ZIP 97003 - 860Z200US97003 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97003, located in the vibrant Portland metro area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 28,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs, we’ve compiled key metrics to help you make informed decisions about living or working in ZIP 97003.

Population & Households

ZIP 97003 is home to 27,791 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 10,564 households, reflecting a strong residential base for families, professionals, and retirees alike. With 11,258 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable yet growing community worth exploring for those seeking a foothold in the region.

Income & Housing Costs

The median household income in ZIP 97003 stands at $96,962, signaling a relatively affluent area with solid earning potential. This income level supports a comfortable lifestyle and indicates a community with disposable income for local businesses to tap into. On the housing front, the median home value is $458,200, reflecting a competitive real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation. For renters, the median rent of $1,925 per month suggests a premium rental market, aligning with the area’s higher income and property values. These figures highlight ZIP 97003 as a financially robust area with opportunities for both homeownership and rental investments.

Race & Ethnicity

ZIP 97003 boasts a diverse population, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial and ethnic composition includes 54.03% White, 3.65% Black, 13.8% Asian, and 20.16% Hispanic residents. This diversity creates a dynamic community environment, fostering inclusivity and offering businesses a broad customer base with varied needs and preferences. For homebuyers and investors, this mix can translate into a welcoming neighborhood with a strong sense of cultural identity, ideal for building connections or targeting niche markets.

Key Facts

• Total population: 27,791 residents, offering a sizable community for engagement.
• Total households: 10,564, indicating a strong residential foundation.
• Total housing units: 11,258, suggesting potential availability for new occupants.
• Median household income: $96,962, reflecting economic stability.
• Median home value: $458,200, pointing to a valuable real estate market.
• Median rent: $1,925, indicative of a premium rental landscape.
• Diverse demographics: 54.03% White, 20.16% Hispanic, 13.8% Asian, 3.65% Black.

What This Means for You

For homebuyers, ZIP 97003 offers a promising market with a median home value of $458,200, suggesting potential for equity growth in a financially stable area. The diverse community and solid median income of $96,962 also point to a neighborhood with strong social and economic fabric—ideal for families or individuals seeking a vibrant place to settle. Real estate investors and agents can capitalize on the slight surplus of housing units (11,258 total) compared to households (10,564), which may present opportunities for rentals or flips, especially with a median rent of $1,925 attracting reliable tenants. Small-business owners will find a diverse customer base of nearly 28,000 residents, with disposable income to support local goods and services, particularly in culturally relevant or niche markets. Analysts can use these metrics to assess growth trends, housing demand, or economic health in ZIP 97003, providing valuable insights for strategic planning.

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