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ZIP Code · OR

ZIP 97124

Pop. 54,357·Washington County·32nd most expensive ZIP in Oregon
Median rent (all units)
$1,859/mo
Year-over-Year
+1.5%
Month-over-Month
+0.3%
vs US Median
-$106
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 97124 · $1,859
More expensive than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,850
1 BR
$1,970
2 BR
$2,260
3 BR
$3,080
4 BR+
$3,660
Research median
$2,260/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: July 20, 2026

Annual cost
$22,308/yr
At $1,859/mo median
Location
StateOR
CountyWashington County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.5% YoY, +0.3% MoM), not inventory.
Demographics

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.

Population
54,357
Median income
$110,067
Median age
34.7
Renters
53.4%
Age distribution
20.1%
30.6%
27.4%
12.1%
Under 1820.1%
18–3430.6%
35–5427.4%
55–649.8%
65+12.1%
Gender
52.8%
47.2%
Male52.8%
Female47.2%
Race & ethnicity
60.5%
23.2%
White60.5%
Black3.3%
Hispanic23.2%
Asian11%
Other2%
Education (25+)
16.5%
30.7%
46.3%
No HS diploma6.4%
HS diploma16.5%
Some college30.7%
Bachelor's+46.3%
Housing tenure
46.6%
53.4%
Owner46.6%
Renter53.4%

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

2021 vs 2026

How ZIP 97124 in Hillsboro, OR has changed in 5 years

Rent
$1,613 → $1,859
up 15.3%
Income
$100,596 → $110,067
up 9.4%
Population
54,287 → 54,357
up 0.1%
Renter share
52.3% → 53.4%
+1.1 pts
Bachelor's+
48.5% → 46.3%
-2.2 pts
Median age
33.9 → 34.7
+0.8 yrs

Compared with 2021, rent in ZIP 97124 in Hillsboro, OR has climbed by $246 per month, settling near $1,859 after starting the period at $1,613. 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 5.9 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.

Community

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Local insights

Tips for renters in ZIP 97124

About renting in ZIP 97124

Last updated: July 20, 2026

ZIP code 97124 covers Hillsboro, OR. The median rent here is $1,859/mo as of July 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,260/mo.

At 20% of local median household income ($110,067/yr), ZIP 97124 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97124?

As of July 20, 2026, the median monthly rent in ZIP 97124 (Hillsboro, OR) is $1,859. This is based on aggregated data from public sources and community submissions.

How does ZIP 97124 rent compare to the US average?

ZIP 97124's median rent of $1,859/mo is $106 (5%) below the US national median of $1,965/mo.

How does ZIP 97124 compare to other ZIPs in Oregon?

ZIP 97124 is one of the pricier ZIP codes in Oregon, ranking #32 out of 116 ZIPs tracked at $1,859/mo.

How much income do you need to rent in ZIP 97124?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,859/mo in ZIP 97124. The local median household income is $110,067/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97124?

Rent in ZIP 97124 has increased 1.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97124 an affordable place to rent?

ZIP 97124 is considered very affordable for renters. At $1,859/mo, rent takes approximately 20% of the local median household income ($110,067/yr). The standard benchmark is 30%. ZIP 97124 falls comfortably within that range.

What percentage of ZIP 97124 residents rent vs. own?

According to Census data, approximately 53.4% of ZIP 97124 households are renters, while 46.6% are owner-occupied. With a majority renter population, ZIP 97124 has a strong rental market.

How does ZIP 97124 compare to the rest of Hillsboro?

ZIP 97124 is more affordable than Hillsboro overall. At $1,859/mo, it's $43 below the Hillsboro citywide median of $1,902/mo.

When was rent data for ZIP 97124 last updated?

Rent data for ZIP 97124 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,859/mo, rent takes ~20% of ZIP 97124's median household income ($110,067/yr). The standard benchmark is 30%.

ZIP 97124 20%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97124 (Hillsboro, OR)

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