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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −1.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −9.5% YoY, is the number to watch.
The median listing price is down 1.6% YoY while the median home got down 6.6% bigger, so value per square foot is down 8.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $499K purchase rents for $1,685/mo: 0.34% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 36 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 97222 itself, not its parent county.
Renters hold 43.7% of this ZIP's 15,924 occupied households, on a median household income of $83K.
| Measure | ZIP 97222 | Clackamas County | Difference |
|---|---|---|---|
| Median Household Income | $83K | $104K | -$20K |
| Below Poverty Level | 9.2% | 7.7% | +1.5% |
| Median Age | 41.00 | 42.30 | -1.30 |
| Total Population | 36,398 | 423,975 | -- |
| Avg Household Size | 2.26 | 2.56 | -0.30 |
| Owner-Occupied | 56.3% | 70.7% | -14.3% |
| Worked From Home | 22.9% | 20.9% | +2.0% |
| Mean Commute | 25.20 | 26.50 | -1.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 423,975: residents under 18 are down 0.9% and those 65 and over are up 3.2%.
County median household income is $104K, 7.7% of residents are below the poverty level, 20.9% work from home.