ZIP 97220 - 860Z200US97220 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97220, located in the Portland, Oregon area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 27,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 97220.

Population & Households

ZIP 97220 is home to 27,810 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 11,561 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 12,177, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 97220 is $68,976, which provides a solid economic foundation for many residents. This income level supports a range of lifestyles and spending capacities, making the area appealing for businesses targeting middle-income consumers. On the housing front, the median home value is $427,700, reflecting a competitive real estate market that aligns with Portland’s broader trends. For renters, the median rent is $1,412 per month, which may be a significant consideration for those weighing the cost of living in 97220 against owning a home. These figures highlight the need for careful financial planning, whether you’re buying, renting, or investing.

Race & Ethnicity

ZIP 97220 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. The breakdown includes 59.04% White, 7.37% Black, 11.54% Asian, and 13.6% Hispanic residents. This diversity can be a draw for families and businesses seeking an inclusive environment, as well as for investors looking at areas with broad appeal. Understanding this mix can help tailor services, marketing strategies, or community engagement efforts to resonate with the local population.

Key Facts

• Total population in ZIP 97220: 27,810 residents.
• Total households: 11,561, indicating a mix of living arrangements.
• Total housing units: 12,177, suggesting some availability for new occupants.
• Median household income: $68,976, supporting a middle-income demographic.
• Median home value: $427,700, reflecting a strong real estate market.
• Median rent: $1,412, a key factor for renters assessing affordability.
• Diverse community: 59.04% White, 7.37% Black, 11.54% Asian, 13.6% Hispanic.

What This Means for You

For homebuyers, ZIP 97220 offers a competitive housing market with a median home value of $427,700. The slight surplus of housing units (12,177 total versus 11,561 households) may provide some negotiation room, but the price point suggests you’ll need a solid budget or financing plan. Renters should note the median rent of $1,412, which could impact monthly expenses significantly compared to other areas.

For investors and real estate agents, the data points to potential in both rental and purchase markets. The diversity of the population and the middle-income bracket ($68,976 median household income) suggest demand for varied housing options, from single-family homes to apartments. The cultural mix also indicates a broad tenant or buyer pool to target.

For small-business owners, the diverse demographic (over 40% non-White residents) and income levels offer a chance to cater to a wide range of needs, from affordable goods to niche cultural products. A population of 27,810 ensures a sizable local customer base, while the household count of 11,561 hints at steady demand for everyday services.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing turnover, or community development in 97220. The balance of income, housing costs, and diversity could inform projections or policy recommendations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 97220? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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