| ZIP Code | 97231 |
|---|---|
| City | Portland |
| State | Oregon (OR) |
| County | Multnomah County |
| Area Code | 503 |
| Elevation | 5 ft |
| Latitude | 45.687631 |
|---|---|
| Longitude | -122.824202 |
| Timezone | Los Angeles (DST) |
| FIPS | 41051 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.8 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.28 |
| Below Poverty | 5.5% ▼ 45% below avg |
| College Grads | 62.9% ▲ 62% above avg |
| Unemployment | 3.4% ▼ 30% below avg |
| No HS Diploma | 5 (0.2%) |
| HS Graduate | 493 (15.4%) |
| Some College | 168 (5.3%) |
| Associates | 519 (16.3%) |
| Bachelors | 136 (4.3%) |
| Graduate Degree | 1,870 (58.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $122,063 ▲ 60% above avg ↑ 20% since 2019 |
|---|---|
| Median Home Value | $795,100 ▲ 185% above avg ↑ 27% since 2019 |
| Home/Income Ratio | 6.5x (nat avg ~3.5x) |
| Median Rent | $1,824/mo ↑ 41% since 2019 |
| Total Units | 2,003 |
| Vacant Units | 142 |
| Avg HH Size | 2.28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,003 |
|---|---|
| Vacant | 142 |
| Owner Occupied | 87.3% |
| Renter Occupied | 12.7% |
| Avg HH Size | 2.28 |
ZIP code 97231 is located in Portland, Oregon, within Multnomah County. With a population of 4,304, this is a lightly populated ZIP code with a mature community — the median age is 51.8 years. Economically, 97231 is a upper-middle-income ZIP code: the median household income of $122,063 is significantly above the national average.
Real estate in ZIP code 97231 represents a premium housing market. The median home value of $795,100 is more than double the national average. Renters can expect to pay around $1,824 per month in median rent. Homeownership is strong here — 87.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 27% since 2019.
The population of 97231 is primarily White (80.55%). Residents are highly educated — 62.9% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 5.5%. Household income has grown by 20% since 2019.
The unemployment rate in 97231 stands at 3.4%, which is below the national average. A notably high share of workers — 34% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 49%.
Overall, ZIP code 97231 in Portland, OR is characterized as upper-middle-income, highly educated, a mature community, and predominantly owner-occupied. With 4,304 residents, a median household income of $122,063, and a median home value of $795,100, it offers a clear picture of life in this part of Oregon.