ZIP 97231 - 860Z200US97231 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 97231 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the Portland, Oregon area, this ZIP code offers a unique blend of suburban charm and access to urban amenities. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition in 97231. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this community.

Population & Households

The total population in ZIP 97231 stands at 4,304 residents as of 2023. This relatively small community is spread across 1,861 households, indicating an average household size of roughly 2.3 people. This smaller population density can appeal to those seeking a quieter, less crowded environment compared to denser urban ZIP codes. Additionally, with 2,003 total housing units in the area, there’s a modest buffer of available properties, suggesting a stable but not oversaturated housing market.

Income & Housing Costs

One of the standout metrics for ZIP 97231 is its median household income, which sits at an impressive $122,063. This figure points to a relatively affluent community, likely attracting professionals and families with higher earning potential. However, housing costs reflect this prosperity. The median house value in 97231 is $795,100, positioning it as a premium market for homebuyers and investors. For renters, the median rent is $1,824 per month, which aligns with the area’s higher cost of living. These numbers suggest that entering this market requires significant financial readiness, but the investment could offer long-term value given the income levels and property values.

Race & Ethnicity

The demographic makeup of ZIP 97231 provides insight into the community’s cultural fabric. The population is predominantly White, accounting for 80.55% of residents. Hispanic or Latino individuals make up 7.9%, while Asian residents comprise 6.6%. Black or African American residents represent a smaller share at 0.09%. This composition indicates a largely homogeneous community with some diversity, which may influence the cultural amenities, schools, and social dynamics in the area. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the local population.

Key Facts

• Total population in ZIP 97231: 4,304 residents as of 2023.
• Total households: 1,861, with an average household size of about 2.3 people.
• Total housing units: 2,003, indicating a slight surplus of properties.
• Median household income: $122,063, reflecting a high-earning community.
• Median house value: $795,100, signaling a premium real estate market.
• Median rent: $1,824 per month, consistent with the area’s cost of living.
• Racial composition: 80.55% White, 7.9% Hispanic, 6.6% Asian, 0.09% Black.

What This Means for You

For homebuyers, ZIP 97231 offers a stable, affluent community with high property values. The median house value of $795,100 means you’ll need substantial capital or financing, but the area’s median income of $122,063 suggests a financially secure neighborhood with potential for property appreciation. If you’re renting, expect to budget around $1,824 monthly, which may suit higher earners seeking a quieter locale near Portland.

For investors and real estate agents, the slight surplus of housing units (2,003 total) compared to households (1,861) hints at opportunities for rentals or flips, though the high entry cost requires careful financial planning. The affluent demographic could support premium pricing for well-positioned properties.

For small-business owners, the high median income indicates disposable income among residents, ideal for businesses offering premium goods or services. However, the smaller population of 4,304 and predominantly White demographic (80.55%) suggest a niche market—focus on tailored offerings that resonate with local tastes and needs.

For analysts, these metrics provide a baseline for tracking trends in income growth, housing demand, and demographic shifts in 97231, especially compared to neighboring ZIP codes in the Portland metro area.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 97231? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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• Use the analysis to inform your homebuying, investing, or business decisions with confidence.