ZIP Code · OR

ZIP 97003

Part of Beaverton, OR

Pop. 27,811·Washington County·32nd most expensive ZIP in Oregon

Median rent (all units)

$1,915/mo

Year-over-Year

-2.9%

Month-over-Month

+0.3%

vs US Median

-$17

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97003 · $1,915

More expensive than 57% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,770

1 BR

$1,890

2 BR

$2,170

3 BR

$2,960

4 BR+

$3,510

Research median

$2,170/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 97003 usually run 2.2% below trend in January and 2.2% above it in July, about $84 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 97003 is 4.4% below its high of $2,004 in November 2024, at $1,915 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97003 changed -2.9% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Since before the pandemic

Rent in ZIP 97003 is 22.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 2 of the last 12 months.

What a typical income covers

30% of the median household income ($99,072) is $2,477 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,170); a 3-bedroom is $2,960.

Rank in Beaverton

3rd cheapest of 6 ZIP codes in Beaverton.

Cheaper nearby

ZIP 97205, 9 miles away, rents for 16% less ($1,617/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97003. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,980/yr

At $1,915/mo median

Location

CityBeaverton

StateOR

CountyWashington County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.9% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.9% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97003 (Beaverton, OR) is majority owner-occupied, has a median income above the national average, 37.8% of residents hold a bachelor's degree or higher.

Population

27,811

Median income

$99,072

Median age

35.3

Renters

43.9%

Age distribution

19.6%

29.9%

27.3%

13.4%

Under 1819.6%

18–3429.9%

35–5427.3%

55–649.8%

65+13.4%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

55.5%

18.3%

15.6%

White55.5%

Black3.5%

Hispanic18.3%

Asian15.6%

Other7.2%

Education (25+)

21.2%

32.3%

37.8%

No HS diploma8.6%

HS diploma21.2%

Some college32.3%

Bachelor's+37.8%

Housing tenure

56.1%

43.9%

Owner56.1%

Renter43.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97003 in Beaverton, OR has changed in 5 years

Rent

$1,584 → $1,915

up 20.9%

Income

$84,692 → $99,072

up 17.0%

Population

28,411 → 27,811

down 2.1%

Renter share

43% → 43.9%

+0.9 pts

Bachelor's+

35% → 37.8%

+2.8 pts

Median age

34.6 → 35.3

+0.7 yrs

Compared with 2021, rent in ZIP 97003 in Beaverton, OR has increased by $331 per month, settling near $1,915 after starting the period at $1,584. Household income in the area moved from $84,692 to $99,072 across the same window, up 17.0% versus 2021. Rent outpaced income growth by roughly 3.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,411 to 27,811 between 2021 and 2024, a 2.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 35% to 37.8%. Reading these numbers side by side helps frame whether current listings in ZIP 97003 in Beaverton, OR look reasonable against where the market sat half a decade ago.

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About renting in ZIP 97003

Last updated: October 17, 2026

ZIP code 97003 covers Beaverton, OR. The median rent here is $1,915/mo as of October 2026. A 1-bedroom rents for a median of $1,890/mo. A 2-bedroom rents for a median of $2,170/mo.

At 23% of local median household income ($99,072/yr), ZIP 97003 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97003?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,915/mo in ZIP 97003. The local median household income is $99,072/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97003?

Rent in ZIP 97003 has fallen 2.9% over the past year as of September 2026. It sits 4.4% below its high of $2,004 in November 2024.

When is the cheapest time to rent in ZIP 97003?

Asking rents in ZIP 97003 are usually lowest in January, about 2.2% below their yearly trend, and highest in July, about 2.2% above it. At today's median that is a gap of roughly $84 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 97003 compare to other ZIPs in Oregon?

ZIP 97003 is one of the pricier among Oregon ZIP codes for rent, ranking #32 of 114 at $1,915/mo. Over the year to September 2026, rent in ZIP 97003 changed -2.9%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.