97227 Housing Market

$555,568

1.8% 1-yr

The average 97227 home value is $555,568, down 1.8% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

97227 Key Takeaways

Typical Home Values: $555,568

1-year Value Change: -1.8%

(Data through August 31, 2025)

97227 Housing Market Overview

1.8%1-year Market Forecast(August 31, 2025)

12For sale inventory(August 31, 2025)

5New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

--Median list price(August 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
97209$367,871
97208--
97259--
97255--
97212$753,229
97204--
97272--
97232$623,690
97205$492,395

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97227 Rental Market Trends

$1,560Average rent in 97227(August 31, 2025)

$2,007National average rent(August 31, 2025)

-0.8%Month-over-month change(August 31, 2025)

0.4%Year-over-year change(August 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.