ZIP Code 97203 -- Portland, OR

Multnomah | 2024 American Community Survey Data

Key Insights

  • Home prices are 6.2x the local median income — well above the recommended 3-5x ratio, suggesting a very expensive housing market.
  • 24.06% of workers here work from home — more than double the pre-pandemic national average, reflecting the shift to remote work.

Quick Overview

Population
33,116
Unknown
Median Income
$78,660
Home Value
$484,400
Median Rent
$1,571
Median Age
34.30
Diversity Index
71.90
Very High
Cost of Living
156.2
very high
Unemployment
6.8%

About ZIP Code 97203

ZIP code 97203 in Portland, Oregon is a unknown area with a population of 33,116. The median household income is $78,660, which is This is 5% above the national median of $75,000.. The median home value is $484,400, representing a price-to-income ratio of 6.2x . The cost of living is very high with an index of 156.2 (the national average is 100). Residents have a median age of 34.30 years. Approximately 45.2% of adults hold a bachelor's degree or higher. This ZIP code is located in Multnomah, OR.

Population & Age

Total Population
33,116
Median Age
34.30
Male Population
16,881
51.0%
Female Population
16,235
49.0%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
71.90 Very High
White
55.7%
Black or African American
12.2%
Hispanic or Latino
18.4%
Asian
6.5%
Native American
1.1%
Pacific Islander
1.9%
Two or More Races
16.2%
Other Race
6.4%

Racial Composition

Income & Economy

Median Household Income
$78,660
Mean Household Income
$104,892
Per Capita Income
$42,849
Below Poverty Line
19.4%

This is 5% above the national median of $75,000.

Income Distribution

Housing

Median Home Value
$484,400
Median Rent
$1,571
Total Housing Units
13,677
Occupied Units
13,175
Vacant Units
502
3.7% vacancy
Median Year Built
1963
Owner Occupied
57.0%
Renter Occupied
43.0%
Price-to-Income Ratio 6.2x

Housing is expensive relative to income

Ownership vs Rental

Owner 57.0% Renter 43.0%

Education

High School Diploma or Higher 89.7%
Bachelor's Degree or Higher 45.2%
Graduate or Professional Degree 17.6%

Employment & Commuting

Civilian Labor Force
19,022
Employment Rate
93.2%
Unemployment Rate
6.8%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
53.6%
Carpool
8.7%
Public Transit
4.8%
Work from Home
24.1%

Cost of Living Index

156.2
very high

The cost of living in ZIP code 97203 is 56.2% above the national average of 100.

0 National Avg (100) 200

Compare 97203 with:

Compare 97203 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Portland

ZIP Code Population Median Income Home Value
97229 76,106 $161,570 $782,100
97206 49,890 $98,548 $498,300
97202 43,533 $104,971 $700,800
97219 42,430 $121,306 $677,900
97236 37,558 $75,090 $436,100
97233 36,236 $60,198 $414,600

Other ZIP Codes in Multnomah

ZIP Code City Population Median Income
97206 Portland 49,890 $98,548
97080 Gresham 48,411 $96,305
97230 Rockwood corners 43,553 $75,572
97202 Portland 43,533 $104,971
97219 Portland 42,430 $121,306
97030 Gresham 37,708 $69,239

Frequently Asked Questions about ZIP Code 97203

ZIP code 97203 (Portland, OR) has a total population of 33,116 according to the 2024 American Community Survey. The median age is 34.30 years.

The median household income in ZIP code 97203 is $78,660 per year, based on 2024 Census Bureau data. This is 5% above the national median of $75,000.

ZIP code 97203 is primarily located in Portland, Oregon (OR). It falls within Multnomah County.

The median home value in ZIP code 97203 is $484,400, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,571.

The median age in ZIP code 97203 is 34.30 years, compared to the national median of 38.9 years. This makes the area younger than the national average.

ZIP code 97203 has a cost of living index of 156.17 (national average = 100). This means the cost of living is very high compared to the national average.

In ZIP code 97203, 45.16% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 17.55% hold a graduate or professional degree.

The unemployment rate in ZIP code 97203 is 6.82%, which is above the national average of 3.6%. About 24.06% of workers work from home.

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.