97040 Housing Market

$610,664

4.1% 1-yr

The average 97040 home value is $610,664, down 4.1% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

97040 Key Takeaways

Typical Home Values: $610,664

1-year Value Change: -4.1%

(Data through August 31, 2025)

97040 Housing Market Overview

1.0%1-year Market Forecast(August 31, 2025)

13For sale inventory(August 31, 2025)

--New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

--Median list price(August 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
97044--
97031$697,374
98617$430,227
98635$504,190
98651$827,565
97058$389,666
98672$701,256
98602$348,036
98673$182,184

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97040 Rental Market Trends

--Average rent in 97040

$2,007National average rent(August 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.