ZIP 98662 - 860Z200US98662 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 98662, located in the Vancouver, Washington area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 38,000 and a robust housing market, this area presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in ZIP 98662.

Population & Households

ZIP 98662 is home to a substantial population of 38,008 residents as of 2023. This sizable community is spread across 14,011 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 14,609, suggesting a relatively tight housing market with limited vacancy. For those looking to settle or invest here, understanding the population density and household composition can help gauge demand for housing and local services.

Income & Housing Costs

The median household income in ZIP 98662 is $91,883, reflecting a solid economic base for many residents. This income level supports a housing market where the median house value is $424,200—a figure that positions the area as a competitive yet accessible market for homebuyers in the greater Vancouver region. For renters, the median rent is $1,685 per month, which aligns with the area’s income levels but may pose affordability challenges for some. Investors and agents can use these figures to assess potential returns on rental properties or home sales, while buyers can weigh their purchasing power against local costs.

Race & Ethnicity

The demographic makeup of ZIP 98662 offers insight into the community’s diversity. The population is predominantly White at 72.76%, with smaller but notable percentages of Hispanic (11.36%), Asian (5.78%), and Black (2.67%) residents. This composition suggests a primarily homogenous area with growing diversity, which can influence cultural amenities, business opportunities, and community dynamics. For small-business owners, understanding this mix can help tailor offerings to local preferences, while homebuyers may appreciate the evolving cultural landscape.

Key Facts

• Total population in ZIP 98662: 38,008 residents in 2023.
• Total households: 14,011, indicating a strong residential base.
• Total housing units: 14,609, with limited vacancy potential.
• Median household income: $91,883, supporting a stable local economy.
• Median house value: $424,200, competitive for the region.
• Median rent: $1,685, reflecting rental market trends.
• Racial composition: 72.76% White, 11.36% Hispanic, 5.78% Asian, 2.67% Black.

What This Means for You

For homebuyers, ZIP 98662 offers a balanced market with median home values at $424,200 and household incomes that suggest financial stability among neighbors. However, with only a small gap between total housing units and households, competition for available properties may be stiff—be prepared to act quickly on listings. Investors and agents can find opportunity in the rental market, where a median rent of $1,685 indicates steady demand, especially given the area’s population size. The income levels also suggest tenants who can afford consistent payments. Small-business owners should note the community’s diversity and income strength—there’s potential to cater to a range of cultural needs or offer mid-range products and services that align with local purchasing power. Finally, analysts can use these metrics to track growth trends or compare ZIP 98662 against neighboring areas for broader market insights.

Run This Study Yourself

• Want to dive deeper into ZIP 98662 or explore another area? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographics and housing data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make informed decisions—whether you’re buying a home, investing, or planning a business venture.