How much is a home worth in ZIP code 97206?

The typical home in 97206 is worth $472,818, based on the Zillow Home Value Index.

Are home values rising in 97206?

Home values in 97206 are down 0.8% over the past year, and up 0.5% a year over five years.

What is the typical rent in 97206?

A typical home in 97206 rents for about $1,794 a month, a gross rental yield of 4.6%.

What is the property tax rate in 97206?

The effective property tax rate in 97206 is 1.0% — roughly $4,595 a year on a typical home.

ZIP code 97206 has a population of 49,890 and a median household income of $98,548.

HousingHandbookReference data

…

U.S. ZIP Code · OR97206

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

Typical home value

$472,818^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.8%
5-year / yr: +0.5%
10-year / yr: +3.3%

Relative price

vs U.S.: +66.4%
vs metro: -13.8%
vs state: +2.8%

Price history

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

The typical home in 97206 is worth $472,818 — 13.8% below the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 0.8%. Homes here rent for a typical $1,794 a month — a 4.6% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,794^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $4,595^[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: 49,890^[3]
Median household income: $98,548^[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: 11
Elementary: 8
Middle: 2
High: 1

Franklin High School
High · Grades 9–12 · Portland SD 1J
1,811 students
Kellogg Middle School
Middle · Grades 6–8 · Portland SD 1J
677 students
Woodstock Elementary School
Elementary · Grades K–5 · Portland SD 1J
451 students
Lane Middle School
Middle · Grades 6–8 · Portland SD 1J
391 students
Atkinson Elementary School
Elementary · Grades K–5 · Portland SD 1J
366 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 yield4.6%

Net yield (after ~40% expenses)2.7%

Annual rent$21,524

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$2,391

Loan principal$378,254

Down payment$94,564

Total interest paid$482,443

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 ratio1.77

Monthly cost to own$3,167

Monthly rent$1,794

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: 10th percentile^[1]
Rental yield: 78th percentile^[2]
Property tax: 82nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in ORView list →

Frequently asked

How much is a home worth in ZIP code 97206?: The typical home in 97206 is worth $472,818, based on the Zillow Home Value Index.
Are home values rising in 97206?: Home values in 97206 are down 0.8% over the past year, and up 0.5% a year over five years.
What is the typical rent in 97206?: A typical home in 97206 rents for about $1,794 a month, a gross rental yield of 4.6%.
What is the property tax rate in 97206?: The effective property tax rate in 97206 is 1.0% — roughly $4,595 a year on a typical home.
Who lives in 97206?: ZIP code 97206 has a population of 49,890 and a median household income of $98,548.

#Comparable ZIPs

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

98660 vs 97206 →
Vancouver, WA
Typical home
$471,705
Gross yield
4.9%
98663 vs 97206 →
Vancouver, WA
Typical home
$477,996
Gross yield
4.8%
98664
Vancouver, WA
Typical home
$478,824
Gross yield
4.1%
97024
Fairview, OR
Typical home
$480,115
Gross yield
4.3%
98639
North Bonneville, WA
Typical home
$480,381
Gross yield
—
97127
Lafayette, OR
Typical home
$463,911
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97206

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