The story of this market
The typical home in ZIP 97106 sells for about $725,000, or $224 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,719 a month.
ZIP 97106 — Banks
The 97106 housing market remains stable with low inventory and steady demand from commuters seeking rural living. Prices have seen modest year-over-year growth, supported by limited supply and the area's appeal as a bedroom community for the Portland metro region.
This ZIP is best suited for families and commuters seeking a quiet, rural lifestyle within reach of the Portland metro area, as well as investors looking for stable, long-term rental demand.
Median prices moved up 2.5% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
12% 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 5.3% · poverty 7.4% — 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 9.7%/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 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97106, Washington 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.
Banks generally experiences low crime rates consistent with rural Washington County, with property crime being the primary concern compared to more urbanized areas of the Portland metro.
Schools serving the area are part of the Banks School District, which is generally regarded for its small-town community focus and stable academic performance.
The area faces moderate wildfire risk typical of the Oregon Coast Range foothills and standard flood-plain management requirements for low-lying areas near the Nehalem River.
Economic momentum is driven by its role as a bedroom community for the Portland metro area, with limited local commercial development and a focus on preserving agricultural land.
Property taxes are assessed by Washington County based on real market value, with additional levies for local school districts and emergency services; no state income tax applies to property.
Commuting to the Portland employment core typically involves a 45-60 minute drive via Highway 6 and Highway 26, with limited public transit options available.
The area offers significant outdoor access including Sunset Park, nearby L.L. Stub Stewart State Park for hiking and mountain biking, and proximity to rural golf courses.
The rental market is tight with low vacancy rates, primarily driven by demand from commuters and limited multi-family housing stock in the rural setting.
The local economy is primarily agricultural and service-oriented, with most residents commuting to major employers in the Silicon Forest/Hillsboro area.
Transportation is heavily reliant on private vehicles, with Highway 6 serving as the primary arterial route connecting the area to the Portland metro region.
Development is strictly managed by urban growth boundaries, limiting large-scale projects and focusing on small-lot residential infill.
Washington County Assessment and Taxation manages property valuations, adhering to Oregon's constitutional limits on assessed value growth.
Parcels are subject to Banks School District, Washington County rural fire protection districts, and local water/sewer utility districts.
Property insurance premiums are rising due to regional wildfire risk, though the area remains insurable with standard coverage.
Oregon continues to see net positive domestic migration, though growth in rural Washington County has moderated compared to the previous decade.
Oregon is a non-judicial foreclosure state, providing a structured process for lenders while offering specific notice and cure periods for homeowners.
Oregon law requires sellers to provide a comprehensive property disclosure statement covering material defects, though 'as-is' sales are permitted.
Data retrieved from data.census.gov 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.
- K1 Speed Portland4.312.4 mi
- Wunderland4.216.1 mi
- Plumper Farms4.213.1 mi
- Tree to Tree Adventure Park4.912.1 mi
- Play Street Museum - Beaverton4.715.7 mi
- Topgolf Hillsboro4.512.4 mi
- Topaz Farm4.414.8 mi
- Hillsboro Ballpark4.613.2 mi
- McMenamins Cornelius Pass Roadhouse4.213.7 mi
- Bella Organic Farm416.3 mi
- Next Level Pinball Shop & Museum4.912.3 mi
- L.L. Stub Stewart State Park4.75.8 mi
- K1 Speed Portland4.312.4 mi
- Rice Northwest Museum of Rocks & Minerals4.810.8 mi
- Tree to Tree Adventure Park4.912.1 mi
- Next Level Pinball Shop & Museum4.912.3 mi
- Rice Northwest Museum of Rocks & Minerals4.810.8 mi
- Walters Cultural Arts Center4.712.2 mi
- Play Street Museum - Beaverton4.715.7 mi
- The FLIP Children's Museum of Hillsboro4.512.1 mi
- L.L. Stub Stewart State Park4.75.8 mi
- Horning's Hideout4.75.6 mi
- Banks Trailhead Banks-Vernonia State Trail4.73.1 mi
- Shute Park4.512.9 mi
- Fernhill Wetlands4.811 mi
- Scappoose Bay Marine Park, Port of Columbia County4.517.9 mi
- Fred's Marina4.416 mi
- Rocky Pointe Marina4.112.7 mi
- Felida Moorage RR 664.319.8 mi
- Topgolf Hillsboro4.512.4 mi
- Pumpkin Ridge Golf Club4.47.1 mi
- Wildwood Golf Course4.612.3 mi
- McKay Creek Golf Course & Driving Range4.511.5 mi
- Killarney West Golf Course4.210.8 mi
- WinCo Foods4.411.8 mi
- Fred Meyer4.210.8 mi
- Safeway4.112.6 mi
- Safeway3.810.3 mi
- Helvetia Farm Market4.712 mi
- Portland International Airport4.526.6 mi
- Providence Saint Vincent Hospital Heliport4.620.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state park offering extensive hiking, biking, and equestrian trails.
Local community park serving the city of Banks with sports fields and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.