Gray Oak, Hillsboro, OR
Gray Oak — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Gray Oak, Hillsboro, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
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Gray Oak Neighborhood Overview
Gray Oak is an established residential neighborhood in Hillsboro, Oregon, located within Washington County and ZIP code 97003. It offers a balanced suburban lifestyle with strong community ties and convenient access to the broader Portland metro area. The area is characterized by its quiet streets and well-maintained homes, appealing to a range of residents.
Lifestyle & Amenities
Residents enjoy a notably walkable environment, with the neighborhood scoring 16.7 out of 20 on the EPA National Walkability Index. This facilitates easy access to nearby parks, local shopping, and everyday conveniences. Its proximity to neighboring areas like Elmonica and Five Oaks/Triple Creek expands dining and recreational options.
Real Estate Market
The Gray Oak housing market is active and positioned in the upper-mid tier, with a median home value of $428,800. In 2023, there were 430 mortgage originations, predominantly conventional loans, indicating a stable and desirable market. The median gross rent is $1,816 per month, and the median household income is $92,733.
Schools & Education
Families are served by several highly-rated schools within a short distance, including Elmonica Elementary School just 0.17 miles away. Options extend to Five Oaks Middle School and multiple high schools, such as the Beaverton Academy of Science and Engineering. This provides strong educational pathways from elementary through secondary levels.
Transportation & Connectivity
The neighborhood's location provides excellent connectivity to major employment centers, including the Silicon Forest tech corridor. Key arterials offer straightforward commutes to downtown Hillsboro, Beaverton, and Portland. This balance of local walkability and regional access is a key feature for residents.
Why Choose Gray Oak
Gray Oak presents an attractive package of walkable suburban living, stable real estate, and top-tier schools. It appeals to professionals, families, and anyone seeking a community-oriented neighborhood with solid fundamentals. Its position in Hillsboro offers both a peaceful residential setting and proximity to the region's economic heartbeat.
Gray Oak Market Data
| Metric | Value |
|---|---|
| Median Home Price | $429K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $93K |
| Homeownership Rate | 56.0% |
| Renter-Occupied | 44.0% |
| Rental Vacancy Rate | 4.5% |
| Market Type | Balanced |
| Market Tier | Upper Mid |
| Primary ZIP Code | 97003 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 430 |
| VA Loan Originations | 25 |
| VA Loan Share | 5.8% |
| Conventional Loan Originations | 344 |
| FHA Loan Originations | 61 |
Top Real Estate Agents in Gray Oak, Hillsboro
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Gray Oak, Hillsboro, 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