Forest Grove, OR housing market
Typical home value
$517K
▼ 1.2% 1 yr
Typical rent
$1,789/mo
▲ 2.9% 1 yr
Gross rent yield
4.2%
U.S. 6.3%
5-year home value change
+5%
U.S. +20%
Key takeaways
- 1The typical home in Forest Grove is worth $516,835, down 1.2% over the past year and up 5% over five years.
- 2Typical rent is $1,789 a month (+2.9% YoY), a gross rent yield of 4.2% (above the Portland, OR metro's 4.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,840/mo, $1,051 more than typical rent.
- 4Zillow forecasts the Portland, OR metro's home values to change −0.1% over the next 12 months.
Market temperature (Portland, OR metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 33/100, #388 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Forest Grove compares
| Measure | Forest Grove | Portland, OR metro | United States |
|---|---|---|---|
| Typical home value | $516,835 | $539,403 | $366,157 |
| Home value, 1-yr change | −1.2% | −0.2% | +1.2% |
| Typical rent | $1,789 | $1,803 | $1,932 |
| Rent, 1-yr change | +2.9% | +1.1% | +2.7% |
| Gross rent yield | 4.2% | 4.0% | 6.3% |
| Price-to-rent ratio | 24.1 | 24.9 | 15.8 |
| Mortgage P&I, typical home | $2,840 | $2,964 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Forest Grove rental, pre-filled.
Rent vs buy in Forest Grove
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $517K home.
Other cities in the Portland, OR metro
Portland, OR
$524K home$1,719 rent
▲ 0.5% 1 yr
Vancouver, WA
$498K home$1,803 rent
▼ 0.1% 1 yr
Beaverton, OR
$520K home$1,871 rent
▼ 1.9% 1 yr
Gresham, OR
$462K home$1,601 rent
▼ 0.5% 1 yr
Hillsboro, OR
$510K home$1,969 rent
▼ 2.3% 1 yr
Tigard, OR
$599K home$1,798 rent
▼ 0.9% 1 yr
Oregon City, OR
$591K home$2,006 rent
▲ 0.5% 1 yr
Milwaukie, OR
$509K home$1,809 rent
▲ 1.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.