The story of this market
The typical home in ZIP 97024 sells for about $481,000, or $345 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,625 a month.
ZIP 97024 — Fairview
The Fairview housing market is currently experiencing a period of price stabilization following recent volatility. While inventory remains tight, buyer demand is tempered by interest rate sensitivity, leading to a competitive but balanced environment for entry-level homes.
This ZIP is well-suited for commuters and families seeking a balance between suburban affordability and access to the Portland metro area. It attracts value-conscious buyers who prioritize proximity to regional parks and major transit corridors.
Median prices moved down 4.0% year over year.
Homes spend a median of 32 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 20.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97024, Multnomah County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Fairview are generally consistent with regional trends in the Portland metropolitan area, with property crime being the primary concern. Local law enforcement maintains standard community policing efforts to address safety in residential and commercial zones.
Schools serving the area are primarily part of the Reynolds School District, which provides a diverse educational environment. Performance ratings vary by individual campus, with ongoing district-wide initiatives focused on student achievement and resource allocation.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding near the Columbia River and Fairview Lake. Property insurance remains available but is subject to standard regional adjustments for environmental risk factors.
Economic momentum is driven by proximity to the Portland-Gresham industrial corridor and ongoing residential infill projects. Major employment sectors include logistics, manufacturing, and retail, supported by regional infrastructure improvements along the Sandy Boulevard corridor.
Property taxes are assessed by Multnomah County based on real market value, with rates determined by local taxing districts including schools, fire, and municipal services. Oregon does not impose a general sales tax, which influences the reliance on property tax revenue for local government funding.
Residents primarily commute via I-84 or US-26 toward Portland or Gresham employment hubs. Public transit access is provided by TriMet bus lines connecting to the MAX Light Rail system.
The area features significant outdoor amenities including Blue Lake Regional Park and the Fairview Lake waterfront. Local shopping and dining are concentrated along the NE Sandy Boulevard corridor.
The rental market is characterized by moderate vacancy pressure and steady demand from commuters. Investor activity is present, particularly in multi-family and manufactured home communities, though short-term rental regulations are strictly enforced by the city.
The local economy is anchored by logistics and manufacturing firms located in the nearby industrial zones of Gresham and East Portland. The area benefits from its strategic location between major regional employment centers.
The area is served by I-84 and major arterial roads, providing direct access to Portland. TriMet bus services provide connectivity to the regional light rail network.
Development is focused on residential infill and commercial revitalization along the Sandy Boulevard corridor. Several mixed-use projects are in the planning stages to increase density near transit stops.
Multnomah County Assessment and Taxation manages property valuations, applying state-mandated assessment caps to residential parcels.
Parcels are subject to levies from the Reynolds School District, Multnomah County, and various special service districts including fire and water utilities.
Property insurance premiums are influenced by regional wildfire risk assessments and flood zone designations near the Columbia River.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hopscotch Portland4.810.5 mi
- Oaks Amusement Park4.411.8 mi
- Sky Zone Trampoline Park3.817.6 mi
- Dave & Buster's Happy Valley - Clackamas3.910.3 mi
- The People's Courts4.76.4 mi
- Moda Center4.510.8 mi
- Providence Park4.612.1 mi
- Oregon Convention Center4.510.6 mi
- Revolution Hall4.610.2 mi
- Portland Art Museum4.611.8 mi
- Powell's City of Books4.911.6 mi
- Portland Japanese Garden4.612.9 mi
- The Grotto4.76.2 mi
- Providence Park4.612.1 mi
- Vista House at Crown Point4.89.8 mi
- Portland Japanese Garden4.612.9 mi
- OMSI4.511.1 mi
- The Grotto4.76.2 mi
- Vista House at Crown Point4.89.8 mi
- Hopscotch Portland4.810.5 mi
- Portland Japanese Garden4.612.9 mi
- The Grotto4.76.2 mi
- International Rose Test Garden4.812.8 mi
- Laurelhurst Park4.79 mi
- Mt. Tabor Park4.87.8 mi
- Portland Yacht Club4.710.5 mi
- Riverplace Marina4.611.4 mi
- Fred's Marina4.417.9 mi
- Tomahawk Bay Marina4.310.9 mi
- Felida Moorage RR 664.317 mi
- Heron Lakes Golf Course4.113 mi
- Glendoveer Golf & Tennis4.44 mi
- Eastmoreland Golf Course4.310.8 mi
- Rose City Golf Course4.17 mi
- Colwood Golf Center4.46.9 mi
- Clackamas Town Center4.310.2 mi
- Vancouver Mall4.29.8 mi
- Fred Meyer49.2 mi
- Pioneer Place4.211.4 mi
- Fred Meyer3.811.4 mi
- Portland International Airport4.57.4 mi
- Providence Saint Vincent Hospital Heliport4.616.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park featuring lake access, picnic areas, and trails.
Provides recreational opportunities and scenic views for local residents.
Local retail and dining hub serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.