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These days, finding an affordable place to live in the 97005 area can be challenging. Home prices in 97005 are now at a median cost of $485,161, lower than the Oregon average of $502,078.
The average cost of rent is $1,653/mo in 97005, primarily driven by the current value of real estate in the 97005 area. In 97005, 57.08% of households rent, and 33.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97005 is $6,998 per month. Households that rent pay about 23.62% of their income on rent here. 97005’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 97225, OR: higher priced homes
- 97008, OR: higher priced homes
- 97007, OR: higher priced homes
- 97078, OR: equally priced homes
- 97003, OR: equally priced homes
- 97006, OR: equally priced homes
- 97223, OR: higher priced homes
- 97221, OR: higher priced homes
- 97229, OR: higher priced homes
- 97219, OR: higher priced homes
Zip Codes with Similar Populations
- 06118, CT: less expensive homes
- 06776, CT: less expensive homes
- 10310, NY: higher priced homes
- 10710, NY: higher priced homes
- 32117, FL: less expensive homes
- 79118, TX: less expensive homes
- 45431, OH: less expensive homes
- 46528, IN: less expensive homes
- 46628, IN: less expensive homes
- 48603, MI: less expensive homes
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