ZIP 97229 - 860Z200US97229 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in the Portland, Oregon area, ZIP code 97229 offers a compelling snapshot of a thriving, affluent, and diverse community. Located in the northwest part of the metro area, this ZIP code is known for its strong economic indicators and family-friendly environment. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the demographic and housing metrics of 97229 can help you make informed decisions. This article breaks down the latest 2023 data to provide clear, actionable insights.

Population & Households

ZIP code 97229 is home to a substantial population of 75,626 residents, making it a vibrant and densely populated area within the Portland region. This population is distributed across 27,532 households, indicating a strong residential base. With 28,312 total housing units, the area shows a slight surplus of homes relative to households, which could suggest availability for new residents or investors looking to enter the market. These figures highlight 97229 as a well-established community with significant demand for housing and services.

Income & Housing Costs

One of the standout features of ZIP 97229 is its economic strength, reflected in a median household income of $159,863. This figure positions the area as a high-income enclave, appealing to professionals and families seeking a prosperous lifestyle. Housing costs align with this affluence, with a median home value of $728,800, indicating a premium real estate market. For renters, the median rent stands at $1,948 per month, which, while high, reflects the quality of life and amenities available in the area. These metrics suggest that 97229 is a market for those with significant financial resources or investors targeting upscale properties.

Race & Ethnicity

The demographic makeup of ZIP 97229 showcases a diverse yet predominantly white and Asian community. White residents account for 57.6% of the population, while Asian residents make up a significant 26.3%, reflecting a strong cultural presence. Hispanic or Latino residents comprise 7.97% of the population, and Black residents represent 1.59%. This diversity contributes to a rich community fabric, offering cultural variety that can be attractive to families, businesses, and investors looking for inclusive environments with broad appeal.

Key Facts

• Total population in ZIP 97229: 75,626 residents, indicating a sizable community.
• Total households: 27,532, supporting a strong residential foundation.
• Median household income: $159,863, reflecting high earning potential.
• Median home value: $728,800, positioning this as a premium housing market.
• Median rent: $1,948 per month, aligning with the area’s upscale profile.
• Racial composition: 57.6% White, 26.3% Asian, 7.97% Hispanic, 1.59% Black.
• Total housing units: 28,312, suggesting potential availability for new occupants.

What This Means for You

For homebuyers, ZIP 97229 offers a high-quality lifestyle with access to a prosperous and diverse community, though the median home value of $728,800 means you’ll need substantial financial readiness to enter this market. The high median income suggests neighbors with strong purchasing power, which can translate to stable property values over time. Real estate investors and agents will find opportunities in a market with a slight surplus of housing units (28,312 vs. 27,532 households), potentially allowing for strategic purchases or rentals at a median rate of $1,948. Small-business owners can benefit from targeting a wealthy demographic with disposable income, particularly in sectors like retail, dining, or professional services that cater to families and professionals. Analysts can use these metrics to benchmark 97229 against other ZIP codes, identifying trends in affluent, diverse suburban areas.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 97229? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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