ZIP 97202 - 860Z200US97202 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97202, located in Portland, Oregon, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living or working in 97202.

Population & Households

ZIP 97202 is home to 44,107 residents, making it a vibrant and sizable community within the Portland metro area. This population is spread across 19,233 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 20,097, indicating a slight surplus of available properties relative to occupied households. This could suggest opportunities for buyers or renters, though demand and pricing remain key factors to consider in this market.

Income & Housing Costs

The median household income in ZIP 97202 is $100,353, a figure that points to a relatively affluent community with strong earning potential. This income level supports a housing market where the median home value reaches $684,800, reflecting the area’s desirability and the broader trends of Portland’s real estate landscape. For renters, the median rent is $1,674 per month, which aligns with the higher cost of living in this region. These figures underscore the need for careful financial planning, whether you’re buying, renting, or investing in 97202.

Race & Ethnicity

The demographic makeup of ZIP 97202 offers insight into the community’s diversity. The population is predominantly White at 78.99%, with smaller but notable percentages of other racial and ethnic groups: Black residents make up 1.95%, Asian residents account for 4.25%, and Hispanic or Latino individuals represent 8.28%. This composition suggests a primarily homogenous area with pockets of cultural diversity, which could influence community dynamics, local businesses, and market preferences for goods and services.

Key Facts

• Total population: 44,107 residents in 2023, indicating a substantial community size.
• Total households: 19,233, showing a mix of living arrangements in ZIP 97202.
• Total housing units: 20,097, with a small surplus over occupied households.
• Median household income: $100,353, reflecting strong economic stability.
• Median home value: $684,800, highlighting a premium real estate market.
• Median rent: $1,674, consistent with the area’s higher cost of living.
• Racial composition: 78.99% White, 8.28% Hispanic, 4.25% Asian, 1.95% Black.

What This Means for You

For homebuyers, ZIP 97202 offers a desirable location with a median home value of $684,800, but the price point requires substantial financial readiness. The slight surplus of housing units (20,097 total versus 19,233 households) might provide some negotiation leverage, though competition remains fierce in this market. Investors and real estate agents can capitalize on the area’s high median income of $100,353, which supports demand for both rentals and purchases—note the median rent of $1,674 as a benchmark for potential returns. However, high property values mean careful analysis of cash flow and appreciation potential is essential.

For small-business owners, the population of 44,107 and the income levels suggest a customer base with disposable income, particularly for lifestyle, retail, or service-based businesses. The demographic breakdown, with a majority White population and smaller diverse groups, may guide your marketing and product offerings to resonate with local tastes. Analysts will find the data useful for tracking trends in Portland’s housing and demographic shifts, especially given the balance of income and cost metrics in 97202.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 97202? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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