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Affordable
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These days, finding an affordable place to live in the 97008 area can be challenging. Home prices in 97008 are now at a median cost of $544,423, higher than the Oregon average of $502,078.
The average cost of rent is $1,911/mo in 97008, primarily driven by the current value of real estate in the 97008 area. In 97008, 43.54% of households rent, and 26.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97008 is $8,516 per month. Households that rent pay about 22.44% of their income on rent here. 97008’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
- 97223, OR: higher priced homes
- 97007, OR: higher priced homes
- 97005, OR: less expensive homes
- 97225, OR: higher priced homes
- 97078, OR: equally priced homes
- 97224, OR: higher priced homes
- 97221, OR: higher priced homes
- 97003, OR: less expensive homes
- 97219, OR: higher priced homes
- 97035, OR: higher priced homes
Zip Codes with Similar Populations
- 07112, NJ: less expensive homes
- 12203, NY: less expensive homes
- 28146, NC: less expensive homes
- 30240, GA: less expensive homes
- 32168, FL: less expensive homes
- 78211, TX: less expensive homes
- 55060, MN: less expensive homes
- 55904, MN: less expensive homes
- 60142, IL: less expensive homes
- 60181, IL: less expensive homes
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