HousingHandbookReference data

U.S. ZIP Code · OR97031

Hood River County

Typical home value

$715,592[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+3.8%
10-year / yr
+6.6%

Relative price

vs U.S.
+151.9%
vs metro
vs state
+55.6%
ZIP 97031 location in OR
Location of ZIP 97031 in OR

Price history

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

The typical home in 97031 is worth $715,592. Over the past year, values have fallen 0.0%. Homes here rent for a typical $3,028 a month — a 5.1% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
$3,028[2]
Gross yield
5.1%[2]
Cap rate
3.0%[2]

#Property tax

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

Effective tax rate
0.5%[3]
Typical annual tax
$3,808[3]

#Climate risk

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

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

#Who lives here

Population
19,138[3]
Median household income
$91,858[3]

#Migration

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

Net migration
-99[5]
Moved in
726
Moved out
825

Schools

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

Public schools
6
Elementary
3
Middle
2
High
1
  • Hood River Valley High School

    High · Grades 9–12 · Hood River County SD

    1,160 students

  • May Street Elementary School

    Elementary · Grades K–5 · Hood River County SD

    468 students

  • Hood River Middle School

    Middle · Grades 6–8 · Hood River County SD

    455 students

  • WyEast Middle School

    Middle · Grades 6–8 · Hood River County SD

    408 students

  • Westside Elementary School

    Elementary · Grades K–5 · Hood River County SD

    380 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 yield5.1%
Net yield (after ~40% expenses)3.0%
Annual rent$36,330

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$3,618
Loan principal$572,473
Down payment$143,118
Total interest paid$730,158

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 ratio1.50
Monthly cost to own$4,531
Monthly rent$3,028

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 97031?
The typical home in 97031 is worth $715,592, based on the Zillow Home Value Index.
Are home values rising in 97031?
Home values in 97031 are down 0.0% over the past year, and up 3.8% a year over five years.
What is the typical rent in 97031?
A typical home in 97031 rents for about $3,028 a month, a gross rental yield of 5.1%.
What is the property tax rate in 97031?
The effective property tax rate in 97031 is 0.5% — roughly $3,808 a year on a typical home.
Who lives in 97031?
ZIP code 97031 has a population of 19,138 and a median household income of $91,858.

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