98023 ZIP Code – Federal Way, Washington
ZIP code 98023 is a large ZIP code located in Federal Way, Washington, within King County with a population of approximately 50,778 residents. At $98,057, the median household income here runs above the Washington average and above the U.S. average. Homes in this ZIP code have a median value of $479,100, well above the national average, with 65.6% owner-occupied housing (increasing). ; median rent of $1,807 is similarly well above the national average. Housing consists of 69% single-family (decreasing), 20% apartments (increasing), 9% duplex/multi-family.
At 4.9%, the unemployment rate is near the national figure. About 9.9% of residents live below the poverty line, below the national rate. Bachelor's degree attainment is 34.1%, above the national average. Residents have a median age of 38.9, near the U.S. median. Neighboring ZIP codes include 98422, 98003, 98421.
ZIP Code 98023 Data
See more demographics for:
ZIP 98023 vs. Washington vs. U.S.
| Metric | ZIP 98023 | WA Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 50k | 12k | 10k |
| Median Household Income | $98k | $83k | $73k |
| Median Home Value | $479k | $428k | $258k |
| Median Rent | $1,807 | $1,322 | $1,088 |
| Median Age | 38.9 | 43.0 | 43.2 |
| Unemployment Rate | 4.9% | 5.3% | 5.0% |
| Poverty Rate | 9.9% | 11.6% | 13.3% |
| Bachelor's Degree or Higher | 34.1% | 31.1% | 26.9% |
Demographics Charts
Race & Ethnicity
Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 98422 – Tacoma
- 98003 – Federal Way
- 98421 – Tacoma
- 98001 – Auburn
- 98354 – Milton
- 98424 – Fife
- 98402 – Tacoma
- 98403 – Tacoma
- 98198 – Seattle
- 98047 – Pacific
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 98422 | TACOMA | 22,066 | $111,991 |
| 98003 | FEDERAL WAY | 51,329 | $67,547 |
| 98421 | TACOMA | 790 | Not provided |
| 98001 | AUBURN | 35,842 | $103,338 |
| 98354 | MILTON | 8,146 | $91,338 |