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Sarah Mitchell
Compass Real Estate · ZIP 97062
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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97062 ZIP Code Housing Market
$595,000median sale price
What is the 97062 housing market like right now?
The median home sale price in ZIP code 97062 is $595,000, down 4.0% year-over-year. Homes sell in an average of 29 days with 53 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 97062 ZIP code a buyer's or seller's market?
ZIP code 97062 is currently a balanced market and homes selling in about 29 days. How we determine this →
What are the latest 97062 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $595,000 |
| Median list price | $625,000 |
| Year-over-year price change | -4.0% |
| Average days on market | 29 days |
| Active inventory | 53 listings |
| Sale-to-list price ratio | 100.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 97062 zip code, located in Tualatin, OR, is currently classified as a balanced market. The median sale price stands at $595,000, representing a -4.0% change year over year. Homes in this area spend an average of 29 days on the market before going under contract. There are currently 53 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 97062 sits in the Tualatin, OR area, roughly 1 miles from downtown Tualatin. Because home prices are set street by street, this ZIP can move differently from Tualatin's citywide averages. The figures below reflect 97062 specifically — drawn from Redfin transactions, U.S. Census data for its 28,930 residents, and Zillow value estimates.
Homes sold
101
Last 12 weeks
Days on market
29
Average pace
Active listings
53
Sale-to-list
100.5%
Above asking
What is driving the 97062 housing market?
The 97062 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 97062 have declined -4.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 97062 stands at $641,738, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,853 per month. This gives a price-to-rent ratio of approximately 28.9, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 97062?
Population
28,930
Median income
$105,407/yr
Median age
38.7 years
Owner-occupied
58.5%
College grads
47.4%
Avg commute
22.76 min
What is it like living in 97062?
Zip code 97062 is home to approximately 28,930 residents. The median household income is $105,407 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 58.5% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 47.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 22.76 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 97062.
Which public schools serve ZIP 97062?
6 schools tracked · 4,125 students
The largest public schools serving ZIP code 97062 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Tualatin High School
Grades 9-12 · 1,756 students
Hazelbrook Middle School
Grades 6-8 · 831 students
Bridgeport Elementary School
Grades K-5 · 482 students
Tualatin Elementary School
Grades PK-5 · 412 students
Edward Byrom Elementary School
Grades PK-5 · 404 students
Multi-sensory Instruction Teaching Children Hands-On (MITCH)
Grades K-5 · 240 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 97062
What is the median home price in 97062?
The current median sale price in 97062 is $595,000, based on recent Redfin transaction data. Prices have changed -4.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 97062 a buyer's or seller's market?
The 97062 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 97062?
Zip code 97062 has a population of approximately 28,930 residents. The median household income is $105,407 per year. About 58.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 97062?
Properties Incorporated provides comprehensive data for 97062 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 97062 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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