ZIP 97217 - 860Z200US97217 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business venture in ZIP 97217, located in the vibrant heart of Portland, Oregon, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of population trends, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in this dynamic community.

Population & Households

ZIP 97217 is home to a population of 34,756 residents, making it a moderately sized urban area with a strong community feel. These individuals are distributed across 16,196 households, reflecting a mix of family units, singles, and shared living arrangements. With 17,038 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.

Income & Housing Costs

The median household income in ZIP 97217 stands at $100,387, suggesting a relatively affluent community with solid earning potential. This income level supports a robust housing market, where the median house value is $569,500. For those considering renting, the median rent is $1,789 per month, reflecting the premium cost of living in this desirable Portland area. These figures highlight ZIP 97217 as a location with significant investment potential, though affordability may be a concern for some buyers or renters.

Race & Ethnicity

The demographic makeup of ZIP 97217 offers a glimpse into its cultural diversity. The population is predominantly White at 71.12%, with smaller but notable representation from Black (6.65%), Asian (3.45%), and Hispanic (9.32%) communities. This mix contributes to a varied social fabric, which can be a draw for businesses and residents seeking an inclusive environment. Understanding this composition can help tailor services, marketing, or community engagement strategies to resonate with local residents.

Key Facts

• Total population: 34,756 residents, offering a sizable market for businesses and services.
• Total households: 16,196, indicating a strong base of potential customers or tenants.
• Total housing units: 17,038, suggesting some availability for new occupants or investors.
• Median household income: $100,387, reflecting a financially stable community.
• Median house value: $569,500, pointing to a high-value real estate market.
• Median rent: $1,789, aligning with the area’s premium cost of living.
• Racial composition: 71.12% White, 6.65% Black, 3.45% Asian, 9.32% Hispanic, showcasing moderate diversity.

What This Means for You

For homebuyers, ZIP 97217 presents a high-value market with a median home price of $569,500. The area’s median income of $100,387 suggests that many residents can afford these prices, but first-time buyers might need to plan carefully or explore financing options. The slight surplus of housing units (17,038 vs. 16,196 households) could mean opportunities to negotiate or find a property that fits your needs.

For investors and real estate agents, the data points to a strong market with potential for appreciation, given the high median home values and rents ($1,789). The population size and household count indicate steady demand, while the diversity of the area could appeal to a wide range of tenants or buyers. Consider focusing on properties that cater to families or young professionals drawn to Portland’s urban charm.

For small-business owners, ZIP 97217’s population of over 34,000 and median income above $100,000 signal a customer base with disposable income. The cultural diversity also offers a chance to create products or services that appeal to varied tastes. Location-based businesses, such as cafes or retail, could thrive by aligning with the community’s inclusive vibe.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, or demographic shifts in ZIP 97217. The balance of income, housing costs, and diversity can inform broader studies on urban growth in Portland.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 97217? 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 make informed decisions, whether you’re buying a home, investing, or planning a business venture.