ZIP 97223 - 860Z200US97223 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97223, located in the Portland, Oregon metro area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights provide a foundation for understanding what makes this area unique and how it aligns with your goals.

Population & Households

ZIP 97223 is home to a population of 50,226 residents as of 2023, making it a sizable suburban community with a mix of families, professionals, and retirees. The area supports 20,835 households, reflecting a strong residential base. With 21,428 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. This balance suggests a stable community with room for moderate growth.

Income & Housing Costs

Financially, ZIP 97223 stands out with a median household income of $108,040, pointing to a relatively affluent population. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $577,600, reflecting a competitive real estate market that aligns with the area’s higher income bracket. For renters, the median rent is $1,726 per month, indicating a significant cost of living for those not ready to buy. These figures suggest that while the area offers economic stability, affordability may be a consideration for some prospective residents or tenants.

Race & Ethnicity

The demographic makeup of ZIP 97223 showcases a diverse yet predominantly white community. As of 2023, 68.41% of residents identify as white, followed by 13.74% Hispanic or Latino, 7.76% Asian, and 1.48% Black or African American. This diversity contributes to a culturally rich environment, which can appeal to families and businesses seeking an inclusive community. For small-business owners, this mix may offer opportunities to cater to varied cultural preferences and needs, while investors might see value in a neighborhood with broad appeal.

Key Facts

• Total population: 50,226 residents in 2023, indicating a substantial suburban community.
• Total households: 20,835, supporting a strong residential foundation.
• Total housing units: 21,428, with a small surplus suggesting potential availability.
• Median household income: $108,040, reflecting an affluent local economy.
• Median home value: $577,600, indicative of a competitive housing market.
• Median rent: $1,726 per month, a notable cost for renters in the area.
• Racial composition: 68.41% white, 13.74% Hispanic, 7.76% Asian, 1.48% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 97223 offers a stable, affluent community with median home values at $577,600, ideal if you’re seeking a long-term investment in a desirable area. However, the high cost of entry and median rent of $1,726 may require careful budgeting. Real estate investors and agents will find opportunity in the slight surplus of housing units (21,428 total vs. 20,835 households), which could signal room for rentals or flips, especially given the strong median income of $108,040 supporting demand. Small-business owners can leverage the diverse population of 50,226 and cultural mix to target niche markets or offer inclusive services. Analysts will appreciate the balanced demographics and economic indicators as a benchmark for suburban growth trends. Across all groups, the data points to a community with solid fundamentals but a premium price tag.

Run This Study Yourself

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