ZIP 97321 - 860Z200US97321 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 97321, located in the Albany area of Oregon, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 30,000 and a robust median household income, this area presents a stable and promising environment for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 97321 unique and whether it aligns with your goals.

Population & Households

ZIP 97321 is home to 30,996 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 11,406 households, reflecting a strong residential base. The total number of housing units stands at 11,790, indicating a slight surplus of available homes compared to occupied households. This balance suggests a market with room for growth or flexibility for new residents and investors looking to enter the area.

Income & Housing Costs

One of the standout metrics for ZIP 97321 is its median household income of $95,687, which points to a financially stable population with significant purchasing power. This income level can support a comfortable lifestyle and makes the area attractive for businesses targeting middle- to upper-middle-class consumers. On the housing front, the median home value is $442,400, reflecting a competitive yet accessible real estate market for a region with such income strength. For renters, the median rent is $1,264 per month, offering a more affordable alternative to homeownership while still aligning with local income levels.

These figures suggest that ZIP 97321 strikes a balance between cost and quality of life, making it a viable option for families, professionals, and investors seeking value in a growing market.

Race & Ethnicity

The demographic makeup of ZIP 97321 is predominantly White, with 82.74% of the population identifying as such. Hispanic or Latino residents account for 8.37%, while Asian and Black populations are smaller at 1.34% and 0.69%, respectively. This composition indicates a relatively homogenous community with some diversity, which may influence cultural dynamics, business opportunities, and community services. For businesses and investors, understanding this breakdown can help tailor offerings or marketing strategies to resonate with the majority demographic while addressing the needs of smaller groups.

Key Facts

• Total population: 30,996 residents in 2023.
• Total households: 11,406, supporting a strong residential community.
• Total housing units: 11,790, with a small surplus of available homes.
• Median household income: $95,687, indicating financial stability.
• Median home value: $442,400, reflecting a competitive real estate market.
• Median rent: $1,264, offering an affordable rental option.
• Racial composition: 82.74% White, 8.37% Hispanic, 1.34% Asian, 0.69% Black.

What This Means for You

For homebuyers, ZIP 97321 offers a promising mix of affordability and value with a median home price of $442,400 and a strong median income to support mortgage payments. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find opportunity in a stable market with potential for appreciation, given the income levels and housing demand. The rental market, with a median rent of $1,264, also suggests a viable option for buy-to-rent strategies.

For small-business owners, the high median income of $95,687 signals a customer base with disposable income, ideal for retail, dining, or service-based ventures. The demographic composition can guide product offerings or marketing to align with the predominantly White population while exploring niche opportunities for diverse groups. Analysts can use these metrics to benchmark ZIP 97321 against neighboring areas, identifying trends in income growth, housing availability, or demographic shifts.

Run This Study Yourself

Want to dive deeper into ZIP 97321 or compare it with another area? Follow these steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to make informed decisions for buying, investing, or starting a business.