ZIP Code Market Report
97122 — Hebo, OR
Data through February 2026 · Updated monthly
Avg Home Value
$369,901
▲ 2.0% year-over-year
Month-over-Month
-0.8%
▼ 0.8%
Single Family
$367,167
Condo / Co-op
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The average home value in the 97122 ZIP code (Hebo, OREGON) is $369,901 as of February 2026. Home prices are rising, up 2.0% compared to last year.
The market in 97122 has a $305,618 spread between bottom-tier homes at $241,474 and top-tier homes at $547,092. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Tillamook County market area in OREGON. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Tillamook County report.
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Market Snapshot
97122 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $373,257 | $373,033 | $369,901 | ▼ 0.9% |
| Single Family Value | $360,553 | $364,137 | $367,167 | ▲ 1.8% |
Home Values
97122 Home Value Trend
Historical home values for ZIP code 97122. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 97122
How different property types compare in this ZIP code.
All Homes
$369,901
Single Family
$367,167
Bottom Tier
$241,474
Top Tier
$547,092
Data Sources and Methodology
Home value data for ZIP code 97122 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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