How much is a home worth in ZIP code 97035?

The typical home in 97035 is worth $752,404, based on the Zillow Home Value Index.

Are home values rising in 97035?

Home values in 97035 are down 0.7% over the past year, and up 3.8% a year over five years.

What is the typical rent in 97035?

A typical home in 97035 rents for about $2,009 a month, a gross rental yield of 3.2%.

What is the property tax rate in 97035?

The effective property tax rate in 97035 is 0.8% — roughly $6,243 a year on a typical home.

ZIP code 97035 has a population of 25,911 and a median household income of $130,603.

HousingHandbookReference data

…

U.S. ZIP Code · OR97035

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

Typical home value

$752,404^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: +3.8%
10-year / yr: +5.2%

Relative price

vs U.S.: +164.9%
vs metro: +37.2%
vs state: +63.6%

Price history

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

The typical home in 97035 is worth $752,404 — 37.2% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $2,009 a month — a 3.2% 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: $2,009^[2]
Gross yield: 3.2%^[2]
Cap rate: 1.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $6,243^[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: 25,911^[3]
Median household income: $130,603^[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: 4
Elementary: 3
Middle: 1
High: 0

Lakeridge Middle School
Middle · Grades 6–8 · Lake Oswego SD 7J
827 students
Lake Grove Elementary School
Elementary · Grades K–5 · Lake Oswego SD 7J
435 students
Oak Creek Elementary School
Elementary · Grades K–5 · Lake Oswego SD 7J
406 students
River Grove Elementary School
Elementary · Grades K–5 · Lake Oswego SD 7J
342 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 yield3.2%

Net yield (after ~40% expenses)1.9%

Annual rent$24,105

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$3,805

Loan principal$601,923

Down payment$150,481

Total interest paid$767,720

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 ratio2.47

Monthly cost to own$4,952

Monthly rent$2,009

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: 81st percentile^[1]
Rental yield: 12th percentile^[2]
Property tax: 60th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97035?: The typical home in 97035 is worth $752,404, based on the Zillow Home Value Index.
Are home values rising in 97035?: Home values in 97035 are down 0.7% over the past year, and up 3.8% a year over five years.
What is the typical rent in 97035?: A typical home in 97035 rents for about $2,009 a month, a gross rental yield of 3.2%.
What is the property tax rate in 97035?: The effective property tax rate in 97035 is 0.8% — roughly $6,243 a year on a typical home.
Who lives in 97035?: ZIP code 97035 has a population of 25,911 and a median household income of $130,603.

#Comparable ZIPs

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

98607 vs 97035 →
Camas, WA
Typical home
$755,982
Gross yield
3.5%
97225 vs 97035 →
Beaverton, OR
Typical home
$745,226
Gross yield
2.7%
97229
Bethany CDP, OR
Typical home
$744,606
Gross yield
3.3%
97004
Beavercreek CDP, OR
Typical home
$763,250
Gross yield
—
97221
Portland, OR
Typical home
$773,772
Gross yield
3.0%
97068
West Linn, OR
Typical home
$777,547
Gross yield
3.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 97035 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97035

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