ZIP Code · OR

ZIP 97224

Part of Tigard, OR

Pop. 36,569·Washington County·47th most expensive ZIP in Oregon

Median rent (all units)

$1,836/mo

Year-over-Year

Stable

Month-over-Month

Stable

vs US Median

-$96

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97224 · $1,836

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

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Medians by bedroom

Rent by unit size

Studio

$1,590

1 BR

$1,700

2 BR

$1,950

3 BR

$2,660

4 BR+

$3,150

Research median

$1,950/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 97224 usually run 1.7% below trend in January and 1.6% above it in August, about $61 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 97224 is 0.9% below its high of $1,853 in November 2024, at $1,836 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97224 changed +0.1% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($98,125) is $2,453 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,950); a 3-bedroom is $2,660.

Cheaper nearby

ZIP 97201, 9 miles away, rents for 14% less ($1,588/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97224. 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

$22,032/yr

At $1,836/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 (+0.1% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 97224 (Tigard, OR) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.9% of residents hold a bachelor's degree or higher.

Population

36,569

Median income

$98,125

Median age

45.9

Renters

30%

Age distribution

19.6%

16.5%

25.2%

12.4%

26.4%

Under 1819.6%

18–3416.5%

35–5425.2%

55–6412.4%

65+26.4%

Gender

46.5%

53.5%

Male46.5%

Female53.5%

Race & ethnicity

75.6%

White75.6%

Black2.3%

Hispanic11%

Asian6.7%

Other4.4%

Education (25+)

13.9%

30.9%

49.9%

No HS diploma5.2%

HS diploma13.9%

Some college30.9%

Bachelor's+49.9%

Housing tenure

70%

30%

Owner70%

Renter30%

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

2021 vs 2026

How ZIP 97224 in Tigard, OR has changed in 5 years

Rent

$1,508 → $1,836

up 21.8%

Income

$83,604 → $98,125

up 17.4%

Population

37,059 → 36,569

down 1.3%

Renter share

31.3% → 30%

-1.3 pts

Bachelor's+

46.5% → 49.9%

+3.4 pts

Median age

43.6 → 45.9

+2.3 yrs

Compared with 2021, rent in ZIP 97224 in Tigard, OR has climbed by $328 per month, settling near $1,836 after starting the period at $1,508. Median household income grew from $83,604 to $98,125 between 2021 and 2024, a 17.4% shift. Rent outpaced income growth by roughly 4.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 37,059 to 36,569 between 2021 and 2024, a 1.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.5% to 49.9%. Taken together, the five-year picture in ZIP 97224 in Tigard, OR reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 97224

Last updated: October 17, 2026

ZIP code 97224 covers Tigard, OR. The median rent here is $1,836/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $1,950/mo.

At 22% of local median household income ($98,125/yr), ZIP 97224 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97224?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,836/mo in ZIP 97224. The local median household income is $98,125/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97224?

Rent in ZIP 97224 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 0.9% below its high of $1,853 in November 2024.

When is the cheapest time to rent in ZIP 97224?

Asking rents in ZIP 97224 are usually lowest in January, about 1.7% below their yearly trend, and highest in August, about 1.6% above it. At today's median that is a gap of roughly $61 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 97224 compare to other ZIPs in Oregon?

ZIP 97224 is in the middle among Oregon ZIP codes for rent, ranking #47 of 114 at $1,836/mo. Over the year to September 2026, rent in ZIP 97224 changed +0.1%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.