ZIP 97124
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 97124 usually run 2% below trend in February and 2.1% above it in August, about $78 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 97124 is 5.4% below its high of $2,021 in July 2024, at $1,911 as of September 2026.
Rent in ZIP 97124 changed +0.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97124 rose 30% while median household income rose 21.7% ($90,460 to $110,067). Rent outpaced income.
Rent in ZIP 97124 is 22% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($110,067) is $2,752 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,260); a 3-bedroom is $3,080.
From Zillow's monthly rent index (ZORI) for ZIP 97124. 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.
Who lives here
ZIP 97124 (Hillsboro, OR) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 46.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97124 in Hillsboro, OR has changed in 5 years
Compared with 2021, rent in ZIP 97124 in Hillsboro, OR has climbed by $293 per month, settling near $1,911 after starting the period at $1,618. Local incomes tracked alongside that move, going from a median of $100,596 in 2021 to $110,067 more recently. Rent outpaced income growth by roughly 8.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 48.5% to 46.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 97124 in Hillsboro, OR market of 2021.
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Tips for renters in ZIP 97124
Last updated: October 17, 2026
ZIP code 97124 covers Hillsboro, OR. The median rent here is $1,911/mo as of October 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,260/mo.
At 21% of local median household income ($110,067/yr), ZIP 97124 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.
Frequently asked questions
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How does ZIP 97124 compare to other ZIPs in Oregon?
How does ZIP 97124 compare to the rest of Hillsboro?
At $1,911/mo, rent takes ~21% of ZIP 97124's median household income ($110,067/yr). The standard benchmark is 30%.
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