ZIP 98023 — Business Opportunities

Top business opportunities in 98023

The highest-scored business categories to consider opening in Federal Way, WA, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Clothing & Apparel 100/100
   ~7.7 businesses underserved · confidence: high
2. 2. Furniture & Home Decor 100/100
   ~4.2 businesses underserved · confidence: high
3. 3. Electronics 93/100
   ~2.6 businesses underserved · confidence: low
4. 4. Toys & Games 87/100
   ~2.3 businesses underserved · confidence: low
5. 5. Veterinary 84/100
   ~3.3 businesses underserved · confidence: high
6. 6. Music School 82/100
   ~2.1 businesses underserved · confidence: low
7. 7. Electronics Repair 80/100
   ~1.9 businesses underserved · confidence: low
8. 8. Auto Sales 79/100
   ~5.9 businesses underserved · confidence: high
9. 9. General 79/100
   ~5.3 businesses underserved · confidence: high
10. 10. Theme Park 79/100
    ~3.5 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 98023.

• Restaurants — 20 businesses
• Park — 19 businesses
• Bicycle Parking — 16 businesses
• Schools — 12 businesses
• Fast Food — 10 businesses
• Religious — 9 businesses
• Cafes & Coffee Shops — 8 businesses
• Banking & Finance — 6 businesses
• Grocery & Supermarkets — 5 businesses
• Hair Salons — 5 businesses
• Information — 5 businesses
• Gas Stations — 4 businesses
• Parking — 4 businesses
• Convenience Stores — 4 businesses
• Beauty & Nail Salons — 4 businesses

Full demographic profile

Population	50,778
Households	17,917
Median household income	$98,057
Per capita income	$41,784
Median age	38.4
% bachelor's degree or higher	33.278%
% age 18–34	21.027%
% age 65+	9.256%
% renter-occupied	32.67%
Median home value	$479,100
Median gross rent	$1,807
Unemployment rate	5.382%

Nearby ZIPs in WA

98053 Redmond · 98055 Renton · 98056 Renton · 98126 Seattle · 98133 Seattle · 98261 Lopez Island