Tigard, OR 97224 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Tigard, OR—97224

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$610,000

2.9% YoY Growth

Household Income

$94,500

26.8% YoY Growth

Days on Market

7.0% Shorter YoY

Home Price Forecast

-2.2%

Median Rent

$2,400

9.3% YoY Growth

1-Bed Rent

$1,500

7.1% YoY Growth

2-Bed Rent

$1,500

17.6% YoY Growth

3-Bed Rent

$2,800

1.3% YoY Growth

Home Price Trends — Tigard, OR

As of May '26, the median home price in Tigard, OR is $610,000, with a year-over-year change of -2.9%. This indicates that home prices in Tigard, OR are decreasing. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$610,000	-2.9%
Single Family	$627,000	-2.9%
Condos	$274,000	-5.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

10.9%

1 Bedroom

33.5%

2 Bedrooms

40.4%

3 Bedrooms

10.6%

4 Bedrooms

2.9%

5+ Bedrooms

1.7%

Property Listings — Tigard, OR

As of May '26, Realtor.com reports that the median days on market for a home in Tigard, OR is 45. This is a decrease of -7.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$650,000	1.0%
Listing Count	216	-19.0%
Listings as % of Homes	0.8%	-19.0%
Days on Market	45	-7.0%

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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%

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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%

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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%

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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

Tigard, OR—97224

Key Metrics at a Glance

Home Price Trends — Tigard, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tigard, OR

% of Rental Stock

Property Listings — Tigard, OR

Demographics — Tigard, OR

Race and Ethnicity

Mortgage and Risk — Tigard, OR

Mortgages

Rentals and Section 8 — Tigard, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Tigard, OR

Home Price to Income Ratio

Tigard, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Garden Home, Tigard, OR

Tualatin, OR

Beaverton, OR

Lake Oswego, OR

Beaverton, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.6
Median Home Price	$610,000
Median Household Income	$94,500

Tigard, OR—97224

Key Metrics at a Glance

Home Price Trends — Tigard, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tigard, OR

% of Rental Stock

Property Listings — Tigard, OR

Demographics — Tigard, OR

Race and Ethnicity

Mortgage and Risk — Tigard, OR

Mortgages

Rentals and Section 8 — Tigard, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Tigard, OR

Home Price to Income Ratio

Tigard, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Garden Home, Tigard, OR

Tualatin, OR

Beaverton, OR

Lake Oswego, OR

Beaverton, OR

Frequently Asked Questions

What is the average home price in Tigard, OR 97224?

How have home prices in Tigard, OR 97224 changed over the past year?

What is the home price projection for Tigard, OR 97224?

What are the demographics of Tigard, OR 97224?

How long does it take homes to sell in Tigard, OR 97224?

What is the average rent price in Tigard, OR 97224?