How much is a home worth in ZIP code 97015?

The typical home in 97015 is worth $591,507, based on the Zillow Home Value Index.

Are home values rising in 97015?

Home values in 97015 are down 1.1% over the past year, and up 3.4% a year over five years.

What is the typical rent in 97015?

A typical home in 97015 rents for about $1,822 a month, a gross rental yield of 3.7%.

What is the property tax rate in 97015?

The effective property tax rate in 97015 is 0.9% — roughly $5,599 a year on a typical home.

ZIP code 97015 has a population of 24,433 and a median household income of $87,333.

HousingHandbookReference data

…

U.S. ZIP Code · OR97015

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

Typical home value

$591,507^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.1%
5-year / yr: +3.4%
10-year / yr: +5.4%

Relative price

vs U.S.: +108.2%
vs metro: +7.9%
vs state: +28.6%

Price history

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

The typical home in 97015 is worth $591,507 — 7.9% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $1,822 a month — a 3.7% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,822^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $5,599^[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: 24,433^[3]
Median household income: $87,333^[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: 8
Elementary: 4
Middle: 1
High: 2

Adrienne C. Nelson High School
High · Grades 9–12 · North Clackamas SD 12
1,430 students
Clackamas High School
High · Grades 9–12 · North Clackamas SD 12
1,278 students
Rock Creek Middle School
Middle · Grades 6–8 · North Clackamas SD 12
861 students
Clackamas Web Academy
Other · Grades K–12 · North Clackamas SD 12
533 students
Oregon Trail Elementary School
Elementary · Grades K–5 · North Clackamas SD 12
477 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$21,864

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$2,991

Loan principal$473,205

Down payment$118,301

Total interest paid$603,547

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 ratio2.17

Monthly cost to own$3,952

Monthly rent$1,822

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: 67th percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 79th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97015?: The typical home in 97015 is worth $591,507, based on the Zillow Home Value Index.
Are home values rising in 97015?: Home values in 97015 are down 1.1% over the past year, and up 3.4% a year over five years.
What is the typical rent in 97015?: A typical home in 97015 rents for about $1,822 a month, a gross rental yield of 3.7%.
What is the property tax rate in 97015?: The effective property tax rate in 97015 is 0.9% — roughly $5,599 a year on a typical home.
Who lives in 97015?: ZIP code 97015 has a population of 24,433 and a median household income of $87,333.

#Comparable ZIPs

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

97223 vs 97015 →
Tigard, OR
Typical home
$593,941
Gross yield
3.9%
98686 vs 97015 →
Mount Vista CDP, WA
Typical home
$595,079
Gross yield
4.5%
98685
Salmon Creek CDP, WA
Typical home
$596,695
Gross yield
4.9%
97013
Canby, OR
Typical home
$596,902
Gross yield
4.1%
97007
Beaverton, OR
Typical home
$600,598
Gross yield
4.0%
97101
Amity, OR
Typical home
$579,286
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97015

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