Real Estate Investing in Hillsboro, Oregon (97124)
Should you buy in 97124 (Hillsboro, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Hillsboro, OR (97124)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97124 Hillsboro
ZIP 97124 in Hillsboro, OR carries a significant set of headwinds. Home values near $543K and rents of $1,853/mo sit inside a market where underwriting has to be tight.
The investment case in 97124 is sturdy only for operators who understand what they are buying. A $543K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OR picture, 97124 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 97124 includes headwinds that any investor should price in. Income distribution skews lower than Hillsboro averages, and tenant stability requires active management.
The right play in 97124 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hillsboro:
Property Strategy for 97124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $294,893 | $1,970 | 4.8% | +1.9% | $294,893 |
| 2BR | $399,111 | $2,260 | 4.1% | +3.2% | $199,556 |
| 3BR | $510,128 | $3,080 | 4.3% | +4.6% | $170,043 |
| 4BR | $612,586 | $3,660 | 4.3% | +4.9% | $153,146 |
| 5BR | $696,881 | — | — | +5.2% | $139,376 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97124 Compare?
| Metric | 97124 | Hillsboro | Oregon |
|---|---|---|---|
| Home Value | $542,510 | $534,249 | $493,884 |
| 5-Year CAGR | 3.0% | 2.7% | 4.9% |
| Avg Rent | $1,853 | $2,106 | - |
| Cap Rate | 2.7% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97124 (Hillsboro, OR). Anonymous, moderated, never written by AI.
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Property managers serving Washington County
Manage rentals here? List your business →Shamrock Community & Property Management offers Community Association Management services. summary from their website
PreciseRentals.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $542,510 |
| Monthly Rent | $1,853 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97124
Population: 54,351
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97124
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,283 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Hillsboro, OR?
Hillsboro, OR rentals go for roughly $1,853/mo a month. That puts gross yield in solid territory relative to $543K acquisition costs.
Is the tenant base reliable in Hillsboro, OR?
Hillsboro, OR offers a predictable renter base at the $1,853/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Hillsboro, OR a good place for real estate investing?
The 3.0/5 investability rating in Hillsboro, OR reflects its $543K prices and $1,853/mo rents. Investors generally consider it a solid option within OR.
Is Hillsboro, OR suited for a house hack?
House hacking works a challenging in Hillsboro, OR. Rents of $1,853/mo against $543K acquisition make the strategy solid for owner-occupants.
Should investors worry about vacancy in Hillsboro, OR?
Vacancy risk in Hillsboro, OR is elevated. That supports measured cash flow for typical rental holds.
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