Banks, Oregon.
Typical home $621,036 (+0.7% in a year). Portland-Vancouver-Hillsboro, OR-WA metro.
to buy the typical home at today's mortgage rate — +$1,577 (+94%) since Jan 2020.
- 1 year
- Up $4,297 +1%
- $616,739$621,036 since Sep 2025
- 5 years
- Up $45,707 +8%
- $575,330$621,036 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.
- Banks$3,260
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 45 years.
Typical home values in Banks, OR rose 0.7% over the past year — slower than the nation's +1.2%.
Living in Banks, Washington County, Oregon
Banks is a city of 1,837 people in Washington County. Half its households earn more than $86,087 a year and half less, against $107,772 across Washington County; 9% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Washington County was 4.7% in August 2026, and the county had 2.0% fewer jobs in 2025 than the year before. The most people in Washington County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Banks is a small city in Washington County, Oregon, with a young population compared with many towns. Most homes are lived in by their owners, and typical home values are high. Household incomes run below the county's, and the winters are cool and wet, with only a little snow and plenty of rain through the year. Summers are warm, with August the warmest month.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Across Washington County, some of the largest workplaces are Intel, Nike World Headquarters and Providence St. Vincent Medical Center. The typical commute is a fairly long one, and a good number of people work from home. Unemployment across the county is a little lower than a year ago, though the county has fewer jobs than it did the year before.
Things to do. Most outings from Banks mean a longer drive. The Oregon Zoo and the Portland Art Museum are among the places people head to for a day out, and the Portland Japanese Garden is a quieter choice. For time by the water, the Willamette River is also a longer drive away.
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- 842households
- 35%of adults have a degree
- 9%below the poverty line
- 26 mintypical commute
- 14%work from home
What people in Washington County work in
Employed residents by industry, from the Census survey. Washington County had 302,567 jobs in 2025, 2.0% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 44° and lows near 33°; warmest in August, with highs near 82° and lows near 54°. About 3 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Forest Grove weather station, 6 miles away (NOAA).
Largest workplaces in Washington County
- IntelSemiconductor devices manufacturing12,516
- Nike World HeadquartersCorporate offices11,177
- Beaverton SD 48JSchool district4,504FTE
- Providence St. Vincent Medical CTRGeneral hospital3,109FTE
- Lam Research Corp. Tualatin CampusSemiconductor making machinery manufacturing2,798
- Hillsboro SD 1JSchool district2,572FTE
- Tigard-Tualatin SD 23JSchool district1,465FTE
- IntelSemiconductor devices manufacturing1,267
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 610 workplaces with 20 or more staff, 103,758 people in all across the county; Banks has two of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- LandslidesRelatively moderate
- EarthquakesRelatively moderate
- Heat wavesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Banks’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Washington County and the Portland-Vancouver-Hillsboro, OR-WA metro.
Banks home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Banks$621,036
- Oregon$492,753
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Banks17
Zip codes with a Banks address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Banks — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.