ZIP Code · OR

ZIP 97008

Part of Beaverton, OR

Pop. 28,611·Washington County·63rd most expensive ZIP in Oregon

Median rent (all units)

$1,767/mo

Year-over-Year

+1.1%

Month-over-Month

-0.8%

vs US Median

-$165

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97008 · $1,767

More affordable than 53% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,540

1 BR

$1,640

2 BR

$1,880

3 BR

$2,560

4 BR+

$3,040

Research median

$1,880/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 97008 usually run 1.4% below trend in January and 1.1% above it in September, about $44 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 97008 is 1.2% below its high of $1,789 in June 2024, at $1,767 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97008 changed +1.1% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($96,116) is $2,403 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,880); a 3-bedroom is $2,560.

Rank in Beaverton

1st cheapest of 6 ZIP codes in Beaverton.

Cheaper nearby

ZIP 97201, 6 miles away, rents for 10% less ($1,588/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97008. 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

$21,204/yr

At $1,767/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 (+1.1% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 97008 (Beaverton, OR) is majority owner-occupied, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.

Population

28,611

Median income

$96,116

Median age

40.6

Renters

43.1%

Age distribution

20.8%

20.5%

28.5%

13.5%

16.7%

Under 1820.8%

18–3420.5%

35–5428.5%

55–6413.5%

65+16.7%

Gender

50%

Male50%

Female50%

Race & ethnicity

71.1%

15.2%

White71.1%

Black2.7%

Hispanic15.2%

Asian6.3%

Other4.7%

Education (25+)

15.5%

29.2%

50.4%

No HS diploma4.8%

HS diploma15.5%

Some college29.2%

Bachelor's+50.4%

Housing tenure

56.9%

43.1%

Owner56.9%

Renter43.1%

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

2021 vs 2026

How ZIP 97008 in Beaverton, OR has changed in 5 years

Rent

$1,444 → $1,767

up 22.4%

Income

$77,257 → $96,116

up 24.4%

Population

29,880 → 28,611

down 4.2%

Renter share

46.5% → 43.1%

-3.4 pts

Bachelor's+

44.9% → 50.4%

+5.5 pts

Median age

38.9 → 40.6

+1.7 yrs

The median rent in ZIP 97008 in Beaverton, OR stood at $1,444 in 2021 and currently runs about $1,767, reflecting a 22.4% increase over the period. On the earnings side, the typical household in ZIP 97008 in Beaverton, OR now reports about $96,116, up from $77,257 in 2021. The population has contracted by 4.2% since 2021, moving from about 29,880 residents to roughly 28,611. Renters now make up 43.1% of households, compared with 46.5% five years ago. College-educated residents now make up 50.4% of adults here, versus 44.9% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97008 in Beaverton, OR reflects that arc in its own way.

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About renting in ZIP 97008

Last updated: October 17, 2026

ZIP code 97008 covers Beaverton, OR. The median rent here is $1,767/mo as of October 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,880/mo.

At 22% of local median household income ($96,116/yr), ZIP 97008 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97008?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,767/mo in ZIP 97008. The local median household income is $96,116/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97008?

Rent in ZIP 97008 has risen 1.1% over the past year as of September 2026. It sits 1.2% below its high of $1,789 in June 2024.

When is the cheapest time to rent in ZIP 97008?

Asking rents in ZIP 97008 are usually lowest in January, about 1.4% below their yearly trend, and highest in September, about 1.1% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 97008 compare to other ZIPs in Oregon?

ZIP 97008 is in the middle among Oregon ZIP codes for rent, ranking #63 of 114 at $1,767/mo. Over the year to September 2026, rent in ZIP 97008 changed +1.1%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.