ZIP 97317 - 860Z200US97317 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 97317 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Oregon, this area offers a blend of suburban appeal and diverse community dynamics. With a population of over 26,000 and a median household income above the national average, ZIP 97317 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, investing, or operating in this region.

Population & Households

ZIP 97317 is home to 26,165 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 8,809 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 9,024, indicating a slight surplus of available homes compared to occupied households. This small gap could suggest opportunities for buyers or renters looking to move into the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 97317 is $81,208, a figure that positions this area as relatively affluent compared to many other regions. This income level supports a stable local economy, which can be a draw for businesses seeking a customer base with disposable income. On the housing front, the median home value is $382,500, reflecting a robust real estate market that may appeal to investors looking for appreciation potential. For renters, the median rent is $1,370 per month, which is reasonable given the income levels and home values, offering a balanced cost of living for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 97317 is diverse, with a racial and ethnic composition that shapes the community's culture and social fabric. The population is 61.43% White, 28.45% Hispanic, 1.93% Asian, and 0.24% Black. This diversity can be a significant asset for businesses aiming to cater to varied customer preferences or for families seeking a multicultural environment. Understanding these dynamics can also help real estate agents and investors tailor their strategies to meet the needs of different demographic groups in the area.

Key Facts

• Total population: 26,165 residents in ZIP 97317 as of 2023.
• Total households: 8,809, indicating a strong residential community.
• Total housing units: 9,024, with a small surplus of available homes.
• Median household income: $81,208, above the national average.
• Median home value: $382,500, signaling a solid real estate market.
• Median rent: $1,370, offering a balanced rental option.
• Racial composition: 61.43% White, 28.45% Hispanic, 1.93% Asian, 0.24% Black.

What This Means for You

For homebuyers, ZIP 97317 offers a promising market with median home values at $382,500 and a slight surplus of housing units, which could mean less competition for available properties. The median income of $81,208 suggests a financially stable community, ideal for families looking to settle in a secure area. Real estate investors and agents will find potential in the strong home values and diverse population, which can support varied property types and rental demand, especially with median rents at $1,370. Small-business owners can benefit from the relatively high household income and cultural diversity, tailoring products or services to a broad customer base. Analysts studying market trends will appreciate the balanced demographics and housing metrics as indicators of economic health and growth potential in this Oregon ZIP code.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 97317? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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