Olympia, WA · standard
ZIP Code 98506
Thurston County, Washington — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 18,199
- 314/sq mi
- $91,596
- Median income
- $490,900
- Median home value
- 50.8%
- Bachelor's or higher
The verdict
Olympia pairs an upper-quartile household income with upper-quartile home values, in a low-density, homeowner-dominated area.
- Top 25%
- household income, US ZIPs
- Top 13%
- home value, US ZIPs
- 314
- people per sq mi
- 66%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 98506 against every reporting US ZIP.
ZIP code 98506 is classified by USPS as a standard delivery area and covers roughly 58.0 square miles in Olympia, Thurston County, Washington. The area is home to 18,199 residents, producing a population density of 314 people per square mile, and falls within the Los Angeles time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 98506 against Washington and the nation.
On the economic side, the median household income for ZIP 98506 sits at $91,596 (1% above the Washington average), while per-capita income is $53,973. The poverty rate stands at 12.0% and the unemployment rate at 9.4%. On housing, the median home value is $490,900 (4% below the state average) with median rent at $1,461 per month, and 66.3% of occupied units are owner-occupied, a direct signal of whether 98506 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 50.8% of adults hold a bachelor's degree or higher, the median age is 48.4, and the average commute is 24 minutes. We also surface 6 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Thurston County, so you can benchmark 98506 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 98506
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 98506.
- Health care and social assistance
Health care and social assistance
198 establishments
- Other services (except public administration) 72
Other services (except public administration)
72 establishments
- Construction 63
Construction
63 establishments
- Professional, scientific, and technical services 56
Professional, scientific, and technical services
56 establishments
- Retail trade 46
Retail trade
46 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 98506, Olympia, WA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
18,199
Population
58.0
Area (sq mi)
314
People / sq mi
Los Angeles
Time Zone
standard
ZIP Type
Who lives in ZIP 98506?
48.4
Median Age
46.2%
Male
53.8%
Female
7.7%
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?
$91,596
Median Household Income
+1% vs state
$53,973
Per Capita Income
12.0%
Poverty Rate
9.4%
Unemployment Rate
24.1 min
Mean Commute Time
How ZIP 98506 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$91,596 Top 25% higher than 75% 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?
9,133
Total Housing Units
8,610
Occupied Units
523
Vacant Units
2.11
Avg Household Size
Occupancy Type
$490,900
Median Home Value
-4% vs state
$1,461
Median Rent
1977
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
+1.3%
YoY Change (2024)
344
HPI Index (2000 = 100)
+244%
Total Change Since 2000
Home values in ZIP 98506 have increased 1.3% over the past year (2024). Since 2000, this ZIP has seen +244% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +6.5% | 241 |
| 2021 | +13.9% | 275 |
| 2022 | +17.0% | 321 |
| 2023 | +5.6% | 339 |
| 2024 | +1.3% | 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 618 business establishments in ZIP 98506, employing approximately 9,373 people with a combined annual payroll of $590,062,000.
618
Businesses
9,373
Employees
$590.1M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 198 | 32.0% |
| Other services (except public administration) | 72 | 11.7% |
| Construction | 63 | 10.2% |
| Professional, scientific, and technical services | 56 | 9.1% |
| Retail trade | 46 | 7.4% |
| Accommodation and food services | 41 | 6.6% |
| Real estate and rental and leasing | 33 | 5.3% |
| Administrative and support and waste management and remediation services | 32 | 5.2% |
| Wholesale trade | 18 | 2.9% |
| Finance and insurance | 16 | 2.6% |
| Transportation and warehousing | 8 | 1.3% |
| Information | 8 | 1.3% |
| Arts, entertainment, and recreation | 8 | 1.3% |
| Manufacturing | 6 | 1.0% |
| Educational services | 5 | 0.8% |
| Agriculture, forestry, fishing and hunting | 3 | 0.5% |
| Industries not classified | 3 | 0.5% |
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 98506 vs 98516 →
ZIP 98506 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
- 98502
Olympia (98502)
30,491 residents
- 98516
Olympia (98516)
20,166 residents
- 98506
Olympia (98506)
18,199 residents
- 98351 1,115
Longbranch (98351)
1,115 residents
What this shows Among its immediate neighbors, ZIP 98506 ranks #6 by population — useful context the national average alone can't give.
ZIP 98506 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98351
Longbranch (98351)
$151,660 median income
- 98513
Olympia (98513)
$113,053 median income
- 98516
Olympia (98516)
$98,892 median income
- 98501
Olympia (98501)
$97,198 median income
- 98502
Olympia (98502)
$92,207 median income
- 98506
Olympia (98506)
$91,596 median income
- 98503
Lacey (98503)
$89,002 median income
What this shows By household income, ZIP 98506 ranks #6 of 7 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Thurston County
Related Areas
Frequently Asked Questions
What county is ZIP code 98506 in? ▼
What is the population of ZIP code 98506? ▼
What is the median household income in ZIP 98506? ▼
What is the average home value in ZIP 98506? ▼
What is the demographic makeup of ZIP 98506? ▼
How many businesses are in ZIP code 98506? ▼
What are the main industries in ZIP code 98506? ▼
How have home values changed in ZIP code 98506? ▼
What is the education level in ZIP code 98506? ▼
What is the average commute time in ZIP 98506? ▼
What percentage of residents own vs. rent in ZIP 98506? ▼
What is the poverty rate in ZIP code 98506? ▼
ZIP Code Research Guides
Official Data Resources for Olympia, WA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.