Mercer Island, WA · standard

ZIP Code 98040

King County, Washington - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

22,699
1,373/sq mi High-density area
$219,069
Median income Above-median income area
$2,000,000+
Median home value Above-median home value
81.4%
Bachelor's or higher Above-average bachelor's attainment

National ZIP placement

Mercer Island pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 1%
household income, US ZIPs
Top 1%
home value, US ZIPs
1,373
people per sq mi
67%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 98040 against every reporting US ZIP.

ZIP code 98040 is a densely settled ZIP (a standard USPS delivery area) in Mercer Island, King County, Washington, with 22,699 residents across 16.5 square miles, a density of 1,373 people per square mile, in the Los Angeles time zone.

ZIP 98040 skews affluent, with a median household income of $219,069 (141% above the average Washington ZIP), while per-capita income is $128,615. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.8% and unemployment is 3.0%. Housing is both higher-cost and owner-heavy: median home value is $2,000,000+ (291% above the average Washington ZIP), while 67.0% of occupied homes are owner-occupied and median rent is $2,502.

This is a highly-educated ZIP: 81.4% of adults hold a bachelor's degree or higher, the median age is 46.4, and the average commute is 24 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in King County, so 98040 can be compared with both its immediate and county-level context.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

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Top industries in ZIP 98040

Top 5 sectors by establishment count in Mercer Island, WA

Which industries have the most business establishments in ZIP 98040.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 98040, Mercer Island, WA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

22,699

Population

16.5

Area (sq mi)

1,373

People / sq mi

Los Angeles

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 98040?

46.4

Median Age

47.6%

Male

52.4%

Female

26.4%

Foreign-Born

White 63.6%
African American 0.9%
Asian 24.5%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.1%
Hispanic or Latino 2.4%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$219,069

Median Household Income

+141% vs state ZIP avg

$128,615

Per Capita Income

3.8%

Poverty Rate

3.0%

Unemployment Rate

23.6 min

Mean Commute Time

How ZIP 98040 ranks among Washington ZIPs

Mercer Island, WA household income vs. every Washington ZIP code

Median household income among 547 reporting Washington ZIPs (this ZIP's population is too small for a reliable national-corpus placement)

$219,069 Top 1% higher than 99% of 547 Washington ZIPs

This ZIP $0 $200K+ every Washington ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more Washington ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 86.5%
Bachelor's Degree or Higher 81.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

10,609

Total Housing Units

10,068

Occupied Units

541

Vacant Units

2.50

Avg Household Size

Occupancy Type

Owner 67.0%
Renter 33.0%

$2,000,000+

Median Home Value

+291% vs state ZIP avg

$2,502

Median Rent

1973

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+32.6%

YoY Change (2023)

290

HPI Index (2000 = 100)

+190%

Total Change Since 2000

Home values in ZIP 98040 have increased 32.6% over the past year (2023). Since 2000, this ZIP has seen +190% cumulative appreciation.

Year Annual Change HPI Index
2019 -5.6% 240
2020 -5.2% 227
2021 +1.6% 231
2022 -5.4% 218
2023 +32.6% 290

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2023. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 830 business establishments in ZIP 98040, employing approximately 7,524 people with a combined annual payroll of $466,919,000.

830

Businesses

7,524

Employees

$466.9M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 182 21.9%
Real estate and rental and leasing 115 13.9%
Health care and social assistance 108 13.0%
Finance and insurance 81 9.8%
Other services (except public administration) 63 7.6%
Construction 53 6.4%
Accommodation and food services 42 5.1%
Retail trade 35 4.2%
Administrative and support and waste management and remediation services 35 4.2%
Wholesale trade 31 3.7%
Educational services 29 3.5%
Arts, entertainment, and recreation 26 3.1%
Information 19 2.3%
Transportation and warehousing 4 0.5%
Management of companies and enterprises 4 0.5%
Manufacturing 3 0.4%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 98040 vs 98118 →

ZIP 98040 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 98040 ranks #8 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 98040 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 98040 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
98118 Seattle, WA 42,731 2.4 mi
98039 Medina, WA 2,971 4.6 mi
98004 Bellevue, WA 27,946 3.8 mi
98144 Seattle, WA 26,881 3.1 mi
98178 Seattle, WA 24,092 4.7 mi
98006 Bellevue, WA 36,364 3.8 mi
98056 Renton, WA 32,489 4.2 mi
98122 Seattle, WA 31,454 4.2 mi
98108 Seattle, WA 22,374 4.1 mi
98057 Renton, WA 10,613 6.6 mi

Nationwide ZIPs with similar ACS profiles

Two Census-derived peer sets for ZIP 98040, both outside WA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).

Similar population

Nearest cross-state ZIPs by resident population (22,699 here; floor ≥1,000).

Similar median household income

Nearest cross-state ZIPs by ACS median household income.

More ZIP Codes in King County

Frequently Asked Questions

What county is ZIP code 98040 in?

ZIP code 98040 (Mercer Island) is located in King County, Washington. King County contains multiple ZIP codes, see the full list at /counties/king-wa.

What is the population of ZIP code 98040?

ZIP code 98040 in Mercer Island, WA has a population of 22,699 according to the Census Bureau ACS 2023 estimates.

What is the median household income in ZIP 98040?

The median household income in ZIP 98040 is $219,069, which is 187% above the national average of $76,288.

What is the average home value in ZIP 98040?

The median home value in ZIP 98040 is $2,000,000+, which is 619% above the national average of $278,155.

What is the demographic makeup of ZIP 98040?

The largest racial group in ZIP 98040 is White at 63.6%. Hispanic or Latino residents make up 2.4% of the population.

How many businesses are in ZIP code 98040?

ZIP code 98040 has 830 business establishments employing approximately 7,524 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.

What are the main industries in ZIP code 98040?

The top industries by establishment count in ZIP 98040 are: Professional, scientific, and technical services (182), Real estate and rental and leasing (115), Health care and social assistance (108). There are 16 industry sectors represented in total.

How have home values changed in ZIP code 98040?

According to the FHFA House Price Index, home values in ZIP 98040 increased by 32.6% in 2023. Since 2000, home values in this ZIP have appreciated by approximately 190%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.

What is the education level in ZIP code 98040?

In ZIP code 98040, 86.5% of residents aged 25+ have a high school diploma or higher, and 81.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).

What is the average commute time in ZIP 98040?

The mean commute time for workers in ZIP code 98040 is 23.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.

What percentage of residents own vs. rent in ZIP 98040?

In ZIP code 98040, approximately 67.0% of occupied housing units are owner-occupied and 33.0% are renter-occupied, based on Census ACS 2023 data.

What is the poverty rate in ZIP code 98040?

The poverty rate in ZIP code 98040 is 3.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP 98040's figures come from ACS 5-Year Estimates, Census ZIP Code Business Patterns, and the FHFA House Price Index. See our methodology for details.

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Read our methodology : how this data is sourced, computed, and verified.

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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.