Interested in purchasing investment houses in the 97220 zip code in Portland, OR?
The zip code 97220 is in Multnomah county with a latitude of -122.559110000000 and longitude of 45.549690000000, is in the state of Oregon. The average asking price of houses and condos is $215,872.00 and the average sale price was $175,916.00. this regions is classified as the Portland metro area and consists of the following area codes: 503 and 971. The location in degrees is 45° 32' 58.884" N, 122° 33' 32.796" W. The county F.I.P.S. is 41051. This zip code contains two cities including Portland, OR (97.62%), and Maywood Park, OR (2.38%) The total land area is 7.2 square miles and the water area is 0.1 square miles. The elevation in this area is 200 - 253 feet. The zip code is on pacific standard time and observes daylight savings time.
The zip 97220 is in county number 051 and is L. Sector 00, L. Segment 01, H. Sector 09, and H. Segment 09. The population was 29,952 in 2019 and 28,495 in 2010. This further breaks down to 14,850 males (49.6%) and 15,101 females (50.4%). The median age of residents is 38.8 years. The population of the greater Portland-Vancouver-Beaverton, OR-WA area is 2,255,276. The population density (people per square mile) is 4,168. This zip code has a combined total of 12,333 houses and condos. There are 5,043 rented appartments. 44% of residents rent versus the 44% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $39,985 and the average salary is $36,703. The median household income of individuals is $50,074.00 and the average is $52,190.00. This zip code has a mean commute time to work of 27.1 minutes. The unemployment rate is 4.4%. Income earners by percent breakdown as 49.90% (Under $50,000), 38.00% ($50,000-$100,000), and 12.00% earn over $100,000. 11.9% of residents live below poverty line versus the 11.4% in the state that are below this line. The cost of living index is 103.5. The educational breakdown is 89.2% have a high school education or higher, 30.7% have a bachelor's degree or higher, and 9.5% have some kind of profesional degree.
This area has 11,118 households and the average size is 2.5 people. Individuals who are single and have never been married are 40.2%, 38.4% are now married, 2.8% are separated, 5.4% are widowed, and 13.3% are divorced. The average yearly contribution amount given by people to charity was $2,569 versus the state average of $3,648. The percent of residents who gave to charity was 25.1%.
The estimated median value of houses and condos is $348,310. The median monthly owner costs of mortgage holders was $1,638, where as the costs for those who don't have a mortgage are $569. The median number of rooms in houses and condos are 5.8 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $3,325. In comparision, the average real estate tax percent rate in the state is 0.9% which equated to an average real estate tax amount payment in the state of $3,203. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $3,193. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $3,642. Reported taxable interest for persons was $938, dividends $3,306, capital gains +$4,662, and itemized deductions $17,941. The average earned income tax credit is $2,153. The percent of individuals that use a tax preparer is 43.8%. The total average income taxes paid by individuals was $6,849. Businesses reported an average profit of $11,574.
Namaste Indian Cuisine
8303 NE Sandy Blvd, Portland, OR 97220
Stanford's Restaurant & Bar
7000 NE Airport Way, Portland, OR 97218 (2.5 miles away)
Jian Shin Restaurant
18180 SE Stark St, Portland, OR 97233 (3.4 miles away)
Lucca
3449 NE 24th Ave, Portland, OR 97212 (4.2 miles away)
Nostrana
1401 SE Morrison St, Portland, OR 97214 (4.3 miles away)
Rudy's Gourmet Pizza
4716 SE Powell Blvd, Portland, OR 97206 (4.4 miles away)
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