ZIP Code · OR

ZIP 97007

Part of Beaverton, OR

Pop. 47,895·Washington County·31st most expensive ZIP in Oregon

Median rent (all units)

$1,917/mo

Year-over-Year

-0.3%

Month-over-Month

+0.4%

vs US Median

-$15

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97007 · $1,917

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

$1,720

1 BR

$1,830

2 BR

$2,100

3 BR

$2,860

4 BR+

$3,400

Research median

$2,100/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 97007 usually run 1.5% below trend in January and 1.2% above it in September, about $52 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 97007 is 2.9% below its high of $1,974 in August 2024, at $1,917 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97007 changed -0.3% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 97007 rose 32.1% while median household income rose 44.7% ($85,346 to $123,533). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 97007 is 26.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($123,533) is $3,088 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,860); a 4-bedroom is $3,400.

Rank in Beaverton

4th 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 97007. 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

$23,004/yr

At $1,917/mo median

Location

CityBeaverton

StateOR

CountyWashington County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.3% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 97007 (Beaverton, OR) is majority owner-occupied, has a median income above the national average, 54.9% of residents hold a bachelor's degree or higher.

Population

47,895

Median income

$123,533

Median age

41.2

Renters

25%

Age distribution

20.8%

20.2%

30.5%

14.2%

Under 1820.8%

18–3420.2%

35–5430.5%

55–6414.2%

65+14.2%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

63.1%

13.5%

14%

White63.1%

Black2.6%

Hispanic13.5%

Asian14%

Other6.8%

Education (25+)

13.1%

25.6%

54.9%

No HS diploma6.4%

HS diploma13.1%

Some college25.6%

Bachelor's+54.9%

Housing tenure

75%

25%

Owner75%

Renter25%

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

2021 vs 2026

How ZIP 97007 in Beaverton, OR has changed in 5 years

Rent

$1,594 → $1,917

up 20.3%

Income

$104,306 → $123,533

up 18.4%

Population

48,546 → 47,895

down 1.3%

Renter share

24.9% → 25%

+0.1 pts

Bachelor's+

51.3% → 54.9%

+3.6 pts

Median age

40.3 → 41.2

+0.9 yrs

Since 2021, the typical rent in ZIP 97007 in Beaverton, OR has climbed from $1,594 to $1,917, a 20.3% change over five years. Census figures show median household income at $123,533 today, compared with $104,306 five years earlier. The population has contracted by 1.3% since 2021, moving from about 48,546 residents to roughly 47,895. College-educated residents now make up 54.9% of adults here, versus 51.3% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 97007

Last updated: October 17, 2026

ZIP code 97007 covers Beaverton, OR. The median rent here is $1,917/mo as of October 2026. A 1-bedroom rents for a median of $1,830/mo. A 2-bedroom rents for a median of $2,100/mo.

At 19% of local median household income ($123,533/yr), ZIP 97007 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97007?

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 $1,917/mo in ZIP 97007. The local median household income is $123,533/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97007?

Rent in ZIP 97007 has been roughly flat over the past year as of September 2026, a -0.3% change. It sits 2.9% below its high of $1,974 in August 2024.

When is the cheapest time to rent in ZIP 97007?

Asking rents in ZIP 97007 are usually lowest in January, about 1.5% below their yearly trend, and highest in September, about 1.2% above it. At today's median that is a gap of roughly $52 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 97007?

No. From 2019 to 2024, rent in ZIP 97007 rose 32.1% while median household income rose 44.7%, from $85,346 to $123,533. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97007 compare to other ZIPs in Oregon?

ZIP 97007 is one of the pricier among Oregon ZIP codes for rent, ranking #31 of 114 at $1,917/mo. Over the year to September 2026, rent in ZIP 97007 changed -0.3%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.