How much is a home worth in ZIP code 97212?

The typical home in 97212 is worth $804,026, based on the Zillow Home Value Index.

Are home values rising in 97212?

Home values in 97212 are up 2.8% over the past year, and up 1.2% a year over five years.

What is the typical rent in 97212?

A typical home in 97212 rents for about $2,235 a month, a gross rental yield of 3.3%.

What is the property tax rate in 97212?

The effective property tax rate in 97212 is 1.0% — roughly $7,815 a year on a typical home.

ZIP code 97212 has a population of 28,042 and a median household income of $131,932.

HousingHandbookReference data

…

U.S. ZIP Code · OR97212

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

Typical home value

$804,026^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.8%
5-year / yr: +1.2%
10-year / yr: +2.4%

Relative price

vs U.S.: +183.0%
vs metro: +46.7%
vs state: +74.8%

Price history

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

The typical home in 97212 is worth $804,026 — 46.7% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have risen 2.8%. Homes here rent for a typical $2,235 a month — a 3.3% 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: $2,235^[2]
Gross yield: 3.3%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $7,815^[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: 28,042^[3]
Median household income: $131,932^[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

Grant High School
High · Grades 9–12 · Portland SD 1J
2,179 students
Beverly Cleary School
Elementary · Grades K–8 · Portland SD 1J
558 students
Alameda Elementary School
Elementary · Grades K–5 · Portland SD 1J
521 students
Rose City Park
Elementary · Grades K–5 · Portland SD 1J
464 students
Beaumont Middle School
Middle · Grades 6–8 · Portland SD 1J
434 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 yield3.3%

Net yield (after ~40% expenses)2.0%

Annual rent$26,819

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$4,066

Loan principal$643,221

Down payment$160,805

Total interest paid$820,393

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 ratio2.41

Monthly cost to own$5,386

Monthly rent$2,235

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: 18th percentile^[1]
Rental yield: 18th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97212?: The typical home in 97212 is worth $804,026, based on the Zillow Home Value Index.
Are home values rising in 97212?: Home values in 97212 are up 2.8% over the past year, and up 1.2% a year over five years.
What is the typical rent in 97212?: A typical home in 97212 rents for about $2,235 a month, a gross rental yield of 3.3%.
What is the property tax rate in 97212?: The effective property tax rate in 97212 is 1.0% — roughly $7,815 a year on a typical home.
Who lives in 97212?: ZIP code 97212 has a population of 28,042 and a median household income of $131,932.

#Comparable ZIPs

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

98651 vs 97212 →
WA
Typical home
$829,171
Gross yield
—
97068 vs 97212 →
West Linn, OR
Typical home
$777,547
Gross yield
3.6%
97221
Portland, OR
Typical home
$773,772
Gross yield
3.0%
98606
Hockinson CDP, WA
Typical home
$843,927
Gross yield
—
97004
Beavercreek CDP, OR
Typical home
$763,250
Gross yield
—
98607
Camas, WA
Typical home
$755,982
Gross yield
3.5%

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Pit ZIP 97212 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97212

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