How much is a home worth in ZIP code 97132?

The typical home in 97132 is worth $535,933, based on the Zillow Home Value Index.

Are home values rising in 97132?

Home values in 97132 are down 1.2% over the past year, and up 2.6% a year over five years.

What is the typical rent in 97132?

A typical home in 97132 rents for about $2,219 a month, a gross rental yield of 5.0%.

What is the property tax rate in 97132?

The effective property tax rate in 97132 is 0.7% — roughly $3,611 a year on a typical home.

ZIP code 97132 has a population of 32,486 and a median household income of $96,493.

HousingHandbookReference data

…

U.S. ZIP Code · OR97132

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

Typical home value

$535,933^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.2%
5-year / yr: +2.6%
10-year / yr: +5.4%

Relative price

vs U.S.: +88.7%
vs metro: -2.2%
vs state: +16.5%

Price history

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

The typical home in 97132 is worth $535,933 — 2.2% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.2%. Homes here rent for a typical $2,219 a month — a 5.0% 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: $2,219^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,611^[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: 32,486^[3]
Median household income: $96,493^[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

Newberg Senior High School
High · Grades 9–12 · Newberg SD 29J
1,221 students
Mountain View Middle School
Middle · Grades 6–8 · Newberg SD 29J
498 students
Edwards Elementary School
Elementary · Grades K–5 · Newberg SD 29J
457 students
Chehalem Valley Middle School
Middle · Grades 6–8 · Newberg SD 29J
426 students
Mabel Rush Elementary School
Elementary · Grades K–5 · Newberg SD 29J
386 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 yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$26,625

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$2,710

Loan principal$428,746

Down payment$107,187

Total interest paid$546,842

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 ratio1.56

Monthly cost to own$3,456

Monthly rent$2,219

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: 39th percentile^[1]
Rental yield: 95th percentile^[2]
Property tax: 25th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97132?: The typical home in 97132 is worth $535,933, based on the Zillow Home Value Index.
Are home values rising in 97132?: Home values in 97132 are down 1.2% over the past year, and up 2.6% a year over five years.
What is the typical rent in 97132?: A typical home in 97132 rents for about $2,219 a month, a gross rental yield of 5.0%.
What is the property tax rate in 97132?: The effective property tax rate in 97132 is 0.7% — roughly $3,611 a year on a typical home.
Who lives in 97132?: ZIP code 97132 has a population of 32,486 and a median household income of $96,493.

#Comparable ZIPs

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

97054 vs 97132 →
Deer Island CDP, OR
Typical home
$535,130
Gross yield
—
97114 vs 97132 →
Dayton, OR
Typical home
$531,791
Gross yield
—
97124
Hillsboro, OR
Typical home
$542,011
Gross yield
4.1%
97116
Forest Grove, OR
Typical home
$528,956
Gross yield
3.8%
97123
Hillsboro, OR
Typical home
$527,100
Gross yield
5.0%
97267
Oak Grove CDP, OR
Typical home
$545,371
Gross yield
3.8%

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Pit ZIP 97132 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97132

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