ZIP 97008 - 860Z200US97008 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 97008, located in the Beaverton area of Oregon, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of nearly 30,000 and a robust housing market, this area presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in ZIP 97008.

Population & Households

ZIP 97008 is home to 29,183 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 12,450 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 12,845, indicating a slight surplus of available homes relative 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 this area.

Income & Housing Costs

The median household income in ZIP 97008 is $90,246, pointing to a relatively affluent community with solid earning potential. This income level supports a strong local economy, which can be a draw for businesses and investors alike. On the housing front, the median home value is $555,300, reflecting a competitive real estate market where properties hold significant value. For renters, the median rent is $1,664 per month, which aligns with the area’s higher cost of living but offers access to a desirable location. These figures highlight the financial commitment required to live in ZIP 97008, whether you're buying or renting.

Race & Ethnicity

The demographic makeup of ZIP 97008 showcases a diverse yet predominantly white community. Approximately 67.57% of residents identify as white, while 13.51% are Hispanic, 7.07% are Asian, and 2.32% are Black. This diversity contributes to a culturally rich environment, which can be a significant asset for businesses catering to varied customer bases or families seeking an inclusive community. Understanding this composition can help tailor real estate strategies or business offerings to meet the needs of different groups in ZIP 97008.

Key Facts

• Total population: 29,183 residents, offering a sizable market for businesses and services.
• Total households: 12,450, indicating a strong base of potential customers or clients.
• Median household income: $90,246, suggesting above-average purchasing power.
• Median home value: $555,300, reflecting a high-value real estate market.
• Median rent: $1,664, pointing to a premium rental market.
• Racial diversity: 67.57% white, 13.51% Hispanic, 7.07% Asian, 2.32% Black, fostering a multicultural community.
• Total housing units: 12,845, with a small surplus over occupied households, hinting at availability.

What This Means for You

For homebuyers, ZIP 97008 offers a stable, affluent community with high home values. The median price of $555,300 means you'll need to budget accordingly, but the area’s strong median income of $90,246 suggests a financially secure neighborhood. If you're a renter, expect to pay around $1,664 monthly, which aligns with the premium nature of the location.

For investors and agents, the slight surplus of housing units (12,845 total vs. 12,450 households) could indicate opportunities for flipping properties or finding tenants. The high median home value also points to potential for long-term appreciation, though the competitive market requires careful analysis of entry costs and returns.

For small-business owners, the population of 29,183 and diverse demographic mix provide a solid customer base. The above-average income levels mean residents likely have disposable income for goods and services, while the cultural diversity offers a chance to cater to varied tastes and needs.

For analysts, these metrics paint a picture of a thriving suburban area with economic strength and diversity. The data can inform broader market studies or targeted investment strategies in ZIP 97008.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 97008? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.