ZIP 97229

97229 is one of 23 ZIP codes that lie mostly in Washington County, OR — 62% of its own area is in the county.

Shaded by typical home value, it ranks 2 of the 20 with a value.

14 school locations in 97229: 8 elementary, 4 middle, 2 high.

In alphabetical order: Bonny Slope Elementary School, Cedar Mill Elementary School, Findley Elementary, Forest Park Elementary School, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 97229 was worth $255,172.

Values peaked at $789,237 in July 2022. The latest reading is −7.9% from that peak.

As of August 2026: $726,751, −2.5% over twelve months.

Start with the typical home: $726,751. Put 20% down and borrow $581,401 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $4,026 a month in principal and interest.

The median household here earns $159,863 a year, $13,322 a month. So the payment takes 30.2% of income — rated “stretched” (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 10.6% 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 $1,528.

In December 2020, with rates at 2.68%, it was $1,954.

By August 2026, at 6.67%, it was $3,739 — +91% since December 2020, while the home's value moved +20%.

Reported values rose +185% 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 $503,608. So the real change is +44%, not +185%.

97229: +185% since January 2000.

Washington County: +203% since January 2000.

Oregon: +225% since January 2000 — 97229 ran behind it by 41 points.

Against 400 Oregon ZIP codes, 97229 sits at the 86th percentile for affordability (price vs local income).

6th for appreciation (recent value growth); 48th for rental yield (rent vs price).

Owning the typical home costs about $4,752 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,201 a month.

Price divided by a year's rent: 27.5. 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 125 a month (Redfin, 3-month rolling data through August 2026). That is 77% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 318. That is 113% of the 2015–2019 level for the same months.

Going out — closed sales: about 93 a month. That is 66% of the 2015–2019 level for the same months. The drain is drawn 49% narrower: the share of homes for sale that sell each month is 51% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 3.4 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 32 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 93 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 128 — so sales ran at 73% of it, and below it in 24 of the last 24 months.

Across Washington County, builders pulled permits for 1,886 new homes in 2025.

Of those, 87% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Washington County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 9,938 moved in. Among the ten receiving the most, 11,114 moved out.

Net across those counties: −1,176 households. Beside it, homes for sale in this ZIP: 318 in June 2026.

Most arrivals came from Multnomah, OR (4,496 households); most departures went to Multnomah, OR (4,318).