ZIP Code · OR

ZIP 97116

Part of Forest Grove, OR

Pop. 29,800·Washington County·57th most expensive ZIP in Oregon

Median rent (all units)

$1,789/mo

Year-over-Year

+3.0%

Month-over-Month

+1.9%

vs US Median

-$143

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97116 · $1,789

More affordable than 52% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,470

1 BR

$1,580

2 BR

$1,800

3 BR

$2,470

4 BR+

$2,900

Research median

$1,800/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

Past year vs. the rest of Oregon

Rent in ZIP 97116 changed +3.1% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($92,613) is $2,315 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,800); a 3-bedroom is $2,470.

From Zillow's monthly rent index (ZORI) for ZIP 97116. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,468/yr

At $1,789/mo median

Location

CityForest Grove

StateOR

CountyWashington County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.0% YoY, +1.9% MoM), not inventory.

Demographics

Who lives here

ZIP 97116 (Forest Grove, OR) is majority owner-occupied, has a median income above the national average, 32.7% of residents hold a bachelor's degree or higher.

Population

29,800

Median income

$92,613

Median age

Renters

33.6%

Age distribution

24%

26%

24.1%

15.3%

Under 1824%

18–3426%

35–5424.1%

55–6410.7%

65+15.3%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

69.7%

27.8%

White69.7%

Black2%

Hispanic27.8%

Asian3.4%

Education (25+)

23.7%

33.3%

32.7%

No HS diploma10.3%

HS diploma23.7%

Some college33.3%

Bachelor's+32.7%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 97116 in Forest Grove, OR has changed in 5 years

Income

$76,610 → $92,613

up 20.9%

Population

28,835 → 29,800

up 3.3%

Renter share

35.6% → 33.6%

-2.0 pts

Bachelor's+

32.9% → 32.7%

-0.2 pts

Median age

36.6 → 35

-1.6 yrs

Median household income climbed from $76,610 to $92,613 between 2021 and 2024, a 20.9% shift. Census counts show ZIP 97116 in Forest Grove, OR adding about 965 residents over the five-year window, up 3.3% on net. The renter share has eased from 35.6% to 33.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 97116

Last updated: October 17, 2026

ZIP code 97116 covers Forest Grove, OR. The median rent here is $1,789/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 23% of local median household income ($92,613/yr), ZIP 97116 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97116?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,789/mo in ZIP 97116. The local median household income is $92,613/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97116?

Rent in ZIP 97116 has risen 3.0% over the past year.

How does ZIP 97116 compare to other ZIPs in Oregon?

ZIP 97116 is in the middle among Oregon ZIP codes for rent, ranking #57 of 114 at $1,789/mo. Over the year to September 2026, rent in ZIP 97116 changed +3.1%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.