ZIP 97005 - 860Z200US97005 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 97005, located in the heart of Oregon’s Washington County near Beaverton, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 27,000 and a diverse community, this ZIP code presents a blend of suburban appeal and economic opportunity. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 97005 is home to 27,812 residents, making it a moderately sized community with a strong suburban feel. The area supports 11,668 households, reflecting a mix of families, singles, and professionals. With 12,130 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities. This balance suggests a stable housing market with room for growth, appealing to those seeking a community that’s neither overcrowded nor sparse.

Income & Housing Costs

The median household income in ZIP 97005 stands at $74,306, positioning it as a middle-to-upper-income area in the context of national averages. This income level supports a comfortable lifestyle for many residents and indicates a community with disposable income for local businesses to tap into. On the housing front, the median home value is $476,000, reflecting a robust real estate market that could be attractive to investors seeking appreciation over time. For renters, the median rent is $1,551 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight ZIP 97005 as a place where housing costs are significant but backed by solid earning potential.

Race & Ethnicity

ZIP 97005 boasts a diverse population, which adds cultural richness and broad appeal for businesses and residents alike. The racial and ethnic composition includes 52.69% White, 32.89% Hispanic, 5.88% Asian, and 2.83% Black residents. This diversity suggests a welcoming environment for people from various backgrounds, making it an ideal spot for businesses catering to a wide customer base or families seeking an inclusive community. The significant Hispanic population, in particular, points to opportunities for culturally specific services or products in the area.

Key Facts

• Total population: 27,812 residents in 2023, offering a vibrant yet manageable community size.
• Total households: 11,668, indicating a mix of family and individual living arrangements.
• Total housing units: 12,130, suggesting some availability for new occupants or rentals.
• Median household income: $74,306, reflecting a financially stable resident base.
• Median home value: $476,000, pointing to a strong real estate market for buyers and investors.
• Median rent: $1,551, a notable cost for renters to consider in budgeting.
• Diverse demographics: Over 32% Hispanic and nearly 6% Asian, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 97005 offers a stable housing market with a median home value of $476,000, ideal for those looking to invest in a property with potential for long-term growth. The slight surplus of housing units may provide some negotiating power, though the price point reflects a competitive market. Real estate investors and agents will find opportunities in both sales and rentals, given the median rent of $1,551 and a population with solid earning power. Small-business owners can leverage the area’s diversity and median income of $74,306 to target a wide range of customers, especially with culturally tailored offerings for the large Hispanic community. Analysts can use these metrics as a benchmark to compare with nearby ZIP codes or track trends over time, ensuring data-driven strategies for clients or personal projects.

Run This Study Yourself

• Curious about other areas or deeper insights into ZIP 97005? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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