How much is a home worth in ZIP code 97229?

The typical home in 97229 is worth $744,606, based on the Zillow Home Value Index.

Are home values rising in 97229?

Home values in 97229 are down 4.0% over the past year, and up 2.8% a year over five years.

What is the typical rent in 97229?

A typical home in 97229 rents for about $2,051 a month, a gross rental yield of 3.3%.

What is the property tax rate in 97229?

The effective property tax rate in 97229 is 0.9% — roughly $6,842 a year on a typical home.

ZIP code 97229 has a population of 76,106 and a median household income of $161,570.

HousingHandbookReference data

…

U.S. ZIP Code · OR97229

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

Typical home value

$744,606^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.0%
5-year / yr: +2.8%
10-year / yr: +3.8%

Relative price

vs U.S.: +162.1%
vs metro: +35.8%
vs state: +61.9%

Price history

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

The typical home in 97229 is worth $744,606 — 35.8% above the Portland-Vancouver-Hillsboro, OR-WA median. Over the past year, values have fallen 4.0%. Homes here rent for a typical $2,051 a month — a 3.3% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $2,051^[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: 0.9%^[3]
Typical annual tax: $6,842^[3]

#Climate risk

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

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

#Who lives here

Population: 76,106^[3]
Median household income: $161,570^[3]

#Migration

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

Net migration: -1,540^[5]
Moved in: 18,900
Moved out: 20,440

Schools

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

Public schools: 14
Elementary: 10
Middle: 2
High: 2

Westview High School
High · Grades 9–12 · Beaverton SD 48J
2,413 students
Sunset High School
High · Grades 9–12 · Beaverton SD 48J
1,879 students
Stoller Middle School
Middle · Grades 6–8 · Beaverton SD 48J
1,032 students
Tumwater Middle School
Middle · Grades 6–8 · Beaverton SD 48J
976 students
Sato Elementary School
Elementary · Grades K–5 · Beaverton SD 48J
850 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$24,608

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$3,765

Loan principal$595,685

Down payment$148,921

Total interest paid$759,763

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 ratio2.42

Monthly cost to own$4,957

Monthly rent$2,051

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: 46th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 74th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for most populous in ORView list →

Frequently asked

How much is a home worth in ZIP code 97229?: The typical home in 97229 is worth $744,606, based on the Zillow Home Value Index.
Are home values rising in 97229?: Home values in 97229 are down 4.0% over the past year, and up 2.8% a year over five years.
What is the typical rent in 97229?: A typical home in 97229 rents for about $2,051 a month, a gross rental yield of 3.3%.
What is the property tax rate in 97229?: The effective property tax rate in 97229 is 0.9% — roughly $6,842 a year on a typical home.
Who lives in 97229?: ZIP code 97229 has a population of 76,106 and a median household income of $161,570.

#Comparable ZIPs

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

97225 vs 97229 →
Beaverton, OR
Typical home
$745,226
Gross yield
2.7%
97035 vs 97229 →
Lake Oswego, OR
Typical home
$752,404
Gross yield
3.2%
98607
Camas, WA
Typical home
$755,982
Gross yield
3.5%
97004
Beavercreek CDP, OR
Typical home
$763,250
Gross yield
—
97009
Boring CDP, OR
Typical home
$720,153
Gross yield
—
97221
Portland, OR
Typical home
$773,772
Gross yield
3.0%

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Pit ZIP 97229 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97229

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