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Tigard city, OR

ZIP 97224 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97224

Median Home Value
$579,400
Median Rent
$1,596
Affordability Snapshot
$160,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,722/mo PITI).

20%
Rent-to-Income Ratio

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

6.1x
Home Price-to-Income Ratio

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

30.3 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 97224 in Tigard city, OR, a household would need roughly $160,000 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 $3,722. That is about 69% above the local median household income ($94,456), 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
69.0%+5% vs US avg
x
Vacancy Rate
3.7%-64% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
29.3%-41% vs US avg
x
Mortgage-Free
33.4%-12% vs US avg
x
$579,400
Home Value
$1,596
Rent
1988
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached58.7%
  • 1-unit attached5.7%
  • 2-9 units15.2%
  • 10+ units16.3%
  • Mobile home & other4.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$579,400
Median rent$1,596
Owner-occupied69.0%
Vacant3.7%
Price-to-income6.1x
Est. income to buy$160,000