HousingHandbookReference data

U.S. ZIP Code · OR97004

Clackamas County · Portland-Vancouver-Hillsboro, OR-WA

Typical home value

$763,250[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.3%
5-year / yr
+3.9%
10-year / yr
+6.3%

Relative price

vs U.S.
+168.7%
vs metro
+39.2%
vs state
+66.0%
ZIP 97004 location in OR
Location of ZIP 97004 in OR

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 97004 is worth $763,250 — 39.2% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have risen 2.3%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$4,255[3]

#Climate risk

FEMA National Risk Index ratings for Clackamas County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Very Low
Wildfire
Relatively Low
Drought
Very Low
Heat wave
Relatively Moderate
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Relatively High
Winter weather
Relatively High

#Who lives here

Population
4,496[3]
Median household income
$112,667[3]

#Migration

Household moves in and out of Clackamas County over a year, from IRS tax-return data.

Net migration
-381[5]
Moved in
13,847
Moved out
14,228

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Beavercreek Elementary School

    Elementary · Grades K–5 · Oregon City SD 62

    458 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,859
Loan principal$610,600
Down payment$152,650
Total interest paid$778,787

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$4,852
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
85th percentile[1]
Rental yield
[2]
Property tax
8th percentile[3]

Frequently asked

How much is a home worth in ZIP code 97004?
The typical home in 97004 is worth $763,250, based on the Zillow Home Value Index.
Are home values rising in 97004?
Home values in 97004 are up 2.3% over the past year, and up 3.9% a year over five years.
What is the property tax rate in 97004?
The effective property tax rate in 97004 is 0.6% — roughly $4,255 a year on a typical home.
Who lives in 97004?
ZIP code 97004 has a population of 4,496 and a median household income of $112,667.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Camas, WA

    Typical home
    $755,982
    Gross yield
    3.5%
  • Portland, OR

    Typical home
    $773,772
    Gross yield
    3.0%
  • Lake Oswego, OR

    Typical home
    $752,404
    Gross yield
    3.2%
  • West Linn, OR

    Typical home
    $777,547
    Gross yield
    3.6%
  • Beaverton, OR

    Typical home
    $745,226
    Gross yield
    2.7%
  • Bethany CDP, OR

    Typical home
    $744,606
    Gross yield
    3.3%

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