ZIP 97214 - 860Z200US97214 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 97214 in Portland, Oregon, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and racial composition in this vibrant area. Whether you’re a homebuyer seeking a community that fits your lifestyle, an investor analyzing market potential, or a small-business owner scouting a customer base, these insights will help you make informed decisions.

Population & Households

ZIP 97214 is home to a population of 28,128 residents, making it a moderately sized urban area with a dynamic community feel. These individuals are distributed across 14,936 households, reflecting a mix of family units, singles, and shared living arrangements. With 15,948 total housing units in the area, 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 yet accessible housing environment for those considering a move to 97214.

Income & Housing Costs

The median household income in ZIP 97214 stands at $86,879, which points to a relatively affluent community with solid earning potential. This income level supports a robust local economy, appealing to businesses and investors alike. On the housing front, the median house value is $733,200, reflecting a high-demand real estate market where properties hold significant value. For renters, the median rent is $1,628 per month, indicating a competitive rental market that aligns with the area’s upscale housing profile. These figures suggest that while 97214 offers opportunities, it also requires substantial financial planning for prospective buyers or renters.

Race & Ethnicity

The demographic makeup of ZIP 97214 is predominantly White, with 78.5% of residents identifying as such. Hispanic or Latino residents make up 8.67% of the population, while Asian residents account for 4.08%, and Black or African American residents represent 1.76%. This composition reflects a community with a strong White majority but also a notable presence of diverse ethnic groups. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the cultural diversity within a cohesive neighborhood setting.

Key Facts

• Total population in ZIP 97214: 28,128 residents.
• Total households: 14,936, indicating a mix of living arrangements.
• Total housing units: 15,948, suggesting slight availability in the market.
• Median household income: $86,879, reflecting a strong local economy.
• Median house value: $733,200, indicative of a premium real estate market.
• Median rent: $1,628, pointing to a competitive rental landscape.
• Racial composition: 78.5% White, 8.67% Hispanic, 4.08% Asian, 1.76% Black.

What This Means for You

For homebuyers, ZIP 97214 offers a thriving community with high property values, making it a sound long-term investment if you can navigate the $733,200 median price point. The income level of $86,879 suggests neighbors with financial stability, often correlating with well-maintained surroundings and quality amenities. Investors and real estate agents will find the slight surplus of housing units (15,948 vs. 14,936 households) intriguing, as it hints at potential opportunities for rentals or flips, though the high median rent of $1,628 signals strong competition. Small-business owners can leverage the area’s affluent demographic and diverse population to tailor offerings—think niche retail or services catering to a predominantly White but culturally varied customer base. Analysts can use these metrics to benchmark 97214 against other ZIP codes for market studies or trend forecasting. Across all groups, the data underscores a premium yet promising locale.

Run This Study Yourself

• Curious about diving deeper into ZIP 97214 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.