According to recent data, the average rent for a 1-bedroom apartment in Tigard has risen 6% year-over-year to $1,450 per month. But how does the cost of living in an apartment vs house in Tigard compare overall? For those weighing their housing options in this Portland suburb, it’s important to look at the full picture of monthly expenses.
The Housing Market in Tigard Today
Tigard’s housing market in 2025 is characterized by steady demand and modest inventory growth. The city’s proximity to major employers in the Portland metro area, along with its highly-rated schools and expanding amenities, continues to attract a diverse mix of residents. While the pace of rent increases has slowed compared to the early 2020s, prices remain elevated relative to pre-pandemic levels.
On the ownership side, Tigard’s home values have appreciated at a more measured rate than some neighboring cities. However, limited supply and strong competition among buyers, especially for entry-level homes, have kept prices on an upward trajectory. New housing developments, particularly in the River Terrace area, are helping to expand options for both renters and buyers.
One notable trend in Tigard is the growing prevalence of accessory dwelling units (ADUs). These small, secondary living spaces — often converted garages or backyard cottages — are providing a new source of rental inventory and helping some homeowners offset their mortgage costs.
Renting in Tigard: What’s Typical?
As of 2025, the average rent for a 1-bedroom apartment in Tigard is around $1,450 per month. Renters can expect to pay closer to $1,800 for a typical 2-bedroom unit. These figures represent an increase of about 15% compared to five years ago.
Tigard’s most popular rental areas include downtown, where a wave of new apartment complexes have brought modern amenities and easy access to dining and shopping. The Summerlake and Bull Mountain neighborhoods are also favored by renters seeking a more suburban feel while still being close to major thoroughfares.
In terms of demographics, Tigard’s renter population skews slightly younger than the citywide median age of 38. Many are single professionals or young couples who appreciate the area’s blend of affordability and livability. That said, rising rents have begun to strain budgets, with some longtime residents exploring more cost-effective options in outer suburbs.
Owning a Home in Tigard
The median home price in Tigard currently stands at $550,000. For a buyer putting 10% down on a 30-year mortgage at 4% interest, that translates to a monthly payment of around $2,450 (excluding taxes and insurance). Property taxes in Tigard average 0.7% of assessed value, or roughly $320 per month for a median-priced home.
Homeowners in Tigard also need to budget for utilities, maintenance, and in some cases, HOA dues. For a typical 1,800 square foot house, owners can expect to pay around $200 per month for electricity, water, and gas. HOA fees vary widely but often fall between $200 and $400 per month for single-family homes in planned developments.
While these costs can add up, many Tigard homeowners view their properties as long-term investments. The city’s strong economic fundamentals and quality of life are expected to support home value appreciation over time, even if the market experiences short-term fluctuations.
Renters vs. Homeowners: Who Lives Where?
Tigard’s homeownership rate stands at around 60%, slightly higher than the national average. The city’s older, more established neighborhoods like Tigard Triangle and Metzger have a higher concentration of owner-occupied homes, many of which were built in the 1970s and 80s. Newer planned communities like Highlands at Lake Forest and Autumn Ridge also cater primarily to homeowners.
Renters, on the other hand, are more likely to gravitate toward the city’s apartment-rich areas like downtown and the 99W corridor. Young professionals, in particular, are drawn to the walkability and amenities of these neighborhoods. Some older residents also opt to rent for the convenience and flexibility it offers.
While homeownership remains an aspiration for many Tigard residents, rising prices and limited starter home inventory have made it increasingly difficult for first-time buyers to enter the market. This has contributed to a growing share of higher-income renters who could potentially afford to buy but are choosing to rent for lifestyle reasons.
| Expense | Apartment (1BR) | House (Median Price) |
|---|---|---|
| Rent/Mortgage | $1,450 | $2,450 |
| Property Tax | – | $320 |
| Utilities | $100 | $200 |
| Insurance | $15 (renters) | $80 (homeowners) |
| HOA | – | $300 |
| Total | $1,565 | $3,350 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors are influencing housing costs in Tigard. On the demand side, the city’s strong job market and attractive quality of life continue to draw new residents. Major employers like Nike, Intel, and Kaiser Permanente are driving growth in the broader Portland region, with many workers choosing to live in Tigard for its relative affordability and family-friendly amenities.
In terms of supply, Tigard has seen a uptick in new housing starts in recent years, particularly for apartments and townhomes. However, development has not kept pace with demand, leading to competition for available units and upward pressure on prices. Zoning changes and urban growth boundary expansions are helping to open up more land for residential construction, but the process is gradual.
Other policy factors, such as Oregon’s statewide rent control law and Metro’s affordable housing bond measure, are also shaping Tigard’s housing landscape. While these initiatives aim to improve access and stability for renters, some argue they could constrain supply and lead to higher costs over time if not accompanied by sufficient new construction.
FAQs About Housing in Tigard
- Is Tigard affordable to live in? Compared to Portland proper, Tigard offers a more affordable cost of living. However, housing costs have risen significantly in recent years, straining budgets for many low and middle-income residents.
- Why are housing prices changing? Tigard’s housing prices are influenced by regional economic growth, limited supply of new housing, and policy changes at the state and local level. Demographic shifts, such as aging Baby Boomers and younger adults delaying homeownership, are also factors.
- How does Tigard compare to nearby cities? Tigard falls in the middle of the pack for housing costs among Portland suburbs. It is more affordable than Lake Oswego and West Linn but pricier than Beaverton and Hillsboro. Compared to Portland, Tigard offers more space and amenities for the price.
Making Smart Housing Decisions in Tigard
For those weighing the cost of living in an apartment vs house in Tigard, it’s important to look beyond monthly rent or mortgage payments. Factors like utilities, insurance, maintenance, and amenity fees can add hundreds to your monthly budget. Renters should also consider the opportunity cost of not building equity, while homeowners need to be prepared for the added responsibilities of property upkeep.
Ultimately, the right choice depends on your financial situation, lifestyle preferences, and long-term goals. Renting offers more flexibility and predictable costs, which may appeal to those who value mobility or are saving for a future purchase. Homeownership, while more expensive upfront, can provide stability and wealth-building potential for those who plan to stay put for several years.
Regardless of whether you rent or buy, it’s important to create a realistic monthly budget that accounts for all your housing costs and leaves room for other financial priorities. Working with a local real estate agent or financial advisor can also help you navigate Tigard’s evolving market and make informed decisions about your living situation.
For a more comprehensive look at expenses in Tigard, check out our Cost of Living Guide for 2025. By understanding the full picture of housing and other costs, you can make smart choices that align with your budget and future plans in this dynamic Portland suburb.