How much is a home worth in ZIP code 97008?

The typical home in 97008 is worth $567,807, based on the Zillow Home Value Index.

Are home values rising in 97008?

Home values in 97008 are down 1.6% over the past year, and up 2.8% a year over five years.

What is the typical rent in 97008?

A typical home in 97008 rents for about $1,804 a month, a gross rental yield of 3.8%.

What is the property tax rate in 97008?

The effective property tax rate in 97008 is 1.0% — roughly $5,774 a year on a typical home.

ZIP code 97008 has a population of 28,611 and a median household income of $96,116.

HousingHandbookReference data

…

U.S. ZIP Code · OR97008

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

Typical home value

$567,807^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.6%
5-year / yr: +2.8%
10-year / yr: +5.2%

Relative price

vs U.S.: +99.9%
vs metro: +3.6%
vs state: +23.5%

Price history

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

The typical home in 97008 is worth $567,807 — 3.6% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.6%. Homes here rent for a typical $1,804 a month — a 3.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,804^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,774^[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: 28,611^[3]
Median household income: $96,116^[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: 10
Elementary: 6
Middle: 3
High: 1

Southridge High School
High · Grades 9–12 · Beaverton SD 48J
1,450 students
Conestoga Middle School
Middle · Grades 6–8 · Beaverton SD 48J
831 students
Whitford Middle School
Middle · Grades 6–8 · Beaverton SD 48J
773 students
Vose Elementary School
Elementary · Grades PK–5 · Beaverton SD 48J
707 students
Highland Park Middle School
Middle · Grades 6–8 · Beaverton SD 48J
652 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 yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$21,653

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$2,871

Loan principal$454,246

Down payment$113,561

Total interest paid$579,365

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 ratio2.12

Monthly cost to own$3,827

Monthly rent$1,804

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: 47th percentile^[1]
Rental yield: 34th percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97008?: The typical home in 97008 is worth $567,807, based on the Zillow Home Value Index.
Are home values rising in 97008?: Home values in 97008 are down 1.6% over the past year, and up 2.8% a year over five years.
What is the typical rent in 97008?: A typical home in 97008 rents for about $1,804 a month, a gross rental yield of 3.8%.
What is the property tax rate in 97008?: The effective property tax rate in 97008 is 1.0% — roughly $5,774 a year on a typical home.
Who lives in 97008?: ZIP code 97008 has a population of 28,611 and a median household income of $96,116.

#Comparable ZIPs

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

97227 vs 97008 →
Portland, OR
Typical home
$568,776
Gross yield
3.3%
98683 vs 97008 →
Vancouver, WA
Typical home
$564,366
Gross yield
3.7%
97133
North Plains, OR
Typical home
$573,333
Gross yield
—
97211
Portland, OR
Typical home
$575,873
Gross yield
4.7%
97213
Portland, OR
Typical home
$559,030
Gross yield
3.5%
97115
Dundee, OR
Typical home
$578,473
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97008

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