $90,063 to target a wide range of customers with disposable income. Analysts studying market trends will find the demographic diversity and economic metrics useful for forecasting growth or identifying niche opportunities. Whatever your goal, ZIP 98445 presents a balanced mix of affordability, diversity, and potential.

Run This Study Yourself

• Want to dive deeper into ZIP 98445 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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