| ZIP Code | 98516 |
|---|---|
| City | Olympia |
| State | Washington (WA) |
| County | Thurston County |
| Area Code | 360/564 |
| Elevation | 178 ft |
| Latitude | 47.098919 |
|---|---|
| Longitude | -122.785426 |
| Timezone | Los Angeles (DST) |
| FIPS | 53067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.9 yrs |
|---|---|
| Avg Household Size | 2.54 |
| Below Poverty | 8.8% ▼ 12% below avg |
| College Grads | 49.3% ▲ 27% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 190 (1%) |
| HS Graduate | 4,119 (21.9%) |
| Some College | 2,238 (11.9%) |
| Associates | 3,006 (16%) |
| Bachelors | 2,181 (11.6%) |
| Graduate Degree | 7,103 (37.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,191 ▲ 21% above avg ↑ 15% since 2019 |
|---|---|
| Median Home Value | $528,000 ▲ 89% above avg ↑ 58% since 2019 |
| Home/Income Ratio | 5.7x (nat avg ~3.5x) |
| Median Rent | $1,948/mo ↑ 37% since 2019 |
| Total Units | 11,600 |
| Vacant Units | 496 |
| Avg HH Size | 2.54 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,600 |
|---|---|
| Vacant | 496 |
| Owner Occupied | 67.7% |
| Renter Occupied | 32.3% |
| Avg HH Size | 2.54 |
ZIP code 98516 is located in Olympia, Washington, within Thurston County. With a population of 28,286, this is a moderately populated ZIP code with a middle-aged community — the median age is 38.9 years. Economically, 98516 is a middle-income ZIP code: the median household income of $92,191 is above the national average.
Real estate in ZIP code 98516 represents a premium housing market. The median home value of $528,000 is significantly above the national average. Renters can expect to pay around $1,948 per month in median rent. Homeownership is strong here — 67.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 58% since 2019.
The population of 98516 is majority White (62.40%). Residents are well-educated — 49.3% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 8.8%. Household income has grown by 15% since 2019.
The unemployment rate in 98516 stands at 3.2%, which is below the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 72%.
Overall, ZIP code 98516 in Olympia, WA is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 28,286 residents, a median household income of $92,191, and a median home value of $528,000, it offers a clear picture of life in this part of Washington.