97123 — Hillsboro, OR Home Values
Typical home value $524,858 as of June 2026 · 68th of 120 in Portland-Vancouver-Hillsboro, OR-WA
Blue: typical home value (Zillow ZHVI) in ZIP code 97123, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97123 compares in the Portland-Vancouver-Hillsboro, OR-WA area
ZIP code 97123 (Hillsboro, OR) has a typical home value of $524,858 as of June 2026, ranking 68th of 120 ZIP codes tracked in the Portland-Vancouver-Hillsboro, OR-WA area, more expensive than about 44% of ZIP codes in the metro. Prices here have moved -3.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +7.2%, from $489,674 in June 2021 to $524,858 in June 2026. Against observed rent, the typical home here sells for 18.7× the annual rent ($2,339/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Portland-Vancouver-Hillsboro, OR-WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Portland.
Population and demographics
ZIP code 97123 has a population of 48,622, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.5% White, 27.8% Hispanic or Latino, 9.1% Asian, 5.4% two or more races, 1.9% Black or African American, 0.5% another race, 0.4% American Indian or Alaska Native, and 0.4% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Farmington View Elementary School | 8300 SW Hillsboro Hwy, Hillsboro, OR | 1.3 mi |
| Groner K-8 | 23405 SW Scholls Ferry Rd, Hillsboro, OR | 3.3 mi |
| Hillsboro High School | 3285 SE Rood Bridge Rd, Hillsboro, OR | 3.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 97123?
$524,858 as of June 2026, the latest month Zillow has published observed data for.
Is 97123 an expensive ZIP code in the Portland-Vancouver-Hillsboro, OR-WA area?
97123 ranks 68th of 120 ZIP codes in the Portland-Vancouver-Hillsboro, OR-WA area by typical home value, more expensive than about 44% of ZIP codes in the metro.
How much have home values in 97123 changed over the past year?
-3.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97123?
The typical home price is 18.7× the observed annual rent in this ZIP code ($2,339/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97123?
48,622, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97123?
Farmington View Elementary School (1.3 mi), Groner K-8 (3.3 mi), Hillsboro High School (3.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 97123?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Portland-Vancouver-Hillsboro, OR-WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.