Home Values

97230 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$229,000

  • 5.3% 1-year change
  • 4.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

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Buyers' Market
Sellers' Market

The median home value in 97230 is $229,000. 97230 home values have gone up 5.3% over the past year and Zillow predicts they will rise 4.9% within the next year. The median list price per square foot in 97230 is None.

Foreclosures will be a factor impacting home values in the next several years. In 97230 6.3 homes are foreclosed (per 10,000). This is greater than the Portland Metro value of 5.1 and also greater than the national value of 3.0

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 97230 homeowners underwater on their mortgage is 12.7%, which is higher than Portland Metro at 10.9%.

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Relative ZHVI
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97230 Market Overview

Data through Mar 31, 2015
  • $229,000 ZHVI
  • 4.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $223,950 Median sale price
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97230 Market Health

Data through Mar 31, 2015
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 12.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

6.3 homes 97230
5.1 homes Portland Metro
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
98683 $261,500
97024 $227,100
98684 $208,600
Name Median ZHVI
97216 $206,000
97220 $202,100
97030 $201,000
Name Median ZHVI
97236 $195,200
97266 $179,900
97233 $179,500

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $170 Median sale price / sq ft
  • No data Listings with price cut
15.1%
Sold below listing
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97230 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,541 97230
    $1,602 Portland Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.05 Rent list price / sq ft
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