First Addition, Beaverton, OR
First Addition — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for First Addition, Beaverton, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
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First Addition Neighborhood Overview
First Addition is a prime residential neighborhood in Beaverton, Oregon, with a ZIP code of 97034 in Clackamas County. It is centrally located near prominent areas like Lake Oswego, Evergreen, and Forest Hills. The community offers a balanced suburban lifestyle with convenient access to urban amenities.
Lifestyle & Amenities
The neighborhood has a walkability score of 10.1 out of 20, indicating a somewhat walkable environment for local errands. Residents enjoy proximity to several nearby neighborhoods, fostering a connected community feel. Its prime market tier reflects access to high-quality local services and retail.
Real Estate Market
First Addition features a strong real estate market with a median home value of $921,400 and a median household income of $140,687. In 2023, there were 907 mortgage originations, predominantly conventional loans. The median gross rent is $1,957 per month, indicating a robust rental market as well.
Schools & Education
Families have access to several nearby schools, including Forest Hills Elementary School just 0.44 miles away. Other options include Oak Grove Elementary, Riverdale Grade School, and Hallinan Elementary School. For high school, students may attend New Urban High School or Harmony Academy.
Transportation & Connectivity
The area's walkability supports some local trips, though personal vehicles are commonly used for broader regional connectivity. Its location near major neighborhoods like Lake Oswego and Foothills provides easy access to broader Washington County and Portland metro routes. This positioning makes commuting and regional travel relatively straightforward.
Why Choose First Addition
First Addition appeals to those seeking a prime Beaverton location with strong property values and high household incomes. The combination of good schools, a active housing market, and a central location offers a compelling suburban package. It represents a stable, high-demand community within the Portland metropolitan area.
First Addition Market Data
| Metric | Value |
|---|---|
| Median Home Price | $921K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $141K |
| Homeownership Rate | 76.1% |
| Renter-Occupied | 23.9% |
| Rental Vacancy Rate | 1.2% |
| Market Type | Seller's |
| Market Tier | Prime |
| Primary ZIP Code | 97034 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 907 |
| VA Loan Originations | 18 |
| VA Loan Share | 2.0% |
| Conventional Loan Originations | 866 |
| FHA Loan Originations | 23 |
Top Real Estate Agents in First Addition, Beaverton
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for First Addition, Beaverton, OR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Oregon Real Estate Agency (OREA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15