ZIP 97322 - 860Z200US97322 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 97322 in Albany, Oregon, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot provides a detailed look at the area’s population, income levels, housing costs, and cultural composition based on the latest 2023 data. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 97322.

Population & Households

ZIP code 97322 is home to a population of 36,288 individuals, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 14,436 households, reflecting a strong residential base. With 14,867 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic environment.

Income & Housing Costs

The median household income in ZIP 97322 stands at $68,536, positioning it as a middle-income area with reasonable earning potential for residents. This income level supports a comfortable lifestyle for many, while also indicating a market where affordability remains within reach for a broad range of buyers and renters. Housing costs reflect this balance, with a median house value of $321,200—a figure that suggests a solid investment opportunity without the prohibitive price tags of larger urban centers. For renters, the median rent of $1,335 per month offers a more accessible entry point into the community, catering to diverse financial situations.

Race & Ethnicity

The cultural makeup of ZIP 97322 is predominantly White, with 75.03% of the population identifying as such. The Hispanic or Latino community represents a significant 17.73%, adding to the area’s diversity and cultural richness. Smaller proportions include Asian residents at 1.88% and Black residents at 0.27%. This demographic blend creates a community with varied perspectives and backgrounds, which can be a draw for businesses aiming to serve a diverse customer base or families seeking an inclusive environment.

Key Facts

• Total population in ZIP 97322: 36,288 residents, offering a sizable community for engagement.
• Total households: 14,436, indicating a strong residential foundation.
• Total housing units: 14,867, with a small surplus suggesting potential availability.
• Median household income: $68,536, reflecting a stable middle-income area.
• Median house value: $321,200, presenting a balanced real estate market.
• Median rent: $1,335, providing affordable options for renters.
• Racial composition: 75.03% White, 17.73% Hispanic, 1.88% Asian, 0.27% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 97322 offers a promising mix of affordability and value. With a median home price of $321,200, you can enter a market that’s reasonably priced compared to larger metro areas, while the community size ensures access to amenities and neighbors. Real estate investors and agents will find potential in the slight surplus of housing units (14,867 vs. 14,436 households), which may signal opportunities for rentals or flips, especially with a median rent of $1,335 attracting steady demand. Small-business owners can leverage the diverse population of 36,288 and a median income of $68,536 to target a stable customer base with disposable income for local goods and services. Finally, analysts can use these metrics to benchmark 97322 against nearby ZIP codes, identifying trends in housing or demographic shifts for deeper market studies.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 97322? Use ZipcodeGPT to access detailed demographic and housing data tailored to your needs.
• Simply enter any ZIP code to uncover population stats, income levels, housing costs, and more in seconds.
• Make data-driven decisions for your next home purchase, investment, or business venture with ease.