US5.com
  1. Home
  2. States
  3. Oregon
  4. ZIP 97223
  5. Housing & Real Estate
Tigard city, OR

ZIP 97223 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97223

Median Home Value
$577,600
Median Rent
$1,573
Affordability Snapshot
$159,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,710/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97223 in Tigard city, OR, a household would need roughly $159,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,710. That is about 47% above the local median household income ($108,040), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.9%-7% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
1.5%-79% vs US avg
x
Rent Burden >30%
26.4%-47% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$577,600
Home Value
$1,573
Rent
1985
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached59.8%
  • 1-unit attached7.7%
  • 2-9 units16.1%
  • 10+ units16.1%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$577,600
Median rent$1,573
Owner-occupied60.9%
Vacant2.8%
Price-to-income5.3x
Est. income to buy$159,000