ZIP 97035

97035 is one of 24 ZIP codes that lie mostly in Clackamas County, OR — 88% of its own area is in the county.

Shaded by typical home value, it ranks 4 of the 24 with a value.

4 school locations in 97035: 3 elementary, 1 middle.

In alphabetical order: Lake Grove Elementary School, Lakeridge Middle School, Oak Creek Elementary School, River Grove Elementary School. Locations only — no ratings are shown here.

In January 2000 the typical home in 97035 was worth $234,409.

Values peaked at $745,816 in February 2025. The latest reading is −0.5% from that peak.

As of August 2026: $741,964, +1.4% over twelve months.

Start with the typical home: $741,964. Put 20% down and borrow $593,571 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $4,110 a month in principal and interest.

The median household here earns $126,866 a year, $10,572 a month. So the payment takes 38.9% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 12.3% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,404.

In December 2020, with rates at 2.68%, it was $1,861.

By August 2026, at 6.67%, it was $3,817 — +105% since December 2020, while the home's value moved +29%.

Reported values rose +217% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $462,630. So the real change is +60%, not +217%.

97035: +217% since January 2000.

Clackamas County: +196% since January 2000.

Oregon: +225% since January 2000 — 97035 ran behind it by 9 points.

Against 400 Oregon ZIP codes, 97035 sits at the 52nd percentile for affordability (price vs local income).

66th for appreciation (recent value growth); 43rd for rental yield (rent vs price).

Owning the typical home costs about $4,852 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,088 a month.

Price divided by a year's rent: 29.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 50 a month (Redfin, 3-month rolling data through August 2026). That is 73% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 148.

Going out — closed sales: about 41 a month. That is 70% of the 2015–2019 level for the same months. The drain is drawn 44% narrower: the share of homes for sale that sell each month is 56% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 3.6 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 10 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 41 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 46 — so sales ran at 89% of it, and below it in 24 of the last 24 months.

Across Clackamas County, builders pulled permits for 1,235 new homes in 2025.

Of those, 78% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Clackamas County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 9,363 moved in. Among the ten receiving the most, 8,764 moved out.

Net across those counties: +599 households. Beside it, homes for sale in this ZIP: 148 in June 2026.

Most arrivals came from Multnomah, OR (4,847 households); most departures went to Multnomah, OR (3,825).