The story of this market
The typical home in ZIP 97223 sells for about $575,000, or $325 per square foot.
Prices are down 3.6% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,785 a month.
ZIP 97223 — Tigard
The 97223 housing market is showing signs of stabilization as buyer activity increases following a period of price adjustments. While year-over-year prices have seen a slight decline, the market remains competitive with a healthy inventory level and steady demand for well-priced homes. The area's strong economic fundamentals and proximity to major employment hubs continue to drive interest from both families and professionals.
This ZIP is ideal for families and professionals seeking a balance between suburban tranquility and urban accessibility. It attracts buyers looking for established neighborhoods with good schools and convenient access to the Portland metro area's major tech and corporate employers.
Median prices moved down 3.6% year over year.
Homes spend a median of 46 days on market with 3.5 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 97.9% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 6.9% — 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 4.2%/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 97223, 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 the 97223 area are generally consistent with suburban Portland averages, with property crime being the primary concern. Residents typically report feeling safe in established residential neighborhoods, though proximity to major transit corridors can influence localized incident reports.
The area is served by highly regarded public school districts, including Tigard-Tualatin and Beaverton, which are frequently recognized for strong academic performance and diverse extracurricular offerings.
The region faces moderate risks related to winter storms and potential seismic activity, typical of the Pacific Northwest. Flood risks are generally localized to specific drainage basins near Fanno Creek, and insurance premiums are influenced by regional wildfire and wind exposure.
Economic momentum is driven by the proximity to the Silicon Forest tech corridor and major employers in Beaverton and Tigard. Infrastructure improvements focus on enhancing transit connectivity and managing suburban density through mixed-use redevelopment.
Property taxes are assessed by Washington County based on real market value, subject to state-mandated constitutional limits on assessed value growth. Special districts for schools, fire protection, and water services are included in the consolidated tax rate.
Commuters benefit from proximity to Highway 217 and I-5, providing direct access to downtown Portland and the broader metro employment core. Public transit options include frequent bus service and proximity to the WES Commuter Rail line.
The area features extensive green spaces including the Fanno Creek Trail and various community parks like Dirksen Nature Park. Shopping and dining are concentrated along the SW Hall Blvd and SW Pacific Hwy corridors.
The rental market is characterized by steady demand from professionals and families, with a mix of apartment complexes and single-family rentals. Vacancy rates remain low due to the area's central location and access to major employment hubs.
The economy is anchored by the technology, healthcare, and retail sectors, with significant employment bases in nearby Beaverton and Portland. The area benefits from a diverse industry mix that provides stability and growth opportunities.
The area is well-served by major highway corridors including Highway 217 and I-5, facilitating regional travel. Public transit is supported by TriMet bus routes and the WES Commuter Rail, connecting the area to the broader Portland transit network.
Development planning focuses on increasing housing density along transit corridors and revitalizing older commercial districts. Major projects are centered on creating more walkable, mixed-use environments to accommodate population growth.
The Washington County Assessor's office manages property valuations, adhering to Oregon's strict property tax assessment laws which limit annual increases in assessed value.
Parcels are subject to various special districts including school districts, fire and rescue districts, and water/sewer service providers. These districts are funded through property tax levies.
Property insurance premiums are influenced by regional wildfire risk and the potential for severe weather events. Market health is stable, though insurers are increasingly focused on hazard mitigation.
Data retrieved from data.census.gov using ZCTA 97223 profile.
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 Portland4.87.7 mi
- Oaks Amusement Park4.45.8 mi
- Langer's Entertainment Center4.46.1 mi
- Bullwinkle's4.49 mi
- Sky Zone Trampoline Park3.82.1 mi
- Moda Center4.58.1 mi
- Providence Park4.66.8 mi
- Oregon Convention Center4.58.1 mi
- Revolution Hall4.68 mi
- Portland Art Museum4.66.8 mi
- Powell's City of Books4.97.2 mi
- Oregon Zoo4.55.6 mi
- Portland Japanese Garden4.66.3 mi
- The Grotto4.712.4 mi
- Providence Park4.66.8 mi
- Portland Japanese Garden4.66.3 mi
- OMSI4.57 mi
- The Grotto4.712.4 mi
- Hopscotch Portland4.87.7 mi
- Portland Art Museum4.66.8 mi
- Portland Japanese Garden4.66.3 mi
- The Grotto4.712.4 mi
- International Rose Test Garden4.86.4 mi
- Laurelhurst Park4.79 mi
- Pioneer Courthouse Square4.47.1 mi
- Riverplace Marina4.66.8 mi
- Topgolf Hillsboro4.511.1 mi
- RedTail Golf Center41.5 mi
- Heron Lakes Golf Course4.111.8 mi
- Eastmoreland Golf Course4.36.9 mi
- The Reserve Vineyard & Golf Club4.67.8 mi
- Washington Square4.40.9 mi
- Clackamas Town Center4.39.6 mi
- Uwajimaya Beaverton4.73.3 mi
- Bridgeport Village4.43.2 mi
- Fred Meyer49.2 mi
- Portland International Airport4.513.3 mi
- Providence Saint Vincent Hospital Heliport4.64.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional trail system providing extensive walking and biking paths.
A large natural area featuring wooded trails and wildlife viewing.
A major regional shopping mall located nearby, serving as a primary retail anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.