The story of this market
The typical home in ZIP 97222 sells for about $469,000, or $315 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,641 a month.
ZIP 97222 — Milwaukie
The 97222 housing market shows signs of stability with moderate price growth and consistent demand. While inventory remains somewhat constrained, the area's affordability relative to central Portland continues to attract buyers, keeping the market balanced.
This ZIP is well-suited for family buyers and commuters who value a balance between suburban living and access to Portland's urban amenities. It also attracts renters looking for more affordable housing options compared to the city center.
Median prices moved up 2.1% year over year.
Homes spend a median of 66 days on market with 3.2 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 6.7% · poverty 9.2% — 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 5.7%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97222, Clackamas 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 the Milwaukie area are generally consistent with regional suburban averages for the Portland metro, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety trends.
Schools serving the 97222 area are primarily part of the North Clackamas School District, which generally maintains moderate performance ratings. The district is noted for its diverse student body and ongoing efforts to improve academic outcomes across its elementary and secondary campuses.
The area faces standard Pacific Northwest risks, including potential for localized flooding near the Willamette River and seasonal wildfire smoke impacts. Property insurance markets remain stable but are increasingly sensitive to regional climate-related risk assessments.
Economic momentum is driven by proximity to Portland's employment core and local industrial development in Milwaukie. Infrastructure improvements, including transit corridor enhancements, continue to support residential demand.
Property taxes are assessed by Clackamas County based on real market value, subject to Oregon's constitutional limits on assessed value growth. Special districts for fire, water, and school services are included in the consolidated tax rate.
Residents benefit from proximity to the MAX Orange Line light rail, providing direct transit access to downtown Portland. Major highway corridors like OR-99E and I-205 facilitate regional vehicle commuting.
The area features extensive access to the Willamette River, including parks like Milwaukie Riverfront Park and various neighborhood greenbelts. Shopping and dining are concentrated along the historic downtown Milwaukie corridor and nearby retail centers.
The rental market is characterized by steady demand from commuters seeking alternatives to central Portland. Vacancy rates remain low, and the area sees a mix of long-term residential rentals and some investor-owned properties.
The local economy is supported by a mix of manufacturing, healthcare, and retail services. Proximity to Portland allows for a diverse employment base for residents.
The area is served by TriMet bus lines and the MAX Orange Line, connecting the ZIP to the broader Portland metropolitan transit network.
Development efforts are currently focused on infill housing and transit-oriented projects near the light rail corridor.
Clackamas County Assessment and Taxation manages property valuations, adhering to state-mandated assessment cycles and tax limitation measures.
Parcels are subject to various special districts, including North Clackamas School District, fire districts, and water/sewer service providers.
Property insurance premiums are influenced by regional wildfire risk and flood zone designations near the Willamette River.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 97222.
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 Portland4.84.8 mi
- Oaks Amusement Park4.42.3 mi
- Langer's Entertainment Center4.411.7 mi
- Bullwinkle's4.411.7 mi
- Sky Zone Trampoline Park3.87.8 mi
- Moda Center4.56 mi
- Providence Park4.65.9 mi
- Oregon Convention Center4.55.8 mi
- Revolution Hall4.65 mi
- Portland Art Museum4.65.4 mi
- Powell's City of Books4.95.8 mi
- Oregon Zoo4.55.9 mi
- Portland Japanese Garden4.66.2 mi
- The Grotto4.77.7 mi
- Providence Park4.65.9 mi
- Portland Japanese Garden4.66.2 mi
- OMSI4.54.5 mi
- The Grotto4.77.7 mi
- Hopscotch Portland4.84.8 mi
- Vista House at Crown Point4.819.6 mi
- Portland Japanese Garden4.66.2 mi
- The Grotto4.77.7 mi
- International Rose Test Garden4.86.1 mi
- Laurelhurst Park4.75 mi
- Mt. Tabor Park4.84.6 mi
- Portland Yacht Club4.710.6 mi
- Riverplace Marina4.64.7 mi
- Fred's Marina4.414.5 mi
- Tomahawk Bay Marina4.310.9 mi
- Felida Moorage RR 664.318.4 mi
- RedTail Golf Center47.3 mi
- Heron Lakes Golf Course4.111.4 mi
- Glendoveer Golf & Tennis4.47.6 mi
- Eastmoreland Golf Course4.31.9 mi
- Rose City Golf Course4.16.4 mi
- Washington Square4.47.4 mi
- Clackamas Town Center4.32.8 mi
- Uwajimaya Beaverton4.78 mi
- Bridgeport Village4.47 mi
- Fred Meyer45.9 mi
- Portland International Airport4.59.6 mi
- Providence Saint Vincent Hospital Heliport4.68.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides public access to the Willamette River and walking trails.
A major regional paved trail system for cycling and walking.
Historic district with local shops, restaurants, and a seasonal farmers market.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.