ZIP 97062 - 860Z200US97062 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97062, located in the vibrant Tualatin area of Oregon, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this analysis covers population trends, household income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 97062 and uncover the insights that matter most to you.

Population & Households

ZIP 97062 is home to a population of 28,620 residents, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 11,051 households, reflecting a strong residential base. With 11,659 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

Financially, ZIP 97062 stands out with a median household income of $106,987, signaling a relatively affluent community. This income level supports a robust local economy, which can be a draw for small businesses and investors. On the housing front, the median home value is $607,800, reflecting a premium market where property values are high, likely due to desirable location and amenities. For renters, the median rent is $1,721 per month, which aligns with the area’s higher cost of living. These figures suggest that while entry into the housing market may require significant investment, the potential for long-term value appreciation is strong.

Race & Ethnicity

The demographic makeup of ZIP 97062 is diverse, offering a multicultural environment that can appeal to a wide range of residents and business owners. The racial composition includes 65.9% White, 1.04% Black, 2.86% Asian, and 21.11% Hispanic residents. This diversity fosters a rich community culture, which can be a significant advantage for businesses catering to varied customer bases or for families seeking an inclusive place to call home. Understanding this mix can help tailor real estate strategies or business offerings to meet the needs of different groups within the area.

Key Facts

• Total population in ZIP 97062: 28,620 residents.
• Total households: 11,051, indicating a strong residential presence.
• Total housing units: 11,659, with a small surplus over households.
• Median household income: $106,987, reflecting economic strength.
• Median home value: $607,800, pointing to a high-value real estate market.
• Median rent: $1,721, consistent with the area’s cost of living.
• Racial diversity: 65.9% White, 21.11% Hispanic, 2.86% Asian, 1.04% Black.

What This Means for You

For homebuyers, ZIP 97062 offers a premium housing market with a median home value of $607,800, suggesting that while the upfront cost is high, you’re investing in a community with strong economic indicators and potential for property value growth. The slight surplus of housing units could mean opportunities to negotiate or find a home that fits your needs. For investors and real estate agents, the high median income and home values point to a market with affluent buyers and renters willing to pay a premium, especially with a median rent of $1,721. Consider focusing on properties that cater to families or professionals drawn to the area’s stability. For small-business owners, the diverse population and solid income levels suggest a customer base with disposable income and varied needs—think about services or products that appeal to a multicultural, financially secure audience. For analysts, these metrics provide a baseline to track growth trends or compare ZIP 97062 with neighboring areas for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 97062? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed population, income, and housing metrics tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.