ZIP 97227 - 860Z200US97227 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 97227 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in a dynamic part of Portland, Oregon, this area offers a blend of urban energy and community diversity. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 97227 and uncover what they reveal about life in this neighborhood.

Population & Households

ZIP code 97227 is home to a population of 6,378 residents as of 2023. This compact community is spread across 3,531 households, indicating a mix of family and individual living arrangements. With 3,835 total housing units in the area, there’s a slight surplus of units over households, which could suggest some availability for new residents or investors looking to enter the market. This balance between population and housing stock paints a picture of a neighborhood that’s neither overcrowded nor underutilized, offering potential for growth and stability.

Income & Housing Costs

The median household income in ZIP 97227 stands at $79,161, reflecting a solid economic base for many residents. This income level supports a housing market where the median home value is $595,900—a figure that positions 97227 as a higher-end market within the Portland area. For renters, the median rent is $1,609 per month, which aligns with the area’s elevated property values and suggests a competitive rental landscape. These figures indicate that 97227 is a neighborhood where affordability may be a concern for some, but the investment potential and quality of life could justify the costs for others.

Race & Ethnicity

The demographic makeup of ZIP 97227 showcases a diverse community with a range of cultural backgrounds. The racial composition includes 65.02% White, 11.48% Black, 6.04% Asian, and 9.78% Hispanic residents. This diversity contributes to a vibrant local culture, offering a mix of perspectives and experiences that can enrich community life. For businesses and investors, this varied demographic profile suggests opportunities to cater to a wide array of needs and preferences, while homebuyers may appreciate the inclusive atmosphere that comes with such a blend of backgrounds.

Key Facts

• Total population in ZIP 97227: 6,378 residents as of 2023.
• Total households: 3,531, indicating a mix of living arrangements.
• Total housing units: 3,835, with a small surplus over households.
• Median household income: $79,161, supporting a robust local economy.
• Median home value: $595,900, reflecting a premium housing market.
• Median rent: $1,609, consistent with the area’s property values.
• Racial diversity: 65.02% White, 11.48% Black, 6.04% Asian, 9.78% Hispanic.

What This Means for You

For homebuyers, ZIP 97227 offers a vibrant, diverse community with a higher-end housing market. The median home value of $595,900 suggests you’ll need a strong budget, but the area’s economic stability (with a median income of $79,161) and cultural richness could make it a worthwhile long-term investment. Be prepared for competitive pricing and consider working with a local agent to navigate the market.

For investors and real estate agents, the slight surplus of housing units (3,835 vs. 3,531 households) hints at opportunities for rentals or flips, especially given the median rent of $1,609. The area’s income levels and property values also suggest demand for quality housing, making 97227 a promising spot for strategic investments.

For small-business owners, the diverse population of 6,378 and varied racial composition provide a broad customer base. Tailoring your offerings to meet the needs of different cultural groups could help you stand out, while the solid median income indicates potential spending power among residents.

For analysts, these metrics offer a foundation for deeper research into urban trends, housing affordability, and demographic shifts in Portland’s evolving landscape. The data points to a stable, diverse, and economically sound area worth monitoring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 97227? 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 inform your homebuying, investment, or business decisions with confidence and precision.