ZIP Code · OR

ZIP 97062

Part of Tualatin, OR

Pop. 28,930·Washington County·38th most expensive ZIP in Oregon

Median rent (all units)

$1,880/mo

Year-over-Year

+4.2%

Month-over-Month

+0.3%

vs US Median

-$52

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97062 · $1,880

More expensive than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,710

1 BR

$1,820

2 BR

$2,090

3 BR

$2,850

4 BR+

$3,380

Research median

$2,090/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

March. Asking rents in ZIP 97062 usually run 1.5% below trend in March and 1.9% above it in August, about $64 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 97062 is at its highest level since Zillow's records here began in April 2018.

Past year vs. the rest of Oregon

Rent in ZIP 97062 changed +4.2% 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 97062 rose 30.5% while median household income rose 20.1% ($87,798 to $105,407). Rent outpaced income.

Since before the pandemic

Rent in ZIP 97062 is 34.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($105,407) is $2,635 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,090); a 3-bedroom is $2,850.

Cheaper nearby

ZIP 97267, 8 miles away, rents for 11% less ($1,678/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97062. 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

$22,560/yr

At $1,880/mo median

Location

CityTualatin

StateOR

CountyWashington County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.2% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97062 (Tualatin, OR) is majority owner-occupied, has a median income above the national average, 47.4% of residents hold a bachelor's degree or higher.

Population

28,930

Median income

$105,407

Median age

38.7

Renters

41.5%

Age distribution

21.5%

22.8%

28.2%

16%

Under 1821.5%

18–3422.8%

35–5428.2%

55–6411.6%

65+16%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

65.6%

22.4%

White65.6%

Black1.3%

Hispanic22.4%

Asian3.3%

Other7.4%

Education (25+)

19.3%

25.8%

47.4%

No HS diploma7.6%

HS diploma19.3%

Some college25.8%

Bachelor's+47.4%

Housing tenure

58.5%

41.5%

Owner58.5%

Renter41.5%

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

2021 vs 2026

How ZIP 97062 in Tualatin, OR has changed in 5 years

Rent

$1,529 → $1,880

up 23.0%

Income

$101,410 → $105,407

up 3.9%

Population

28,823 → 28,930

up 0.4%

Renter share

41.8% → 41.5%

-0.3 pts

Bachelor's+

45.9% → 47.4%

+1.5 pts

Rent in ZIP 97062 in Tualatin, OR has increased 23.0% since 2021, going from about $1,529 per month to roughly $1,880 today. On the earnings side, the typical household in ZIP 97062 in Tualatin, OR now reports about $105,407, up from $101,410 in 2021. Rent outpaced income growth by roughly 19.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97062 in Tualatin, OR reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 97062

Last updated: October 17, 2026

ZIP code 97062 covers Tualatin, OR. The median rent here is $1,880/mo as of October 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $2,090/mo.

At 21% of local median household income ($105,407/yr), ZIP 97062 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97062?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,880/mo in ZIP 97062. The local median household income is $105,407/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97062?

Rent in ZIP 97062 has risen 4.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2018.

When is the cheapest time to rent in ZIP 97062?

Asking rents in ZIP 97062 are usually lowest in March, about 1.5% below their yearly trend, and highest in August, about 1.9% above it. At today's median that is a gap of roughly $64 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 97062?

Yes. From 2019 to 2024, rent in ZIP 97062 rose 30.5% while median household income rose 20.1%, from $87,798 to $105,407. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97062 compare to other ZIPs in Oregon?

ZIP 97062 is one of the pricier among Oregon ZIP codes for rent, ranking #38 of 114 at $1,880/mo. Over the year to September 2026, rent in ZIP 97062 changed +4.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.