How much is a home worth in ZIP code 97128?

The typical home in 97128 is worth $489,071, based on the Zillow Home Value Index.

Are home values rising in 97128?

Home values in 97128 are down 1.1% over the past year, and up 2.6% a year over five years.

What is the typical rent in 97128?

A typical home in 97128 rents for about $1,964 a month, a gross rental yield of 4.8%.

What is the property tax rate in 97128?

The effective property tax rate in 97128 is 0.7% — roughly $3,599 a year on a typical home.

ZIP code 97128 has a population of 38,664 and a median household income of $75,896.

HousingHandbookReference data

…

U.S. ZIP Code · OR97128

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

Typical home value

$489,071^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.1%
5-year / yr: +2.6%
10-year / yr: +6.1%

Relative price

vs U.S.: +72.2%
vs metro: -10.8%
vs state: +6.3%

Price history

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

The typical home in 97128 is worth $489,071 — 10.8% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $1,964 a month — a 4.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,964^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,599^[3]

#Climate risk

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

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: No Rating
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 38,664^[3]
Median household income: $75,896^[3]

#Migration

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

Net migration: +148^[5]
Moved in: 3,202
Moved out: 3,054

Schools

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

Public schools: 8
Elementary: 5
Middle: 2
High: 1

McMinnville High School
High · Grades 9–12 · McMinnville SD 40
2,319 students
Duniway Middle School
Middle · Grades 6–8 · McMinnville SD 40
778 students
Patton Middle School
Middle · Grades 6–8 · McMinnville SD 40
668 students
Memorial Elementary School
Elementary · Grades K–5 · McMinnville SD 40
530 students
Willamette Elementary School
Elementary · Grades K–5 · McMinnville SD 40
446 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$23,571

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$2,473

Loan principal$391,257

Down payment$97,814

Total interest paid$499,027

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 ratio1.62

Monthly cost to own$3,182

Monthly rent$1,964

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: 42nd percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 37th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97128?: The typical home in 97128 is worth $489,071, based on the Zillow Home Value Index.
Are home values rising in 97128?: Home values in 97128 are down 1.1% over the past year, and up 2.6% a year over five years.
What is the typical rent in 97128?: A typical home in 97128 rents for about $1,964 a month, a gross rental yield of 4.8%.
What is the property tax rate in 97128?: The effective property tax rate in 97128 is 0.7% — roughly $3,599 a year on a typical home.
Who lives in 97128?: ZIP code 97128 has a population of 38,664 and a median household income of $75,896.

#Comparable ZIPs

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

97113 vs 97128 →
Cornelius, OR
Typical home
$489,507
Gross yield
—
97003 vs 97128 →
Aloha CDP, OR
Typical home
$488,384
Gross yield
4.8%
97005
Beaverton, OR
Typical home
$490,658
Gross yield
4.3%
97060
Troutdale, OR
Typical home
$487,162
Gross yield
4.1%
98684
Vancouver, WA
Typical home
$492,629
Gross yield
4.8%
97018
Columbia City, OR
Typical home
$485,344
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97128

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