ZIP 97221 - 860Z200US97221 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97221, located in the Portland, Oregon area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 13,000 and a median household income well above the national average, 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 97221.

Population & Households

ZIP 97221 is home to 13,118 residents, making it a moderately sized community with a tight-knit feel. These individuals are spread across 5,313 households, indicating an average household size of roughly 2.5 people. This balance suggests a mix of families, couples, and individuals, which could appeal to a variety of homebuyers or businesses catering to diverse needs. The total number of housing units stands at 5,593, showing a slight surplus of available homes compared to occupied households, which may hint at opportunities for buyers or investors looking for vacancies.

Income & Housing Costs

One of the standout features of ZIP 97221 is its strong economic profile. The median household income is an impressive $146,017, reflecting a high-earning community with significant purchasing power. This figure is well above national and many regional averages, positioning 97221 as an affluent area. However, housing costs align with this income level. The median house value is $789,700, indicating a premium real estate market that may require substantial investment. For renters, the median rent is $1,658 per month, which, while high, remains more accessible than purchasing in this market. These numbers suggest that both buying and renting in 97221 demand financial readiness, but the high income levels may support such costs for many residents.

Race & Ethnicity

The demographic makeup of ZIP 97221 is predominantly White, with 77.28% of the population identifying as such. Asian residents account for 6.5%, Hispanic or Latino individuals make up 4.94%, and Black residents represent just 0.82% of the population. This composition points to a relatively homogenous community with limited racial diversity compared to broader urban areas like Portland. For businesses or investors, this demographic profile may influence marketing strategies or community engagement approaches, while homebuyers might consider how the cultural makeup aligns with their preferences or needs.

Key Facts

• Total population in ZIP 97221: 13,118 residents as of 2023.
• Total households: 5,313, with an average size of about 2.5 people.
• Total housing units: 5,593, suggesting some availability of unoccupied homes.
• Median household income: $146,017, indicating a high-earning community.
• Median house value: $789,700, reflecting a premium real estate market.
• Median rent: $1,658 per month, a significant but more accessible cost than buying.
• Racial composition: 77.28% White, 6.5% Asian, 4.94% Hispanic, 0.82% Black.

What This Means for You

For homebuyers, ZIP 97221 offers a stable, affluent community with high-quality housing, but the median home value of nearly $790,000 means you’ll need substantial financial resources or a strong mortgage plan. The slight surplus of housing units could provide some negotiation leverage if inventory remains available. Real estate investors and agents might find value in targeting high-net-worth clients or focusing on rental properties, given the $1,658 median rent and strong local incomes that support consistent demand. However, the high entry cost for properties could limit quick flips or short-term gains. Small-business owners can benefit from the area’s $146,017 median income, which suggests residents have disposable income for premium goods and services, though the less diverse demographic might require tailored offerings. Finally, analysts can use this data to benchmark 97221 against neighboring ZIP codes or assess long-term growth potential in housing and income trends.

Run This Study Yourself

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