Real Estate Investing in Tigard, Oregon (97224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97224 (Tigard, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.2 — hard to cash-flow at these prices.
What’s happening in Tigard, OR (97224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97224 Tigard
ZIP 97224 inside Washington County looks affordable on the surface — median value of $606K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 97224 is solid only for operators who understand what they are buying. A $606K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 97224's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 97224 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97224 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Tigard:
Property Strategy for 97224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $208,018 | $1,700 | 5.9% | +2.5% | $208,018 |
| 2BR | $394,359 | $1,950 | 3.6% | +3.8% | $197,180 |
| 3BR | $566,839 | $2,660 | 3.4% | +4.8% | $188,946 |
| 4BR | $692,198 | $3,150 | 3.3% | +5.1% | $173,050 |
| 5BR | $786,186 | — | — | +5.3% | $157,237 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97224 Compare?
| Metric | 97224 | Tigard | Oregon |
|---|---|---|---|
| Home Value | $606,342 | $598,683 | $493,884 |
| 5-Year CAGR | 2.0% | 2.1% | 4.9% |
| Avg Rent | $1,794 | $1,867 | - |
| Cap Rate | 2.3% | 2.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97224 (Tigard, OR). Anonymous, moderated, never written by AI.
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Property managers serving Washington County
Manage rentals here? List your business →Shamrock Community & Property Management offers Community Association Management services. summary from their website
PreciseRentals.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $606,342 |
| Monthly Rent | $1,794 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | -5.2% ▼ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97224
Population: 36,015
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97224
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Metzger Elementary School
Tigard-Tualatin Virtual Academy
Charles F Tigard Elementary School
Thomas R Fowler Middle School
Mary Woodward Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How tight is the rental market in Tigard, OR?
Rental vacancy in Tigard, OR is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in Tigard, OR?
The renter base in Tigard, OR is reasonable for the $1,794/mo price point. Screening well and pricing to market typically yields steady tenants.
What do rentals go for in Tigard, OR?
The typical rental in Tigard, OR commands about $1,794/mo monthly. That rent profile measured cash flow against the $606K purchase basis.
Is house hacking profitable in Tigard, OR?
Tigard, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,794/mo rent level.
Is real estate in Tigard, OR a good investment right now?
With a 3.0/5 investability score, Tigard, OR ranks as a solid market for rental property investors. Median prices of $606K and rents of $1,794/mo drive the underlying numbers.
You know 97224 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97224 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 97224 ranks in Portland-Vancouver-Hillsboro, OR-WA
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