Zip Code 97229

Portland, ORWashington/Multnomah County

Real Estate Market Analysis

Q3 2025 Report
$735,000 (2025 est.)
Median Home Value
~68,000 (2025 est.)
Population
$128,000
Median Income
A (Niche, 2025)
School District Rating

Market Statistics

Property Values

$735,000 (2025 est.)
Median Home Value
$2,400/mo (2025 est.)
Median Rent
$340 (2025 est.)
Price per Sq Ft

Market Performance

Home Appreciation~4.2% YoY (2024-2025)
Market VelocityAverage days on market: 22 (2025)
Foreclosure RateLow (<0.5%)

Area Information

Area Size~30 sq mi
CountyWashington/Multnomah
Primary CityPortland

Housing Profile

Housing Statistics

Total Housing Units~22,000
Owner Occupied~70%
Rental Properties~28%
Vacant Units~2%
New ConstructionActive, especially in Bethany/NW areas; mix of single-family and townhomes

Housing Types

Single-family homesTownhomesCondominiumsLuxury homes

Demographics

~68,000 (2025 est.)
Population
39
Median Age
$128,000
Median Income
~96%
Employment Rate
High; over 60% with bachelor’s degree or higher
Education Levels
Predominantly families with children; also professionals and retirees
Family Composition

Education Quality

School District Performance

A (Niche, 2025)
District Rating
School DistrictBeaverton School District (primary); some Portland Public Schools
Test ScoresMath proficiency: 67% (vs. OR avg. 31%), Reading: 81% (vs. OR avg. 44%)
Graduation Rates~92%

Schools in Area

  • Findley Elementary (Math: 90%, Reading: 88%)
  • Forest Park Elementary (Math: 75-79%, Reading: 80-84%)
  • Jacob Wismer Elementary (Math: 78%, Reading: 81%)

Economic Factors

Employment & Business

Job Growth~2.5% YoY (2024-2025)
Unemployment Rate~4%
Business EnvironmentStrong tech and healthcare presence; proximity to Silicon Forest
Commercial ActivityGrowing retail, dining, and professional services

Major Employers

  • Intel
  • Nike
  • Providence Health
  • OHSU
  • Columbia Sportswear

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • US-26
  • TriMet bus lines
  • Proximity to MAX light rail (Hillsboro/Beaverton)

Utilities & Services

  • Portland General Electric
  • NW Natural Gas
  • City of Portland/Beaverton Water

Quality of Life

Safety & Environment

Low; property and violent crime rates well below Portland average

Excellent; green spaces, low pollution, high walkability in newer developments

Healthcare Access

  • Providence St. Vincent Medical Center
  • Kaiser Permanente Westside
  • Numerous clinics

Development Trends

Planned Developments

  • Bethany Village expansion
  • New mixed-use projects near NW Saltzman Rd

Infrastructure Projects

  • Road widening on NW 185th Ave
  • New bike lanes

Investment Outlook

Growth Outlook

Continued moderate growth; strong demand for family housing

Investment Opportunities

  • New construction
  • Luxury home flips
  • Build-to-rent townhomes

Marketing Intelligence

Target Demographics

  • Young families
  • Tech professionals
  • Move-up buyers
  • Investors

Competitive Advantages

  • Top schools
  • Safe neighborhoods
  • Modern housing stock
  • Access to major employers

Pricing Strategies

Premium pricing justified by school quality and demand; competitive for new builds

Common Objections & Response Strategies

Objection: High home prices compared to other Portland areas

Response Strategy:

Emphasize school quality, safety, and long-term appreciation

Objection: Limited nightlife/urban amenities

Response Strategy:

Highlight family-friendly environment, access to downtown via US-26

Objection: Traffic congestion during rush hour

Response Strategy:

Show proximity to major employers, flexible work options, and ongoing road improvements

Professional Recommendations

1

Leverage school performance data in marketing

2

Network with tech employers for relocation leads

3

Highlight new construction and energy-efficient features

4

Stay informed on zoning and development changes

5

Use professional photography and virtual tours to stand out

Competitive Analysis

Comparable Markets

  • 97006 (Beaverton)
  • 97223 (Tigard)
  • 97225 (Cedar Hills)

Market Positioning

Premium suburban enclave for families and professionals

Competitive Advantages

  • Higher-rated schools
  • Newer housing stock
  • Lower crime

Price Comparison

97229 commands a 10-20% premium over adjacent zip codes

Investment Metrics

~4.5% (single-family rentals, 2025)
Cap Rates
~4% gross yield
Rental Yields
~25:1
Price-to-Rent
Moderate; best for long-term appreciation
Cash Flow
4-5% annual (2025-2027)
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high prices; down payment assistance and targeting smaller townhomes recommended

Move-Up Buyers

Strong options for larger homes and new construction; equity from prior homes common

Downsizers

Limited condo inventory; some luxury townhomes appeal

Investors

Focus on new build rentals and high-demand school zones

Relocators

Emphasize community, schools, and access to tech jobs

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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