Beaverton Home Prices: $517K, Down 2.6% — 6 ZIPs Analyzed (2026)

Prices dropped for the tenth straight month in Beaverton. The median home now sits at $516,619 — down 2.6% from a year ago and a far cry from the $610,915 peak at the top of the range in early 2025. For buyers who’ve been waiting, the math is starting to shift.

Quick answer: The average home price in Beaverton, OR is $516,619 as of February 2026, down 2.6% year over year according to Zillow.

Current Home Prices in Beaverton

That 2.6% annual decline works out to roughly $13,500 in lost value on a typical Beaverton home. The slide has been gradual — no cliff, just a slow grind lower month after month since March 2025.

The spread between the cheapest and most expensive ZIPs is about $112,000. That gap matters if you’re flexible on neighborhood. A buyer in 97003 pays $480,559 for a typical home. Cross into 97007 and you’re looking at $592,498 — a 23% premium for the same city.

Beaverton sits in the Portland-Vancouver-Hillsboro metro, where broader market softness has pushed prices down across multiple suburbs. The city isn’t collapsing. It’s correcting.

Beaverton Home Prices by Neighborhood

Most Expensive

97007 leads at $592,498, sitting 15% above the city median — and it commands the highest rents too at $1,981/month. 97008 follows at $557,905, though its rents are actually the lowest in the city at $1,727, making it an interesting value play for landlords. 97006 rounds out the top three at $497,172, closer to the city average.

Most Affordable

97003 is Beaverton’s cheapest ZIP at $480,559, about 7% below the city median — but its rents are surprisingly high at $1,886, second only to 97007. 97005 is nearly identical at $481,626 with lower rents of $1,747. 97078 comes in at $489,954 with rents of $1,777.

One oddity in the data: 97003 has the lowest home prices but the second-highest rents. That gap between purchase price and rental income could make it attractive for investors.

Rent vs Buy in Beaverton

Renting wins on monthly cost right now. Here’s the math.

A buyer purchasing at the $516,619 median with 20% down ($103,324) finances $413,295. At a 7% mortgage rate over 30 years, the principal and interest payment alone runs about $2,750 per month. Add property taxes, insurance, and maintenance, and you’re well above $3,000.

Meanwhile, rents across Beaverton’s six ZIP codes range from $1,727 to $1,981.

Even in 97003, the cheapest ZIP to buy in, renting saves you $669 per month. That $8,000+ per year in savings could go toward a down payment — or into investments that aren’t losing 2.6% annually.

The counterargument: you build equity when you buy, and mortgage payments are fixed while rents can rise. But with prices falling, your equity isn’t growing. It’s shrinking.

Population Growth and Migration

Beaverton’s population hit 98,302 in 2024. That’s up just 0.8% from 97,558 in 2020 — a near-flat trajectory in a state where other cities have grown much faster.

The city actually lost residents in 2022, dropping below 2020 levels before slowly recovering. It took until 2024 to get back above its 2021 peak.

Compare that to other Oregon cities:

Beaverton’s growth rate is the slowest on this list. Bend grew nine times faster. Even neighboring Hillsboro, just minutes away, added residents nearly four times as quickly.

Slow population growth means less pressure on housing demand. That’s one reason prices are softening while other Oregon markets hold up better.

Beaverton Housing Market Trends

The decline tells a clear story. From $530,152 in March 2025 to $516,619 in February 2026 — a loss of $13,533, or about $1,128 per month.

The pace isn’t accelerating, though. The biggest monthly drops came in spring and summer 2025: May to June alone shed $2,422. By contrast, the last three months (December through February) each dropped less than $1,000. The market is still falling, but the descent is flattening.

All six ZIP codes moved in the same direction. The most expensive ZIP (97007) dropped from $610,915 to $592,498. The cheapest (97003) fell from $492,566 to $480,559. Nobody was spared.

Is Beaverton a Good Place to Buy in 2026?

The numbers favor patience. Prices are falling at 2.6% annually, renting is significantly cheaper than buying, and population growth is essentially flat.

For buyers, that’s actually encouraging — if you wait, you’ll likely pay less. The $112,000 spread between the cheapest and most expensive ZIPs also means you have options within the same city.

A few things working in Beaverton’s favor: it’s part of the Portland metro with access to the tech employers along the Highway 26 corridor. It has stable (if not growing) population. And the decline is orderly — no panic selling, just a slow repricing.

If you’re buying to live in for 7-10 years, falling prices mean a better entry point. If you’re an investor expecting quick appreciation, the data says look elsewhere.

Beaverton Housing Market Outlook for 2026-2027

The 12-month trend shows a decelerating decline. Monthly drops shrank from $2,000+ in spring 2025 to under $1,000 by late fall. If the current pace continues, prices could stabilize by mid-to-late 2026.

The three-month trend (December to February) shows the average dropping about $650 per month. At that rate, the median would drift toward $510,000 by summer 2026 — but seasonal buying activity could slow or even pause the decline temporarily, as it often does in spring and early summer.

Nothing in the data suggests a sharp rebound. Population isn’t surging. The decline has been steady, not volatile. The most likely scenario is a slow drift lower through 2026, with prices finding a floor somewhere in the low $500,000s.

Similar Markets in OR

Buyers exploring Beaverton may want to compare nearby Oregon markets:

• Portland — Beaverton’s larger neighbor and the metro anchor, offering a wider range of price points and neighborhoods.
• Salem — The state capital about 45 minutes south, typically more affordable than the Portland metro.
• Eugene — A college town in the Willamette Valley with a different market profile and lower price expectations.
• Bend — Central Oregon’s fastest-growing city at 7.3% population growth, drawing outdoor recreation buyers.

Frequently Asked Questions

What is the average home price in Beaverton?

The median home value in Beaverton is $516,619 as of February 2026. Prices vary widely by ZIP code, from $480,559 in 97003 to $592,498 in 97007. The city-wide figure represents a typical home in the 35th to 65th percentile range.

Are home prices going up or down in Beaverton?

Down. Beaverton home values fell 2.6% year over year, dropping from $530,152 in March 2025 to $516,619 in February 2026. The decline has been steady but is showing signs of slowing in recent months — the last three monthly drops were each under $1,000.

Is it cheaper to rent or buy in Beaverton?

Renting is cheaper by a wide margin. Monthly rents range from $1,727 to $1,981 across Beaverton’s ZIP codes. A mortgage on the median-priced home with 20% down at 7% interest runs about $2,750 in principal and interest alone — before taxes, insurance, and maintenance.

What is the most affordable neighborhood in Beaverton?

ZIP code 97003 has the lowest median home value at $480,559, about $36,000 below the city average. It’s closely followed by 97005 at $481,626. Both ZIPs offer entry points under $485,000 for buyers looking to get into Beaverton at the lowest cost.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.