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ZIP Code · OR

ZIP 97223

Part of Tigard, OR
Pop. 50,527·Washington County·22nd most expensive ZIP in Oregon
Median rent (all units)
$2,017/mo
Year-over-Year
+6.8%
Month-over-Month
+2.4%
vs US Median
+$52
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97223 · $2,017
More expensive than 61% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$24,204/yr
At $2,017/mo median
Location
CityTigard
StateOR
CountyWashington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.8% YoY, +2.4% 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
$1,450 → $2,017
up 39.1%
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 $1,450 in 2021 and currently runs about $2,017, reflecting a 39.1% 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

Tips for renters in ZIP 97223

About renting in ZIP 97223

Last updated: July 20, 2026

ZIP code 97223 covers Tigard, OR. The median rent here is $2,017/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,030/mo.

At 23% of local median household income ($106,757/yr), ZIP 97223 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97223?

As of July 20, 2026, the median monthly rent in ZIP 97223 (Tigard, OR) is $2,017. This is based on aggregated data from public sources and community submissions.

How does ZIP 97223 rent compare to the US average?

ZIP 97223's median rent of $2,017/mo is $52 (3%) above the US national median of $1,965/mo.

How does ZIP 97223 compare to other ZIPs in Oregon?

ZIP 97223 is one of the pricier ZIP codes in Oregon, ranking #22 out of 116 ZIPs tracked at $2,017/mo.

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 $81,000/year (~$39/hour full-time) to afford the median rent of $2,017/mo in ZIP 97223. The local median household income is $106,757/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97223?

Rent in ZIP 97223 has increased 6.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97223 an affordable place to rent?

ZIP 97223 is considered very affordable for renters. At $2,017/mo, rent takes approximately 23% of the local median household income ($106,757/yr). The standard benchmark is 30%. ZIP 97223 falls comfortably within that range.

What percentage of ZIP 97223 residents rent vs. own?

According to Census data, approximately 39.2% of ZIP 97223 households are renters, while 60.8% are owner-occupied. ZIP 97223 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97223 compare to the rest of Tigard?

ZIP 97223 is pricier than Tigard as a whole. At $2,017/mo, it's $122 above the Tigard citywide median of $1,895/mo.

When was rent data for ZIP 97223 last updated?

Rent data for ZIP 97223 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,017/mo, rent takes ~23% of ZIP 97223's median household income ($106,757/yr). The standard benchmark is 30%.

ZIP 97223 23%Benchmark 30%
State income tax4.75–9.9%
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