ZIP 98499 - 860Z200US98499 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98499, located in the Lakewood 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 98499.

Population & Households

ZIP 98499 is home to a population of 33,694 residents, making it a moderately sized community with a diverse mix of individuals and families. This area supports 13,880 households, reflecting a strong residential base. With 14,683 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. These numbers suggest a stable community with room for growth, ideal for those seeking a balance between urban access and suburban feel.

Income & Housing Costs

The median household income in ZIP 98499 stands at $65,000, positioning it as a middle-income area. This income level supports a range of lifestyles and offers opportunities for businesses catering to essential and discretionary needs. On the housing front, the median home value is $370,000, reflecting a competitive yet accessible market for buyers in the region. For renters, the median rent is $1,445 per month, which aligns with the income levels and suggests a significant rental population. These figures highlight affordability relative to nearby urban centers, making 98499 an attractive option for cost-conscious buyers and renters.

Race & Ethnicity

ZIP 98499 boasts a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. White residents make up 39.16% of the population, followed by Hispanic or Latino residents at 24.63%. Black or African American individuals account for 14.7%, while Asian residents comprise 7.59%. This diversity creates a vibrant cultural landscape, which can be a draw for families, businesses, and investors looking for an inclusive environment. Understanding this mix is crucial for tailoring services, marketing, or community engagement strategies in the area.

Key Facts

• Total population: 33,694 residents in 2023, offering a sizable community for engagement.
• Total households: 13,880, indicating a strong residential presence.
• Total housing units: 14,683, suggesting potential availability for new occupants or investors.
• Median household income: $65,000, supporting a middle-income demographic.
• Median home value: $370,000, reflecting a competitive housing market.
• Median rent: $1,445, aligning with income levels for renters.
• Diverse population: 39.16% White, 24.63% Hispanic, 14.7% Black, and 7.59% Asian.

What This Means for You

For homebuyers, ZIP 98499 offers a balanced market with median home values at $370,000 and a slight surplus of housing units, which could mean less competition in certain segments. The median income of $65,000 suggests neighbors with stable earning power, contributing to a reliable community. Investors and real estate agents will find opportunities in both the purchase and rental markets, given the $1,445 median rent and diverse demographic base that supports varied housing needs. Small-business owners can leverage the cultural diversity and population size of 33,694 to target a wide customer base, especially with services or products that resonate with multicultural audiences. Analysts can use these metrics to benchmark 98499 against nearby ZIP codes for deeper market studies. This data equips you with a practical starting point for your next steps, whether buying, investing, or launching a venture.

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