98516 ZIP Code – Olympia, Washington
98516 is a large ZIP code in Olympia, Washington, part of Thurston County with a population of approximately 27,212 residents. At $89,378, the median household income here runs near the Washington average and above the U.S. average. Homes in this ZIP code have a median value of $474,800, well above the national average, with 65.6% owner-occupied housing (decreasing). , with median rent coming in at $1,800 — well above the national figure. Housing consists of 73% single-family (decreasing), 17% apartments (increasing).
At 3.6%, the unemployment rate is below the national figure. The poverty rate is 8.8%, below the national average. Bachelor's degree attainment is 37.0%, above the national average. At 38.9, the median age is near the national figure. Nearby ZIP codes include 98506, 98503, 98303.
ZIP Code 98516 Data
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ZIP 98516 vs. Washington vs. U.S.
| Metric | ZIP 98516 | WA Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 27k | 12k | 10k |
| Median Household Income | $89k | $83k | $73k |
| Median Home Value | $474k | $428k | $258k |
| Median Rent | $1,800 | $1,322 | $1,088 |
| Median Age | 38.9 | 43.0 | 43.2 |
| Unemployment Rate | 3.6% | 5.3% | 5.0% |
| Poverty Rate | 8.8% | 11.6% | 13.3% |
| Bachelor's Degree or Higher | 37.0% | 31.1% | 26.9% |
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Nearby ZIP Codes
- 98506 – Olympia
- 98503 – Lacey
- 98303 – Anderson Island
- 98327 – Dupont
- 98351 – Longbranch
- 98513 – Olympia
- 98433 – Tacoma
- 98388 – Steilacoom
- 98505 – Olympia
- 98501 – Olympia
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 98506 | OLYMPIA | 18,968 | $88,512 |
| 98503 | LACEY | 42,263 | $78,508 |
| 98303 | ANDERSON ISLAND | 1,621 | $92,933 |
| 98327 | DUPONT | 9,955 | $106,695 |
| 98351 | LONGBRANCH | 1,119 | $130,000 |