Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.5 yrs |
|---|---|
| Avg HH Size | 2.65 |
| Below Poverty | 6.9% ▼ 31% below avg |
| College Grads | 51.7% ▲ 34% above avg |
| Unemployment | 5.0% ≈ Avg |
| No HS Diploma | 32 (1%) |
| HS Graduate | 747 (22.2%) |
| Some College | 327 (9.7%) |
| Associates | 519 (15.4%) |
| Bachelors | 365 (10.8%) |
| Graduate Degree | 1,377 (40.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $108,383 ▲ 42% above avg |
|---|---|
| Median Home Value | $512,900 ▲ 84% above avg |
| Home/Income Ratio | 4.7x (nat avg ~3.5x) |
| Median Rent | $1,589/mo |
| Total Housing Units | 1,975 |
| Vacant Units | 84 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Banks is a city in Oregon, located in Washington County. The city spans 1 ZIP code and is home to approximately 5,009 residents. It is a middle-aged city, with a median age of 40.5 years.
Economically, Banks is a upper-middle-income community. The median household income of $108,383 is above the national average. Approximately 6.9% of residents live below the poverty line. The unemployment rate is 5.0%, near the national average.
The real estate market in Banks is a premium housing market. Median home values stand at $512,900, which is significantly above the national average. Renters typically pay around $1,589 per month. Homeownership is high at 88.4%, typical of suburban and family-oriented communities.
The population of Banks is well-educated. 51.7% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (84.05%).
Banks, OR offers residents above-average earning potential within Oregon.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 97106 | 5,009 | $108,383 | $512,900 | $1,589 | 5.0% | 51.7% | 88.4% |