ZIP 97007 - 860Z200US97007 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 97007, located in the Beaverton area of Oregon, this demographic and housing snapshot offers a clear picture of the community in 2023. With a robust population, strong income levels, and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living or working in ZIP 97007.

Population & Households

ZIP 97007 is home to a sizable population of 48,081 residents as of 2023. This figure reflects a vibrant community with a significant number of households—18,932 in total. These households are supported by 19,420 housing units, indicating a tight but manageable housing market with a small surplus of units over occupied homes. For families, investors, or businesses, this population density suggests a strong local customer base and a dynamic residential environment in the Beaverton region.

Income & Housing Costs

One of the standout metrics for ZIP 97007 is its median household income of $116,667, which points to a relatively affluent community with substantial purchasing power. This income level can support a higher quality of life and offers opportunities for businesses targeting mid-to-upper-income consumers. On the housing front, the median home value stands at $582,700, reflecting a competitive real estate market that could appeal to investors seeking appreciation potential. For renters, the median rent is $1,792 per month, which aligns with the area’s higher cost of living but also indicates demand for rental properties. These figures position ZIP 97007 as a financially strong area with housing costs that match its income profile.

Race & Ethnicity

The cultural composition of ZIP 97007 adds to its appeal as a diverse and inclusive community. The racial breakdown shows that 62.1% of residents identify as White, 13.77% as Asian, 12.46% as Hispanic, and 1.83% as Black, with the remainder comprising other or mixed-race groups. This diversity can be a significant draw for families seeking a multicultural environment, businesses aiming to serve varied demographics, or investors looking for communities with broad appeal. The mix of backgrounds in ZIP 97007 fosters a rich social fabric that enhances community life and economic opportunities.

Key Facts

• Total population in ZIP 97007: 48,081 residents, indicating a sizable and active community.
• Total households: 18,932, supported by 19,420 housing units, showing a balanced housing supply.
• Median household income: $116,667, reflecting strong earning potential among residents.
• Median home value: $582,700, suggesting a high-value real estate market for buyers and investors.
• Median rent: $1,792, indicating a robust rental market with steady demand.
• Racial diversity: 62.1% White, 13.77% Asian, 12.46% Hispanic, and 1.83% Black, showcasing a multicultural population.

What This Means for You

For homebuyers, ZIP 97007 offers a prosperous community with a median income that supports a comfortable lifestyle, though the $582,700 median home value means you’ll need to budget for a competitive market. The slight surplus of housing units (19,420 vs. 18,932 households) could provide some negotiation room, but act quickly as inventory is limited. Investors and real estate agents will find potential in the high home values and steady rental demand at $1,792 median rent, making this area suitable for both long-term holds and rental income strategies. Small-business owners can tap into a diverse, affluent customer base of 48,081 residents with significant disposable income, ideal for retail, services, or dining ventures. Analysts can use these metrics to benchmark ZIP 97007 against nearby areas, noting its strong income and diversity as key drivers of economic activity. Across all groups, this ZIP code’s data points to stability and opportunity.

Run This Study Yourself

• Want to dive deeper into ZIP 97007 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the Beaverton area or beyond.