Zip lookup · OR

97222
Milwaukie, Oregon.

Milwaukie, Clackamas County, OR · Portland-Vancouver-Hillsboro, OR-WA metro · population 36,398

What it costs per month · 97222 $2,547/mo

to buy the typical home at today's mortgage rate — +$1,201 (+89%) since Jan 2020.

What the home itself did
1 year
Up $4,472 +1%
$480,822$485,295 since Sep 2025
5 years
Up $26,307 +6%
$458,988$485,295 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 97222 $2,547 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 97222$2,547
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 62 years.

Typical home values in zip 97222 rose 0.9% over the past year — slower than the nation's +1.2%.

Asking rents in zip 97222 rose 1.9% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 97222 runs $1,575/mo more than renting one. The gap peaked at $1,794 in Oct 2023.

That is $3,409 a month against $1,835 rent: a $2,547 mortgage payment, plus $343 property tax and $520 insurance & upkeep.

Owning vs renting — zip 97222

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $2,000 $2,500 $3,000 $3,500 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owning all in $3,409 Renting $1,835 Mortgage only $2,547
$1,500 $2,000 $2,500 $3,000 $3,500 2018 2022 2026
  • Owning all in$3,409
  • Renting$1,835
  • Mortgage only$2,547

Property tax · $343/mo 0.85% of value a year — the ACS 2020-2024 median bill over the median home value for 2 counties

Insurance & upkeep · $520/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

This zip spans 2 counties: Clackamas County, OR 99% · Multnomah County, OR 1%

Zillow also publishes an index for the city itself: Milwaukie, OR — measured over the city limits, which is a different area from this zip.

Asking rent $1,835 as of Sep 2026
+1.9%year on year
Typical home value $485,295 as of Sep 2026
+0.9%year on year

Asking rent — 97222

Against the Portland-Vancouver-Hillsboro, OR-WA metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2018 2019 2020 2021 2022 2023 2024 2025 2026 97222 $1,835 Portland $1,803 United States $1,932
$1,200 $1,400 $1,600 $1,800 2018 2022 2026
  • 97222$1,835
  • Portland$1,803
  • United States$1,932

Typical home value — 97222

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 $500,000 2018 2020 2022 2024 2026 97222 $485,295 Portland $539,403 United States $366,157
$200,000 $300,000 $400,000 $500,000 2018 2022 2026
  • 97222$485,295
  • Portland$539,403
  • United States$366,157

Within 20 miles

Showing 30 of 75 zips in range — sorting picks from all 75.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
2.3 97267 Portland 31,311 $1,678 $533,174
2.9 97206 Portland 49,890 $1,902 $461,375
3.1 97202 Portland 43,533 $1,676 $622,201
3.9 97027 Gladstone 12,347 $1,796 $502,086
4.0 97034 Lake Oswego 21,331 $2,832 $1,108,477
4.0 97266 Portland 35,423 $1,757 $393,446
4.1 97219 Portland 42,430 $1,857 $627,484
4.2 97015 Clackamas 24,433 $1,783 $578,406
4.3 97086 Happy Valley 34,567 $1,866 $675,975
4.9 97239 Portland 17,804 $1,899 $590,098
5.1 97215 Portland 17,296 $1,672 $645,726
5.2 97214 Portland 27,714 $1,628 $671,763
5.6 97035 Lake Oswego 25,911 $2,098 $724,185
5.8 97216 Portland 16,638 $1,688 $419,027
5.8 97201 Portland 16,887 $1,588 $421,128
6.0 97236 Portland 37,558 $1,671 $426,489
6.2 97232 Portland 15,615 $1,561 $653,726
6.6 97221 Portland 12,915 $2,192 $745,874
6.7 97068 West Linn 30,161 $2,437 $758,488
6.7 97213 Portland 31,408 $1,643 $545,752
6.8 97205 Portland 9,121 $1,617 $491,292
7.0 97209 Portland 22,296 $1,806 $342,301
7.2 97212 Portland 28,042 $2,340 $783,545
7.6 97233 Portland 36,236 $1,487 $395,076
7.7 97227 Portland 5,665 $1,497 $548,829
7.8 97223 Portland 50,527 $1,811 $581,911
8.1 97220 Portland 27,202 $1,583 $420,163
8.5 97089 Damascus 15,101 — $665,898
8.5 97225 Portland 25,869 $1,751 $734,012
8.6 97062 Tualatin 28,930 $1,880 $626,852

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.