Capitol Hill New home of the two wealthiest Puget Sound ZIP Codes

The Puget Sound Business Journal has identified Capitol Hill neighborhoods 98102 and 98112 as the wealthiest ZIP codes in the region, surpassing traditional leaders such as Medina. This change is driven by rising housing values and a new calculation methodology emphasizing population density, income, home equity, and savings. The rankings aim to better capture wealth concentrations in the area, which may reflect shifting economic dynamics in Seattle. The top five wealthiest ZIP codes remain concentrated in the city’s central and northern core. As Seattle prepares its next 20-year comprehensive growth plan, officials are considering zoning changes to enhance multifamily and affordable housing development.

This initiative aims to address housing shortages and promote equitable growth throughout the city. The adjusted ranking methodology highlights the importance of demographic factors in understanding wealth distribution. Overall, these developments suggest a growing focus on economic changes within Seattle.