Garden Home, Tigard, OR—97223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden Home, Tigard, OR
As of Oct '25, the median home price in Garden Home, Tigard, OR is $582,000, with a year-over-year change of -1.6%. This indicates that home prices in Garden Home, Tigard, OR are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $582,000 | -1.6% |
| Single Family | $590,000 | -2.0% |
| Condos | $269,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | -8.6% |
2 Bed | $383,000 | -3.0% |
3 Bed | $548,000 | -1.4% |
4 Bed | $670,000 | -2.6% |
| 5 Bed | $778,000 | -2.7% |
% of Housing Stock
Rental Trends — Garden Home, Tigard, OR
As of July '25, Rentcast reports the average rent in Garden Home, Tigard, OR is $2,040, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Garden Home, Tigard, OR is studios: $1,620, 1-bedrooms: $1,640, 2-bedrooms: $1,810, 3-bedrooms: $3,140, 4-bedrooms: $3,450. The most common rental property sizes in Garden Home, Tigard, OR are 2-bedroom and 1-bedroom, accounting for 42.1% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $2,040 |
| Studio Rent | $1,520 | $1,620 |
| 1 Bed Rent | $1,530 | $1,640 |
| 2 Bed Rent | $1,700 | $1,810 |
| 3 Bed Rent | $2,800 | $3,140 |
| 4 Bed Rent | $3,400 | $3,450 |
% of Rental Stock
Property Listings — Garden Home, Tigard, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Garden Home, Tigard, OR is 52. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | -5.0% |
Listing Count | 166 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 52 | 11.0% |
Demographics — Garden Home, Tigard, OR
As of the latest ACS Survey released in 2023, Garden Home, Tigard, OR has a population of 50,200, which has increased by 1.4% over the past 5 years. Garden Home, Tigard, OR is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,200 | 1.4% |
% Under 18 | 19.8% | -7.5% |
% Seniors | 14.9% | 8.8% |
% WFH | 25.9% | 286.6% |
% w/ College Degree | 50.1% | 8.4% |
As of the latest ACS Survey released in 2023, Garden Home, Tigard, OR is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Garden Home, Tigard, OR is hispanic, making up 13.7% of the population. Foreign-born residents account for 12.6% of the population in Garden Home, Tigard, OR, and this percentage has decreased by 8.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.4% | -12.5% |
% Black | 1.5% | 50.0% |
% Hispanic | 13.7% | 45.7% |
% Asian | 7.9% | 14.5% |
% Foreign Born | 12.6% | -8.0% |
Mortgage and Risk — Garden Home, Tigard, OR
According to HUD data as of 2023, there were 950 mortgage originations in Garden Home, Tigard, OR, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Garden Home, Tigard, OR. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 950 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Garden Home, Tigard, OR
As of 2024, the percent of homes in Garden Home, Tigard, OR under the Section 8 program is 4.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Garden Home, Tigard, OR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 505 |
Total Units Section 8 | 505 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,530 | $1,760 |
| 2 Bedroom | $310 | $1,700 | $2,010 |
| 3 Bedroom | -$40 | $2,800 | $2,760 |
| 4 Bedroom | -$160 | $3,400 | $3,240 |
Affordability — Garden Home, Tigard, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $582,000 |
| Median Household Income | $108,000 |