ZIP 98513 - 860Z200US98513 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98513, located in the Olympia-Lacey 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 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 98513 is home to a population of 37,953 residents, making it a moderately sized community with a suburban feel. This area supports 13,654 households, reflecting a strong base of families and individuals. The total number of housing units stands at 14,533, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financially, ZIP 98513 stands out with a median household income of $108,270, which is notably higher than many national averages. This figure points to a relatively affluent community with strong purchasing power, an attractive trait for businesses targeting middle- to upper-income customers. On the housing front, the median home value is $443,300, reflecting a robust real estate market that could appeal to investors seeking appreciation over time. For renters, the median rent is $1,897 per month, indicating a competitive rental market that aligns with the area’s higher income levels. These metrics suggest that while costs are elevated, they are supported by the community’s earning capacity.

Race & Ethnicity

The demographic makeup of ZIP 98513 showcases a diverse yet predominantly white population. Approximately 62.42% of residents identify as white, while 12.2% are Hispanic, 7.85% are Asian, and 4.7% are Black. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses looking to engage with a varied customer or client base. Understanding this composition is key for tailoring services, marketing strategies, or community initiatives to resonate with local residents.

Key Facts

• Total population: 37,953 residents, offering a sizable market for businesses and services.
• Total households: 13,654, indicating a strong residential base.
• Median household income: $108,270, reflecting significant economic strength.
• Median home value: $443,300, suggesting a valuable real estate market.
• Median rent: $1,897, pointing to a competitive rental landscape.
• Racial composition: 62.42% white, 12.2% Hispanic, 7.85% Asian, 4.7% Black, showcasing diversity.
• Total housing units: 14,533, with some availability for new occupants or investors.

What This Means for You

For homebuyers, ZIP 98513 offers a stable, affluent community with a median home value of $443,300, which could be a solid long-term investment given the area’s income levels. However, be prepared for higher entry costs and a median rent of $1,897 if you’re considering leasing. Real estate investors and agents will find potential in the slight surplus of housing units (14,533 total) compared to occupied households, which may signal opportunities for flipping or renting properties in a market with strong demand. Small-business owners can leverage the area’s $108,270 median household income to target a customer base with disposable income, while the diverse population (including significant Hispanic and Asian communities) suggests a need for culturally tailored offerings. Analysts can use these metrics to benchmark ZIP 98513 against neighboring areas, identifying trends in growth, affordability, or demographic shifts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 98513? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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