Lacey, WA · standard
ZIP Code 98503
Thurston County, Washington - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 36,611
- 1,252/sq mi High-density area
- $89,002
- Median income Above-median income area
- $438,100
- Median home value Above-median home value
- 32.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Lacey pairs an above-median household income with upper-quartile home values, in a low-density, mixed-tenure area.
- Top 28%
- household income, US ZIPs
- Top 17%
- home value, US ZIPs
- 1,252
- people per sq mi
- 58%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 98503 against every reporting US ZIP.
ZIP code 98503 is a densely settled ZIP (a standard USPS delivery area) in Lacey, Thurston County, Washington, with 36,611 residents across 29.2 square miles, a density of 1,252 people per square mile, in the Los Angeles time zone.
ZIP 98503 lands in the middle-income range, with a median household income of $89,002 (2% below the average Washington ZIP), while per-capita income is $42,685. The poverty rate is 10.9%, with unemployment at 5.5%; those measures add context to the income figure. Median home value is $438,100 (14% below the average Washington ZIP) and median rent is $1,746; 58.4% of occupied homes are owner-occupied.
A solid share of residents have a four-year degree: 32.1% of adults hold a bachelor's degree or higher, the median age is 41.1, and the average commute is 25 minutes. The page also surfaces 6 ZIP codes within roughly 10 miles and 6 more in Thurston County, so 98503 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 →
Top industries in ZIP 98503
Top 5 sectors by establishment count in Lacey, WA
Which industries have the most business establishments in ZIP 98503.
- Health care and social assistance
Health care and social assistance
146 establishments
- Retail trade
Retail trade
100 establishments
- Other services (except public administration)
Other services (except public administration)
96 establishments
- Accommodation and food services
Accommodation and food services
88 establishments
- Construction
Construction
87 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, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 98503, Lacey, 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
36,611
Population
29.2
Area (sq mi)
1,252
People / sq mi
Los Angeles
Time Zone
standard
ZIP Type
Who lives in ZIP 98503?
41.1
Median Age
48.6%
Male
51.4%
Female
11.5%
Foreign-Born
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?
$89,002
Median Household Income
-2% vs state ZIP avg
$42,685
Per Capita Income
10.9%
Poverty Rate
5.5%
Unemployment Rate
24.7 min
Mean Commute Time
How ZIP 98503 ranks nationally
Lacey, WA household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$89,002 Top 28% higher than 72% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
18,387housing units
18,387
Total Housing Units
17,664
Occupied Units
723
Vacant Units
2.29
Avg Household Size
Occupancy Type
$438,100
Median Home Value
-14% vs state ZIP avg
$1,746
Median Rent
1986
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+0.2%
YoY Change (2024)
344
HPI Index (2000 = 100)
+244%
Total Change Since 2000
Home values in ZIP 98503 have increased 0.2% over the past year (2024). Since 2000, this ZIP has seen +244% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +10.4% | 243 |
| 2021 | +18.4% | 288 |
| 2022 | +15.6% | 332 |
| 2023 | +3.3% | 343 |
| 2024 | +0.2% | 344 |
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 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 841 business establishments in ZIP 98503, employing approximately 17,356 people with a combined annual payroll of $816,124,000.
841
Businesses
17,356
Employees
$816.1M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 146 | 17.4% |
| Retail trade | 100 | 11.9% |
| Other services (except public administration) | 96 | 11.4% |
| Accommodation and food services | 88 | 10.5% |
| Construction | 87 | 10.3% |
| Finance and insurance | 72 | 8.6% |
| Professional, scientific, and technical services | 72 | 8.6% |
| Real estate and rental and leasing | 63 | 7.5% |
| Administrative and support and waste management and remediation services | 45 | 5.3% |
| Wholesale trade | 14 | 1.7% |
| Educational services | 14 | 1.7% |
| Arts, entertainment, and recreation | 12 | 1.4% |
| Transportation and warehousing | 11 | 1.3% |
| Information | 9 | 1.1% |
| Manufacturing | 5 | 0.6% |
| Management of companies and enterprises | 5 | 0.6% |
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 98503 vs 98516 →
ZIP 98503 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98501
Olympia (98501)
38,133 residents
- 98503
Lacey (98503)
36,611 residents
- 98513
Olympia (98513)
31,975 residents
- 98516
Olympia (98516)
20,166 residents
- 98506
Olympia (98506)
18,199 residents
- 98327 8,267
Dupont (98327)
8,267 residents
- 98303 1,037
Anderson Island (98303)
1,037 residents
What this shows Among its immediate neighbors, ZIP 98503 ranks #2 by population - useful context the national average alone can't give.
ZIP 98503 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98327
Dupont (98327)
$120,781 median income
- 98513
Olympia (98513)
$113,053 median income
- 98516
Olympia (98516)
$98,892 median income
- 98501
Olympia (98501)
$97,198 median income
- 98506
Olympia (98506)
$91,596 median income
- 98503
Lacey (98503)
$89,002 median income
- 98303
Anderson Island (98303)
$80,282 median income
What this shows By household income, ZIP 98503 ranks #6 of 7 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 98503, 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 (36,611 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Thurston County
Related Areas
Frequently Asked Questions
What county is ZIP code 98503 in?
ZIP code 98503 (Lacey) is located in Thurston County, Washington. Thurston County contains multiple ZIP codes, see the full list at /counties/thurston-wa.
What is the population of ZIP code 98503?
ZIP code 98503 in Lacey, WA has a population of 36,611 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 98503?
The median household income in ZIP 98503 is $89,002, which is 17% above the national average of $76,288.
What is the average home value in ZIP 98503?
The median home value in ZIP 98503 is $438,100, which is 58% above the national average of $278,155.
What is the demographic makeup of ZIP 98503?
The largest racial group in ZIP 98503 is White at 67.1%. Hispanic or Latino residents make up 11.3% of the population.
How many businesses are in ZIP code 98503?
ZIP code 98503 has 841 business establishments employing approximately 17,356 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 98503?
The top industries by establishment count in ZIP 98503 are: Health care and social assistance (146), Retail trade (100), Other services (except public administration) (96). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 98503?
According to the FHFA House Price Index, home values in ZIP 98503 increased by 0.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 244%. 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 98503?
In ZIP code 98503, 56.3% of residents aged 25+ have a high school diploma or higher, and 32.1% 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 98503?
The mean commute time for workers in ZIP code 98503 is 24.7 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 98503?
In ZIP code 98503, approximately 58.4% of occupied housing units are owner-occupied and 41.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 98503?
The poverty rate in ZIP code 98503 is 10.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 98503's numbers, next.
- See how ZIP 98503 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lacey, WA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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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.