Portland, OR · standard
ZIP Code 97231
Multnomah County, Oregon - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,280
- 26/sq mi Moderate-density area
- $137,527
- Median income Above-median income area
- $858,200
- Median home value Above-median home value
- 58.8%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Portland pairs a top-decile household income with top-decile home values, in a rural, homeowner-dominated area.
- Top 6%
- household income, US ZIPs
- Top 4%
- home value, US ZIPs
- 26
- people per sq mi
- 88%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 97231 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 97231 (Portland, OR) rose +1.8% from 2023 to 2024. The all-transactions index moved from 267.4 in 2023 to 272.3 in 2024 (2000 = 100).
ZIP code 97231 covers 166.5 square miles in Portland, Multnomah County, Oregon (a standard USPS delivery area), with a modest 4,280 residents on file, a density of 26 people per square mile, in the Los Angeles time zone.
ZIP 97231 skews affluent, with a median household income of $137,527 (77% above the average Oregon ZIP), while per-capita income is $76,483. Both reported hardship measures are comparatively low in absolute terms: poverty is 4.4% and unemployment is 3.8%. Housing is both higher-cost and owner-heavy: median home value is $858,200 (98% above the average Oregon ZIP), while 88.3% of occupied homes are owner-occupied and median rent is $1,898.
This is a highly-educated ZIP: 58.8% of adults hold a bachelor's degree or higher, the median age is 51.7, and the average commute is 26 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Multnomah County, so 97231 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 97231
Top 5 sectors by establishment count in Portland, OR
Which industries have the most business establishments in ZIP 97231.
- Other services (except public administration)
Other services (except public administration)
13 establishments
- Retail trade
Retail trade
11 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
11 establishments
- Construction
Construction
9 establishments
- Wholesale trade
Wholesale trade
9 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 97231, Portland, OR · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
4,280
Population
166.5
Area (sq mi)
26
People / sq mi
Los Angeles
Time Zone
standard
ZIP Type
Who lives in ZIP 97231?
51.7
Median Age
50.6%
Male
49.4%
Female
6.2%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$137,527
Median Household Income
+77% vs state ZIP avg
$76,483
Per Capita Income
4.4%
Poverty Rate
3.8%
Unemployment Rate
25.8 min
Mean Commute Time
How ZIP 97231 ranks among Oregon ZIPs
Portland, OR household income vs. every Oregon ZIP code
Median household income among 378 reporting Oregon ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$137,527 Top 3% higher than 97% of 378 Oregon ZIPs
Each bar is a $20K-wide band; taller bars hold more Oregon ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,995housing units
1,995
Total Housing Units
1,829
Occupied Units
166
Vacant Units
2.33
Avg Household Size
Occupancy Type
$858,200
Median Home Value
+98% vs state ZIP avg
$1,898
Median Rent
1976
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+1.8%
YoY Change (2024)
272
HPI Index (2000 = 100)
+172%
Total Change Since 2000
Home values in ZIP 97231 have increased 1.8% over the past year (2024). Since 2000, this ZIP has seen +172% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +0.6% | 197 |
| 2021 | +9.1% | 215 |
| 2022 | +20.2% | 258 |
| 2023 | +3.5% | 267 |
| 2024 | +1.8% | 272 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 99 business establishments in ZIP 97231, employing approximately 717 people with a combined annual payroll of $46,971,000.
99
Businesses
717
Employees
$47.0M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 13 | 13.1% |
| Retail trade | 11 | 11.1% |
| Professional, scientific, and technical services | 11 | 11.1% |
| Construction | 9 | 9.1% |
| Wholesale trade | 9 | 9.1% |
| Health care and social assistance | 9 | 9.1% |
| Manufacturing | 6 | 6.1% |
| Transportation and warehousing | 6 | 6.1% |
| Real estate and rental and leasing | 6 | 6.1% |
| Accommodation and food services | 5 | 5.0% |
| Arts, entertainment, and recreation | 4 | 4.0% |
| Administrative and support and waste management and remediation services | 3 | 3.0% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 97231 vs 98660 →
ZIP 97231 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 97229
Portland (97229)
58,217 residents
- 97124
Hillsboro (97124)
48,349 residents
- 97217
Portland (97217)
31,438 residents
- 97203
Portland (97203)
31,042 residents
- 98685
Vancouver (98685)
26,217 residents
- 98642 15,696
Ridgefield (98642)
15,696 residents
- 98660 11,858
Vancouver (98660)
11,858 residents
- 97056 11,497
Scappoose (97056)
11,497 residents
- 97210 10,887
Portland (97210)
10,887 residents
What this shows Among its immediate neighbors, ZIP 97231 ranks #0 by population - useful context the national average alone can't give.
ZIP 97231 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 97229
Portland (97229)
$161,570 median income
- 97053
Warren (97053)
$142,538 median income
- 97231
Portland (97231)
$137,527 median income
- 98685
Vancouver (98685)
$130,972 median income
- 98642
Ridgefield (98642)
$120,822 median income
- 97124
Hillsboro (97124)
$110,067 median income
- 97217
Portland (97217)
$100,361 median income
- 97056
Scappoose (97056)
$94,209 median income
- 97210
Portland (97210)
$93,621 median income
What this shows By household income, ZIP 97231 ranks #3 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 98660 | Vancouver, WA | 11,858 | 4.6 mi |
| 97229 | Portland, OR | 58,217 | 8.9 mi |
| 97203 | Portland, OR | 31,042 | 6.2 mi |
| 98685 | Vancouver, WA | 26,217 | 7.1 mi |
| 97217 | Portland, OR | 31,438 | 8.1 mi |
| 97053 | Warren, OR | 3,247 | 10.6 mi |
| 97056 | Scappoose, OR | 11,497 | 9.3 mi |
| 97210 | Portland, OR | 10,887 | 10.3 mi |
| 97124 | Hillsboro, OR | 48,349 | 9.6 mi |
| 98642 | Ridgefield, WA | 15,696 | 10.4 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 97231, both outside OR so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (4,280 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Multnomah County
Related Areas
Frequently Asked Questions
What county is ZIP code 97231 in?
ZIP code 97231 (Portland) is located in Multnomah County, Oregon. Multnomah County contains multiple ZIP codes, see the full list at /counties/multnomah-or.
What is the population of ZIP code 97231?
ZIP code 97231 in Portland, OR has a population of 4,280 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 97231?
The median household income in ZIP 97231 is $137,527, which is 80% above the national average of $76,288.
What is the average home value in ZIP 97231?
The median home value in ZIP 97231 is $858,200, which is 209% above the national average of $278,155.
What is the demographic makeup of ZIP 97231?
The largest racial group in ZIP 97231 is White at 82.2%. Hispanic or Latino residents make up 6.0% of the population.
How many businesses are in ZIP code 97231?
ZIP code 97231 has 99 business establishments employing approximately 717 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 97231?
The top industries by establishment count in ZIP 97231 are: Other services (except public administration) (13), Retail trade (11), Professional, scientific, and technical services (11). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 97231?
According to the FHFA House Price Index, home values in ZIP 97231 increased by 1.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 172%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 97231?
In ZIP code 97231, 73.0% of residents aged 25+ have a high school diploma or higher, and 58.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 97231?
The mean commute time for workers in ZIP code 97231 is 25.8 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 97231?
In ZIP code 97231, approximately 88.3% of occupied housing units are owner-occupied and 11.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 97231?
The poverty rate in ZIP code 97231 is 4.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 97231's numbers, next.
- See how ZIP 97231 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Portland, OR ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.