ZIP 97233 - 860Z200US97233 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97233, located in the Portland, Oregon area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 37,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in ZIP 97233.

Population & Households

ZIP 97233 is home to 37,518 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 13,816 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 14,844, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 97233 is $54,886, which provides a benchmark for understanding the economic capacity of residents. This income level may influence affordability for potential homebuyers and the spending power of customers for local businesses. On the housing front, the median home value is $385,100, reflecting a significant investment for those entering the real estate market here. For renters, the median rent is $1,352 per month, which aligns with the income levels but may require careful budgeting for some households. These figures highlight the importance of financial planning for anyone considering a move or business venture in this ZIP code.

Race & Ethnicity

ZIP 97233 boasts a diverse population, which contributes to a rich cultural fabric. The racial and ethnic composition is as follows: 51.28% White, 8.75% Black, 8.77% Asian, and 23.28% Hispanic. This diversity can be a draw for those seeking an inclusive community to live in or serve through business. For investors and business owners, understanding this demographic mix is crucial for tailoring services, marketing strategies, or community engagement efforts to resonate with the local population.

Key Facts

• Total population: 37,518 residents in ZIP 97233 as of 2023.
• Total households: 13,816, indicating a mix of family and individual living arrangements.
• Total housing units: 14,844, suggesting some availability for new occupants.
• Median household income: $54,886, a key indicator of local economic health.
• Median home value: $385,100, reflecting the cost of homeownership in the area.
• Median rent: $1,352 per month, an important figure for renters and landlords.
• Diverse community: Over 23% Hispanic, with significant White, Black, and Asian populations.

What This Means for You

For homebuyers, ZIP 97233 offers a diverse community with a median home value of $385,100, which may be a worthwhile investment given the area’s cultural richness and population density. However, ensure your budget aligns with the median household income of $54,886 to manage living costs comfortably. Real estate investors and agents should note the slight surplus of housing units (14,844 total units versus 13,816 households), which could indicate opportunities for rental properties or sales, especially with a median rent of $1,352. Keep an eye on market trends to maximize returns. Small-business owners can benefit from the diverse demographic makeup, tailoring products or services to a wide audience while considering the median income as a guide for pricing. Finally, analysts can use these metrics to assess economic and social trends, identifying growth potential or areas of need in ZIP 97233.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 97233? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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