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Affordable
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These days, finding an affordable place to live in the 97007 area can be challenging. Home prices in 97007 are now at a median cost of $620,201, higher than the Oregon average of $502,078.
The average cost of rent is $2,166/mo in 97007, primarily driven by the current value of real estate in the 97007 area. In 97007, 26.43% of households rent, and 22.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97007 is $11,337 per month. Households that rent pay about 19.10% of their income on rent here. 97007’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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
- 97008, OR: less expensive homes
- 97078, OR: less expensive homes
- 97005, OR: less expensive homes
- 97223, OR: equally priced homes
- 97003, OR: less expensive homes
- 97224, OR: equally priced homes
- 97006, OR: less expensive homes
- 97225, OR: higher priced homes
- 97123, OR: less expensive homes
- 97221, OR: higher priced homes
Zip Codes with Similar Populations
- 53511, WI: less expensive homes
- 93036, CA: equally priced homes
- 75165, TX: less expensive homes
- 75104, TX: less expensive homes
- 60645, IL: less expensive homes
- 60435, IL: less expensive homes
- 60126, IL: less expensive homes
- 58104, ND: less expensive homes
- 55379, MN: less expensive homes
- 55304, MN: less expensive homes
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