ZIP 97224 - 860Z200US97224 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 97224, located in the heart of Oregon's Washington County, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 36,000 and a robust housing market, this ZIP code presents a blend of suburban appeal and economic vitality. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing in 97224.

Population & Households

ZIP 97224 is home to 36,015 residents, making it a moderately sized community with a strong residential base. The area supports 15,347 households, reflecting a stable and engaged population. With 15,938 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities in this market. This balance suggests a community that’s neither overcrowded nor underpopulated, offering a comfortable density for families and individuals alike.

Income & Housing Costs

The median household income in ZIP 97224 stands at $94,456, pointing to a relatively affluent community with solid earning potential. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $579,400, reflecting a premium market that aligns with the area’s higher income bracket. For renters, the median rent is $1,693 per month, indicating a competitive rental market that may appeal to investors seeking steady returns. These figures suggest that 97224 is a desirable location for those who can afford its cost of living, with housing costs reflecting the area’s economic strength.

Race & Ethnicity

The demographic makeup of ZIP 97224 showcases a diverse yet predominantly white community. Approximately 73.37% of residents identify as white, while 10.49% are Hispanic, 7.54% are Asian, and 2.63% are Black. This diversity adds cultural richness to the area, which can be a significant factor for families seeking inclusive communities or businesses aiming to serve a varied customer base. The mix of backgrounds also hints at a welcoming environment for newcomers from different walks of life.

Key Facts

• Total population: 36,015 residents in 2023.
• Total households: 15,347, indicating a strong community base.
• Total housing units: 15,938, with a small surplus of available homes.
• Median household income: $94,456, reflecting economic stability.
• Median home value: $579,400, signaling a premium housing market.
• Median rent: $1,693, competitive for the rental sector.
• Racial composition: 73.37% white, 10.49% Hispanic, 7.54% Asian, 2.63% Black.

What This Means for You

For homebuyers, ZIP 97224 offers a stable, affluent community with a median home value of $579,400, ideal for those seeking long-term value in a suburban setting. The slight surplus of housing units (15,938 vs. 15,347 households) might provide some negotiating room, though the price point reflects a competitive market. Investors and real estate agents will find opportunity in both the rental and sales markets, with a median rent of $1,693 suggesting strong demand from tenants and potential for consistent returns. The area’s higher income levels also support property value growth over time. For small-business owners, the population of 36,015 and median income of $94,456 indicate a customer base with disposable income, particularly for services or retail catering to families and professionals. Finally, analysts can use these metrics to benchmark 97224 against neighboring ZIP codes, identifying trends in housing affordability or demographic shifts. This data paints a picture of a thriving, diverse area with opportunities across multiple sectors.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 97224? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture in any area.