ZIP 97124 - 860Z200US97124 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 97124, located in the heart of Washington County, Oregon, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a diverse community, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 97124 is home to a sizable population of 54,351 residents as of 2023, making it a vibrant and active community. This area supports 21,473 households, reflecting a strong base of families, professionals, and individuals. With 22,176 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 97124 is its median household income of $107,063, which points to a relatively affluent community with significant purchasing power. This income level can support a higher quality of life and attract businesses catering to mid-to-upper-income demographics. On the housing front, the median house value stands at $518,500, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,918 per month, indicating a premium rental market that aligns with the area’s income and property values.

Race & Ethnicity

The cultural fabric of ZIP 97124 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial and ethnic composition includes 55.67% White, 23.51% Hispanic, 10.52% Asian, and 2.98% Black residents, among others. This diversity can be a draw for those seeking an inclusive environment and presents opportunities for businesses to cater to varied cultural needs and preferences. It also reflects a community that values different perspectives, which can enhance social and economic interactions.

Key Facts

• Total population: 54,351 residents, indicating a thriving community.
• Total households: 21,473, supporting a strong residential base.
• Total housing units: 22,176, suggesting potential availability for new occupants.
• Median household income: $107,063, reflecting significant economic strength.
• Median house value: $518,500, pointing to a valuable real estate market.
• Median rent: $1,918, indicative of a premium rental landscape.
• Diverse demographics: 55.67% White, 23.51% Hispanic, 10.52% Asian, 2.98% Black.

What This Means for You

For homebuyers, ZIP 97124 offers a chance to invest in a high-value market with a median home price of $518,500. The area’s strong median income suggests neighbors with financial stability, often correlating with well-maintained communities and good schools. However, be prepared for competitive pricing and consider timing your purchase to maximize value.

For real estate investors and agents, the slight surplus of housing units (22,176 vs. 21,473 households) could signal opportunities for rentals or flips, especially with a median rent of $1,918 attracting reliable tenants. The area’s diversity and income levels also support demand for varied housing options, from single-family homes to apartments.

For small-business owners, the population of over 54,000 and a median income of $107,063 create a promising customer base with disposable income. The diverse demographic mix means you can tailor products or services to specific cultural or community needs, enhancing your market fit.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or community development in ZIP 97124. The data suggests stability and growth potential worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for ZIP 97124? Start by visiting ZipcodeGPT to access powerful demographic and housing insights tailored to your needs.
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