The story of this market
The typical home in ZIP 97003 sells for about $452,366, or $345 per square foot.
Prices are down 13.8% from a year ago, which gives buyers more room to negotiate. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,040 a month.
ZIP 97003 — Beaverton
The 97003 housing market is currently experiencing a price correction with a 13.8% year-over-year decline in median sale price to $452,366. While sales volume has increased, the market remains competitive with a short median time on market of 19 days. Several metrics, including specific tax rates and detailed utility providers, were not determinable at the ZIP level.
This ZIP is best suited for experienced real estate operators who can manage tenant screening and maintenance risks, as the market metrics run below county averages. It is less ideal for new investors seeking stable, low-risk entry points.
Median prices moved down 13.8% year over year.
Homes spend a median of 19 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 97003, Washington County OR
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
The rental market in 97003 shows signals that favor experienced operators, with average rents around $2,040 and a cap rate of 3.3%. Tenant stability and rent collection are influenced by local income levels which sit below the county median.
The area is part of the broader Beaverton economy, which is influenced by the regional tech and manufacturing sectors in Washington County.
Data retrieved from ZCTA-level census reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.