How much is a home worth in ZIP code 97024?

The typical home in 97024 is worth $480,115, based on the Zillow Home Value Index.

Are home values rising in 97024?

Home values in 97024 are down 1.4% over the past year, and up 2.6% a year over five years.

What is the typical rent in 97024?

A typical home in 97024 rents for about $1,705 a month, a gross rental yield of 4.3%.

What is the property tax rate in 97024?

The effective property tax rate in 97024 is 0.9% — roughly $4,409 a year on a typical home.

ZIP code 97024 has a population of 12,007 and a median household income of $69,679.

HousingHandbookReference data

…

U.S. ZIP Code · OR97024

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

Typical home value

$480,115^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +2.6%
10-year / yr: +5.3%

Relative price

vs U.S.: +69.0%
vs metro: -12.4%
vs state: +4.4%

Price history

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

The typical home in 97024 is worth $480,115 — 12.4% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,705 a month — a 4.3% 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: $1,705^[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: 0.9%^[3]
Typical annual tax: $4,409^[3]

#Climate risk

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

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

#Who lives here

Population: 12,007^[3]
Median household income: $69,679^[3]

#Migration

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

Net migration: -1,001^[5]
Moved in: 29,712
Moved out: 30,713

Schools

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

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Reynolds Middle School
Middle · Grades 6–8 · Reynolds SD 7
755 students
Multnomah Learning Academy
Elementary · Grades K–8 · Reynolds SD 7
554 students
Woodland Elementary
Elementary · Grades K–5 · Reynolds SD 7
402 students
Salish Ponds Elementary School
Elementary · Grades K–5 · Reynolds SD 7
327 students
Fairview Elementary School
Elementary · Grades K–5 · Reynolds SD 7
298 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$20,460

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$2,428

Loan principal$384,092

Down payment$96,023

Total interest paid$489,888

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 ratio1.87

Monthly cost to own$3,196

Monthly rent$1,705

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: 38th percentile^[1]
Rental yield: 59th percentile^[2]
Property tax: 72nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97024?: The typical home in 97024 is worth $480,115, based on the Zillow Home Value Index.
Are home values rising in 97024?: Home values in 97024 are down 1.4% over the past year, and up 2.6% a year over five years.
What is the typical rent in 97024?: A typical home in 97024 rents for about $1,705 a month, a gross rental yield of 4.3%.
What is the property tax rate in 97024?: The effective property tax rate in 97024 is 0.9% — roughly $4,409 a year on a typical home.
Who lives in 97024?: ZIP code 97024 has a population of 12,007 and a median household income of $69,679.

#Comparable ZIPs

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

98639 vs 97024 →
North Bonneville, WA
Typical home
$480,381
Gross yield
—
98664 vs 97024 →
Vancouver, WA
Typical home
$478,824
Gross yield
4.1%
98663
Vancouver, WA
Typical home
$477,996
Gross yield
4.8%
97218
Portland, OR
Typical home
$482,394
Gross yield
4.4%
98662
Five Corners CDP, WA
Typical home
$484,713
Gross yield
4.2%
97018
Columbia City, OR
Typical home
$485,344
Gross yield
—

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Pit ZIP 97024 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97024

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