ZIP Code · OR

ZIP 97223

Part of Tigard, OR

Pop. 50,527·Washington County·50th most expensive ZIP in Oregon

Median rent (all units)

$1,811/mo

Year-over-Year

+1.2%

Month-over-Month

-0.3%

vs US Median

-$121

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97223 · $1,811

More expensive than 50% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,770

2 BR

$2,030

3 BR

$2,770

4 BR+

$3,280

Research median

$2,030/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 97223 usually run 1.5% below trend in January and 1.4% above it in July, about $53 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 97223 is 0.3% below its high of $1,816 in August 2026, at $1,811 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97223 changed +1.2% 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 97223 rose 32.9% while median household income rose 28.1% ($83,350 to $106,757). Rent outpaced income.

Since before the pandemic

Rent in ZIP 97223 is 33.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($106,757) is $2,669 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,030); a 3-bedroom is $2,770.

Cheaper nearby

ZIP 97201, 6 miles away, rents for 12% less ($1,588/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97223. 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

$21,732/yr

At $1,811/mo median

Location

CityTigard

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 (+1.2% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97223 (Tigard, OR) is majority owner-occupied, has a median income above the national average, 50.6% of residents hold a bachelor's degree or higher.

Population

50,527

Median income

$106,757

Median age

40.1

Renters

39.2%

Age distribution

19.3%

22.6%

29.6%

12.5%

16%

Under 1819.3%

18–3422.6%

35–5429.6%

55–6412.5%

65+16%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

70.8%

14.8%

White70.8%

Black1.9%

Hispanic14.8%

Asian7.8%

Other4.6%

Education (25+)

14.2%

30.3%

50.6%

No HS diploma4.9%

HS diploma14.2%

Some college30.3%

Bachelor's+50.6%

Housing tenure

60.8%

39.2%

Owner60.8%

Renter39.2%

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

2021 vs 2026

How ZIP 97223 in Tigard, OR has changed in 5 years

Rent

$1,422 → $1,811

up 27.4%

Income

$96,222 → $106,757

up 10.9%

Population

50,043 → 50,527

up 1.0%

Renter share

37% → 39.2%

+2.2 pts

Bachelor's+

49.5% → 50.6%

+1.1 pts

Median age

38.9 → 40.1

+1.2 yrs

The median rent in ZIP 97223 in Tigard, OR stood at $1,422 in 2021 and currently runs about $1,811, reflecting a 27.4% increase over the period. Census figures show median household income at $106,757 today, compared with $96,222 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 50,043 residents to roughly 50,527. Renters now make up 39.2% of households, compared with 37% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 97223

Last updated: October 17, 2026

ZIP code 97223 covers Tigard, OR. The median rent here is $1,811/mo as of October 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,030/mo.

At 20% of local median household income ($106,757/yr), ZIP 97223 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97223?

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 $1,811/mo in ZIP 97223. The local median household income is $106,757/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97223?

Rent in ZIP 97223 has risen 1.2% over the past year as of September 2026. It sits 0.3% below its high of $1,816 in August 2026.

When is the cheapest time to rent in ZIP 97223?

Asking rents in ZIP 97223 are usually lowest in January, about 1.5% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $53 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 97223?

Yes. From 2019 to 2024, rent in ZIP 97223 rose 32.9% while median household income rose 28.1%, from $83,350 to $106,757. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97223 compare to other ZIPs in Oregon?

ZIP 97223 is in the middle among Oregon ZIP codes for rent, ranking #50 of 114 at $1,811/mo. Over the year to September 2026, rent in ZIP 97223 changed +1.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.