The story of this market
The typical home in ZIP 97116 sells for about $505,000, or $263 per square foot.
Prices are down 8.2% from a year ago, which gives buyers more room to negotiate. Homes take about 102 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,463 a month.
ZIP 97116 — Forest Grove
The 97116 housing market is currently experiencing a cooling phase, evidenced by a year-over-year decline in median prices and an increase in days on market. While inventory remains relatively tight, buyers are exercising more caution, leading to a slight softening in sale-to-list ratios. The market is transitioning from the high-demand environment of previous years to a more balanced, albeit slower, pace.
This ZIP is well-suited for families and commuters seeking a suburban lifestyle with access to both rural amenities and the Portland employment hub.
Median prices moved down 8.2% year over year.
Homes spend a median of 102 days on market with 2.2 months of supply — a balanced-paced market.
4% 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 4.2% · poverty 14.2% — 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 6.6%/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
net influx — more people moved in than out
ZCTA 97116, 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.
Crime rates in Forest Grove are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Forest Grove School District, which maintains a mix of public schools with generally stable performance ratings.
The region faces moderate risks related to seasonal wildfire smoke and localized flooding near the Tualatin River basin.
Economic momentum is driven by proximity to the Portland metro area, with local growth supported by Pacific University and expanding residential developments.
Property taxes are assessed by Washington County based on real market value, with rates influenced by local school district levies and municipal bonds.
Commuters primarily utilize OR-47 and OR-8 to connect to the Portland metropolitan employment core, with average commute times reflecting regional traffic patterns.
Residents have access to numerous parks including St. Patrick's Park and the Forest Grove Aquatic Center, with proximity to regional trails and golf courses.
The rental market is characterized by moderate vacancy pressure and steady demand from students and commuters, with limited short-term rental saturation.
The local economy is anchored by Pacific University, light manufacturing, and agricultural services, with many residents commuting to the broader Portland tech corridor.
Transportation is primarily highway-dependent, with limited public transit options connecting to the MAX Light Rail system in neighboring cities.
Development is focused on infill projects and residential expansion on the western edge of the city, aligned with the urban growth boundary.
Washington County Assessment and Taxation manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to Forest Grove School District, Tualatin Valley Fire & Rescue, and various local utility and water districts.
Property insurance premiums are rising due to regional wildfire risk assessments and general inflationary pressure on construction costs.
Oregon continues to see net domestic migration, though growth has moderated compared to the previous decade.
Oregon is primarily a non-judicial foreclosure state, requiring specific notice periods and providing homeowners with limited redemption rights.
Sellers are required to provide a comprehensive property disclosure statement covering material defects and known issues at the time of sale.
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.
- Sky Zone Trampoline Park3.818.1 mi
- K1 Speed Portland4.310.1 mi
- Chuck E. Cheese4.217.4 mi
- Wunderland4.213.7 mi
- Plumper Farms4.212.9 mi
- Topgolf Hillsboro4.510.1 mi
- Sky Zone Trampoline Park3.818.1 mi
- Amaterra Winery4.518.4 mi
- Ole Bolle Troll4.919.4 mi
- Topaz Farm4.415.9 mi
- Next Level Pinball Shop & Museum4.98.8 mi
- Regal Evergreen Parkway4.412.8 mi
- L.L. Stub Stewart State Park4.711.9 mi
- K1 Speed Portland4.310.1 mi
- Rood Bridge Park4.710.3 mi
- Next Level Pinball Shop & Museum4.98.8 mi
- Witch's Castle4.319.9 mi
- Ole Bolle Troll4.919.4 mi
- Rice Northwest Museum of Rocks & Minerals4.88.9 mi
- HECSA Portland Balaji Temple4.819.5 mi
- Hidden Creek Park West4.810.3 mi
- L.L. Stub Stewart State Park4.711.9 mi
- Rood Bridge Park4.710.3 mi
- Orenco Woods Nature Park4.711.5 mi
- Bald Peak State Scenic Viewpoint4.512.7 mi
- Fred's Marina4.416.2 mi
- Rocky Pointe Marina4.115.4 mi
- Topgolf Hillsboro4.510.1 mi
- The Reserve Vineyard & Golf Club4.611.9 mi
- Pumpkin Ridge Golf Club4.47 mi
- Meriwether National Golf Club4.311 mi
- Forest Hills Golf Course4.47.2 mi
- WinCo Foods4.411.4 mi
- Fred Meyer4.111.1 mi
- Fred Meyer4.211.6 mi
- Safeway4.112.9 mi
- New Seasons Market4.510.6 mi
- Portland International Airport4.526.2 mi
- Providence Saint Vincent Hospital Heliport4.617.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A private liberal arts university serving as a major cultural and economic anchor.
Public facility offering year-round swimming and fitness programs.
Community park providing green space and recreational fields.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.