ZIP 98642 - 860Z200US98642 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 98642 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic region, this area offers a blend of suburban appeal and economic opportunity. This snapshot, based on 2023 data, dives into population stats, household income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s break down what makes ZIP 98642 unique and how it can align with your goals.

Population & Households

ZIP 98642 is home to a population of 26,379 residents, making it a moderately sized community with room for growth and engagement. These individuals are distributed across 9,234 households, reflecting a strong residential base. With 9,736 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with potential for both personal and professional opportunities.

Income & Housing Costs

One of the standout features of ZIP 98642 is its robust economic profile. The median household income stands at $119,316, well above national averages, signaling a financially secure population with significant purchasing power. This makes the area attractive for businesses targeting higher-income demographics. On the housing front, the median home value is $622,800, reflecting a premium market that could offer strong returns for investors or long-term value for buyers. For renters, the median rent is $1,938 per month, indicating a competitive rental market that aligns with the area’s elevated property values. These figures highlight ZIP 98642 as a prosperous location with a high cost of entry but substantial economic benefits.

Race & Ethnicity

The demographic makeup of ZIP 98642 provides insight into the community’s cultural fabric. The population is predominantly White, accounting for 83.32% of residents. Hispanic or Latino individuals make up 7.98%, while Asian residents comprise 1.98%, and Black or African American residents represent 1.04%. This composition points to a largely homogeneous community with pockets of diversity, which could influence local culture, business offerings, and community dynamics. For businesses and investors, understanding this mix can help tailor services or marketing strategies to resonate with the majority while addressing the needs of smaller demographic groups.

Key Facts

• Total population in ZIP 98642: 26,379 residents.
• Total households: 9,234, supporting a strong residential foundation.
• Total housing units: 9,736, suggesting modest availability for new occupants.
• Median household income: $119,316, indicating significant economic strength.
• Median home value: $622,800, reflecting a high-value real estate market.
• Median rent: $1,938, aligning with the area’s premium housing costs.
• Racial composition: 83.32% White, 7.98% Hispanic, 1.98% Asian, 1.04% Black.

What This Means for You

For homebuyers, ZIP 98642 offers a stable, affluent community with high-quality housing, though the median home value of $622,800 means you’ll need to budget for a premium price tag. The strong median income of $119,316 suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. Real estate investors and agents will find opportunity in the slight surplus of housing units (9,736 vs. 9,234 households), which could mean room to flip properties or secure rentals at a median rate of $1,938. Small-business owners can capitalize on the high-income demographic to offer premium products or services, though you’ll need to consider the cultural homogeneity (83.32% White) when crafting your approach. Analysts can use this data to benchmark ZIP 98642 against nearby areas, identifying trends in income growth or housing demand. Across all groups, this ZIP code presents a high-value, low-risk environment with clear economic advantages.

Run This Study Yourself

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