How much is a home worth in ZIP code 97005?

The typical home in 97005 is worth $490,658, based on the Zillow Home Value Index.

Are home values rising in 97005?

Home values in 97005 are down 2.3% over the past year, and up 2.4% a year over five years.

What is the typical rent in 97005?

A typical home in 97005 rents for about $1,765 a month, a gross rental yield of 4.3%.

What is the property tax rate in 97005?

The effective property tax rate in 97005 is 0.8% — roughly $3,848 a year on a typical home.

ZIP code 97005 has a population of 28,311 and a median household income of $78,239.

HousingHandbookReference data

…

U.S. ZIP Code · OR97005

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

Typical home value

$490,658^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.3%
5-year / yr: +2.4%
10-year / yr: +5.3%

Relative price

vs U.S.: +72.7%
vs metro: -10.5%
vs state: +6.7%

Price history

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

The typical home in 97005 is worth $490,658 — 10.5% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 2.3%. Homes here rent for a typical $1,765 a month — a 4.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,765^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,848^[3]

#Climate risk

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

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: No Rating
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Relatively Moderate

#Who lives here

Population: 28,311^[3]
Median household income: $78,239^[3]

#Migration

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

Net migration: -1,540^[5]
Moved in: 18,900
Moved out: 20,440

Schools

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

Public schools: 4
Elementary: 2
Middle: 0
High: 2

Beaverton High School
High · Grades 9–12 · Beaverton SD 48J
1,476 students
Arts and Communication Magnet Academy
High · Grades 6–12 · Beaverton SD 48J
669 students
Barnes Elementary School
Elementary · Grades PK–5 · Beaverton SD 48J
432 students
Hope Chinese Charter School
Elementary · Grades K–8 · Beaverton SD 48J
376 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.

Home value$Monthly rent$

Gross yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$21,180

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,481

Loan principal$392,526

Down payment$98,132

Total interest paid$500,646

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.82

Monthly cost to own$3,209

Monthly rent$1,765

Renting is meaningfully cheaper month-to-month.

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: 29th percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 48th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97005?: The typical home in 97005 is worth $490,658, based on the Zillow Home Value Index.
Are home values rising in 97005?: Home values in 97005 are down 2.3% over the past year, and up 2.4% a year over five years.
What is the typical rent in 97005?: A typical home in 97005 rents for about $1,765 a month, a gross rental yield of 4.3%.
What is the property tax rate in 97005?: The effective property tax rate in 97005 is 0.8% — roughly $3,848 a year on a typical home.
Who lives in 97005?: ZIP code 97005 has a population of 28,311 and a median household income of $78,239.

#Comparable ZIPs

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

97113 vs 97005 →
Cornelius, OR
Typical home
$489,507
Gross yield
—
97128 vs 97005 →
McMinnville, OR
Typical home
$489,071
Gross yield
4.8%
98684
Vancouver, WA
Typical home
$492,629
Gross yield
4.8%
97003
Aloha CDP, OR
Typical home
$488,384
Gross yield
4.8%
97056
Scappoose, OR
Typical home
$492,980
Gross yield
4.6%
97060
Troutdale, OR
Typical home
$487,162
Gross yield
4.1%

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Pit ZIP 97005 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97005

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