ZIP 97035 - 860Z200US97035 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97035, located in the vibrant Portland metropolitan area of Oregon, this demographic and housing snapshot offers a clear picture of the community. Based on the latest 2023 data, this area is home to a sizable population with strong income levels and a competitive housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in this ZIP code.

Population & Households

ZIP 97035 is home to a population of 25,875 residents, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 10,961 households, reflecting a strong residential base. With 11,822 total housing units, there’s a slight surplus of properties over occupied households, which could indicate some availability for new residents or investors looking for opportunities in this region.

Income & Housing Costs

One of the standout features of ZIP 97035 is its robust economic profile. The median household income stands at an impressive $126,866, suggesting a community with significant purchasing power and financial stability. This high income level aligns with the area’s housing costs, where the median house value is $790,900—a figure that positions this ZIP code as a premium real estate market. For renters, the median rent is $1,951 per month, indicating a competitive rental landscape that reflects the area’s desirability and cost of living.

For homebuyers and investors, these numbers highlight both opportunity and challenge. The high median home value suggests strong appreciation potential, while the elevated rent points to a solid rental market for landlords. However, affordability may be a consideration for first-time buyers or those on tighter budgets.

Race & Ethnicity

The demographic makeup of ZIP 97035 offers a glimpse into its cultural diversity. The population is predominantly White at 74.16%, with a notable Asian community comprising 12.05%. Hispanic residents make up 6.08% of the population, while Black residents account for 1.55%. This composition reflects a primarily White community with meaningful representation from other racial and ethnic groups, contributing to a varied social fabric. For businesses and investors, this diversity can inform marketing strategies or community engagement efforts tailored to the area’s unique demographic blend.

Key Facts

• Total population: 25,875 residents, offering a substantial community for engagement or customer base.
• Total households: 10,961, indicating a strong residential foundation.
• Total housing units: 11,822, suggesting some availability for new occupants or investment properties.
• Median household income: $126,866, reflecting significant economic strength.
• Median house value: $790,900, positioning this as a high-value real estate market.
• Median rent: $1,951, highlighting a competitive rental environment.
• Racial composition: 74.16% White, 12.05% Asian, 6.08% Hispanic, 1.55% Black, showcasing moderate diversity.

What This Means for You

For homebuyers, ZIP 97035 offers a prestigious address with high property values that could translate to long-term equity growth. However, with a median home price of nearly $800,000, you’ll need to plan for a significant investment or explore financing options carefully. The rental market, with a median rent close to $2,000, also suggests that renting might be a viable short-term option if buying isn’t immediately feasible.

For investors and real estate agents, the data points to a lucrative market. The surplus of housing units over households (about 861 units) could mean opportunities for flipping, renting, or developing properties. The high median income of residents also supports a market for premium properties or upscale rentals, though competition may be stiff given the price points.

For small-business owners, the affluent population with a median income over $126,000 presents a customer base with disposable income for goods and services. Tailoring offerings to a diverse yet predominantly White and Asian demographic could help you connect with the community. Additionally, the area’s size and household count suggest a steady local market for retail, dining, or professional services.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or demographic shifts in ZIP 97035. The balance of income, housing costs, and diversity offers a rich dataset for forecasting or comparative analysis with nearby ZIP codes.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 97035? 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 inform your next move, investment, or business strategy with confidence.