How much is a home worth in ZIP code 97203?

The typical home in 97203 is worth $458,349, based on the Zillow Home Value Index.

Are home values rising in 97203?

Home values in 97203 are down 1.4% over the past year, and up 0.3% a year over five years.

What is the typical rent in 97203?

A typical home in 97203 rents for about $1,803 a month, a gross rental yield of 4.7%.

What is the property tax rate in 97203?

The effective property tax rate in 97203 is 0.8% — roughly $3,833 a year on a typical home.

ZIP code 97203 has a population of 33,116 and a median household income of $78,660.

HousingHandbookReference data

…

U.S. ZIP Code · OR97203

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

Typical home value

$458,349^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +0.3%
10-year / yr: +3.4%

Relative price

vs U.S.: +61.4%
vs metro: -16.4%
vs state: ≈ state median

Price history

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

The typical home in 97203 is worth $458,349 — 16.4% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,803 a month — a 4.7% 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: $1,803^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,833^[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: 33,116^[3]
Median household income: $78,660^[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: 7
Elementary: 5
Middle: 1
High: 1

Roosevelt High School
High · Grades 9–12 · Portland SD 1J
1,454 students
Cesar Chavez K-8 School
Elementary · Grades K–8 · Portland SD 1J
481 students
Astor Elementary School
Elementary · Grades K–8 · Portland SD 1J
375 students
George Middle School
Middle · Grades 6–8 · Portland SD 1J
364 students
James John Elementary School
Elementary · Grades K–5 · Portland SD 1J
349 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$21,641

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$2,318

Loan principal$366,680

Down payment$91,670

Total interest paid$467,680

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 ratio1.67

Monthly cost to own$3,020

Monthly rent$1,803

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: 9th percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97203?: The typical home in 97203 is worth $458,349, based on the Zillow Home Value Index.
Are home values rising in 97203?: Home values in 97203 are down 1.4% over the past year, and up 0.3% a year over five years.
What is the typical rent in 97203?: A typical home in 97203 rents for about $1,803 a month, a gross rental yield of 4.7%.
What is the property tax rate in 97203?: The effective property tax rate in 97203 is 0.8% — roughly $3,833 a year on a typical home.
Who lives in 97203?: ZIP code 97203 has a population of 33,116 and a median household income of $78,660.

#Comparable ZIPs

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

97347 vs 97203 →
Grand Ronde CDP, OR
Typical home
$459,089
Gross yield
—
98661 vs 97203 →
Vancouver, WA
Typical home
$459,116
Gross yield
4.3%
97230
Portland, OR
Typical home
$460,806
Gross yield
4.0%
97067
Mount Hood Villages CDP, OR
Typical home
$455,481
Gross yield
—
98610
Carson CDP, WA
Typical home
$454,500
Gross yield
—
97127
Lafayette, OR
Typical home
$463,911
Gross yield
—

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

Compare ZIPs

Pit ZIP 97203 against any other ZIP — full side-by-side table.

Compare 97203 →

#Jump to section

U.S. ZIP Code · OR97203

Get more data on ZIPs like this

Get more data on ZIPs like this