ZIP 97006 - 860Z200US97006 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97006, located in the Beaverton area of Oregon, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 45,000 and a robust median household income, this area presents a blend of opportunity and diversity for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 97006 unique and whether it aligns with your goals.

Population & Households

ZIP 97006 is home to 45,556 residents, making it a sizable and vibrant community. These individuals are distributed across 18,839 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 19,383, indicating a slight surplus of available homes compared to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing if you’re looking to buy or invest in the area.

Income & Housing Costs

One of the standout metrics for ZIP 97006 is its median household income of $100,373, which points to a relatively affluent community with strong earning potential. This income level supports a healthy local economy, beneficial for small businesses and service providers. On the housing front, the median home value is $535,800, reflecting a competitive real estate market that could offer long-term value appreciation for buyers and investors. For renters, the median rent is $1,844 per month, which aligns with the area’s higher cost of living but also indicates demand for rental properties—a potential opportunity for landlords.

Race & Ethnicity

ZIP 97006 boasts a diverse population, which adds to its cultural richness and appeal for businesses catering to varied demographics. The racial composition includes 51.57% White, 21.41% Asian, 16.06% Hispanic, and 3.03% Black residents, among others. This diversity can influence community dynamics, school systems, and market needs, offering unique opportunities for businesses and investors who understand multicultural consumer preferences. It also creates a welcoming environment for families from different backgrounds looking to settle in the area.

Key Facts

• Total population in ZIP 97006: 45,556 residents, indicating a substantial community size.
• Total households: 18,839, reflecting a mix of family and individual living arrangements.
• Total housing units: 19,383, suggesting availability for new residents or investors.
• Median household income: $100,373, showcasing strong economic stability.
• Median home value: $535,800, pointing to a competitive real estate market.
• Median rent: $1,844, indicating a robust rental market for potential landlords.
• Diverse demographics: 51.57% White, 21.41% Asian, 16.06% Hispanic, and 3.03% Black.

What This Means for You

For homebuyers, ZIP 97006 offers a stable and diverse community with a median home value of $535,800, which could be a solid long-term investment given the area’s strong median income of over $100,000. The slight surplus of housing units may also provide some negotiating power. For investors and real estate agents, the combination of high home values and a median rent of $1,844 signals potential for rental income and property appreciation, especially with a growing population. Small-business owners can benefit from the area’s diversity and economic strength—consider tailoring products or services to a multicultural audience with disposable income. Finally, analysts will find the demographic mix and housing metrics useful for market studies or forecasting trends in suburban Oregon communities like this one.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 97006? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment, or business strategy.