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Daycare Centers Market: ZIP 98112

Opportunity Score

83 / 100 Excellent

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98112 is an urban area with high foot traffic. with a population of 23,961 and household incomes well above the national median ($162,073). There are 12 daycare centers operations in ZIP 98112.

Area Profile

23,961

Population

$162,073

Median Income

+117% vs. national

Urban

Area Type

16.5/20

Foot Traffic

Very Walkable

Median Age: 40.4 — older demographic, may prefer sit-down options.

College-Educated: 62.2% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 98112.

Daycare Centers

Moderate — proven market

5.0 per 10K residents

Schools

2.1 per 10K residents

What this means: Daycare Centers are 70.6% of the relevant market in ZIP 98112 (12 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,820

2BR Fair Market Rent

$2,062

Median Gross Rent

$1.4 M

Median Home Value

Bank Branches

$610 K deposits

Tips for Starting a Daycare Business in Washington

Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.
The median income here is $162,073. That gives you pricing room most markets don't offer. Don't underprice.