Interested in purchasing investment houses in the 97231 zip code in Portland, OR?
The zip code 97231 is in both Multnomah and Columbia counties with a latitude of -122.827470000000 and longitude of 45.679520000000, is in the state of Oregon. The average asking price of houses and condos is $641,571.00 and the average sale price was $385,500.00. 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° 40' 46.272" N, 122° 49' 38.892" W. The county F.I.P.S. is 41051. This zip code contains two cities including Portland, OR (7.93%), and Bethany, OR (0.44%) The total land area is 64.4 square miles and the water area is 13.1 square miles. The elevation in this area is 75 - 646 feet. The zip code is on pacific standard time and observes daylight savings time.
The zip 97231 is in county number 009 and is L. Sector 69, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 4,000 in 2019 and 4,280 in 2010. This further breaks down to 2,020 males (50.5%) and 1,979 females (49.5%). The median age of residents is 51.2 years. The population of the greater Portland-Vancouver-Beaverton, OR-WA area is 2,255,276. The population density (people per square mile) is 62. This zip code has a combined total of 1,706 houses and condos. There are 202 rented appartments. 13% of residents rent versus the 13% 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 $117,248 and the average salary is $83,887. The median household income of individuals is $80,091.00 and the average is $146,360.00. This zip code has a mean commute time to work of 28.5 minutes. The unemployment rate is 3.2%. Income earners by percent breakdown as 30.10% (Under $50,000), 31.90% ($50,000-$100,000), and 38.00% earn over $100,000. 6.8% of residents live below poverty line versus the 11.4% in the state that are below this line. The cost of living index is 96.8. The educational breakdown is 98.6% have a high school education or higher, 54.7% have a bachelor's degree or higher, and 21.4% have some kind of profesional degree.
This area has 1,802 households and the average size is 2.5 people. Individuals who are single and have never been married are 25.9%, 58.9% are now married, 0.5% are separated, 2.9% are widowed, and 11.8% are divorced. The average yearly contribution amount given by people to charity was $5,802 versus the state average of $3,648. The percent of residents who gave to charity was 46.0%.
The estimated median value of houses and condos is $691,534. The median monthly owner costs of mortgage holders was $2,479, where as the costs for those who don't have a mortgage are $694. The median number of rooms in houses and condos are 7.2 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $5,692. 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 $5,875. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $5,355. Reported taxable interest for persons was $2,912, dividends $12,584, capital gains +$40,539, and itemized deductions $38,717. The average earned income tax credit is $1,375. The percent of individuals that use a tax preparer is 54.0%. The total average income taxes paid by individuals was $18,199. Businesses reported an average profit of $18,026.
The Fishwife
5328 N Lombard St, Portland, OR 97203 (6.1 miles away)
Bethany's Table
15325 NW Central Dr, Portland, OR 97229 (6.4 miles away)
Black Angus Steakhouse
415 E 13th St, Vancouver, WA 98660 (7.6 miles away)
Pasta Pronto
18070 NW Evergreen Pkwy, Beaverton, OR 97006 (8.4 miles away)
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