Tigard, OR—97224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tigard, OR
As of Oct '25, the median home price in Tigard, OR is $601,000, with a year-over-year change of -1.8%. This indicates that home prices in Tigard, OR are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $601,000 | -1.8% |
| Single Family | $618,000 | -1.9% |
| Condos | $276,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $208,000 | -7.6% |
2 Bed | $394,000 | -1.7% |
3 Bed | $567,000 | -1.9% |
4 Bed | $692,000 | -2.5% |
| 5 Bed | $786,000 | -2.5% |
% of Housing Stock
Rental Trends — Tigard, OR
As of July '25, Rentcast reports the average rent in Tigard, OR is $2,640, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Tigard, OR is 1-bedrooms: $1,510, 2-bedrooms: $1,640, 3-bedrooms: $2,980, 4-bedrooms: $4,210. The most common rental property sizes in Tigard, OR are 2-bedroom and 1-bedroom, accounting for 40.4% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,510 |
| 2 Bed Rent | $1,500 | $1,640 |
| 3 Bed Rent | $2,800 | $2,980 |
| 4 Bed Rent | $3,700 | $4,210 |
% of Rental Stock
Property Listings — Tigard, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Tigard, OR is 53. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $674,000 | 0.0% |
Listing Count | 207 | -13.0% |
| Listings as % of Homes | 0.8% | -13.0% |
Days on Market | 53 | -6.0% |
Demographics — Tigard, OR
As of the latest ACS Survey released in 2023, Tigard, OR has a population of 36,000, which has increased by 4.0% over the past 5 years. Tigard, OR is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 48.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | 4.0% |
% Under 18 | 19.3% | -11.1% |
% Seniors | 24.8% | 19.8% |
% WFH | 25.6% | 220.0% |
% w/ College Degree | 48.4% | 3.6% |
As of the latest ACS Survey released in 2023, Tigard, OR is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Tigard, OR is hispanic, making up 10.5% of the population. Foreign-born residents account for 13.2% of the population in Tigard, OR, and this percentage has increased by 12.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.4% | -3.7% |
% Black | 2.7% | 68.8% |
% Hispanic | 10.5% | 10.5% |
% Asian | 7.6% | 8.6% |
% Foreign Born | 13.2% | 12.8% |
Mortgage and Risk — Tigard, OR
According to HUD data as of 2023, there were 723 mortgage originations in Tigard, OR, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Tigard, OR. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 723 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Tigard, OR
As of 2024, the percent of homes in Tigard, OR under the Section 8 program is 5.0%. 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 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 | 144 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,500 | $1,680 |
| 2 Bedroom | $420 | $1,500 | $1,920 |
| 3 Bedroom | -$170 | $2,800 | $2,630 |
| 4 Bedroom | -$610 | $3,700 | $3,090 |
Affordability — Tigard, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $601,000 |
| Median Household Income | $94,500 |