Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 97016 area can be challenging. Home prices in 97016 are now at a median cost of $235,833, lower than the Oregon average of $365,363.
The average cost of rent is $942/mo in 97016, primarily driven by the current value of real estate in the 97016 area. While nearly 34.93% of residents own their homes outright in 97016, 19.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in 97016 is $5,019 per month. Households that rent pay about 18.76% of their income on rent here. 97016's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 98612, WA: equally priced homes
- 97048, OR: higher priced homes
- 98632, WA: equally priced homes
- 98626, WA: higher priced homes
- 98609, WA: higher priced homes
- 98647, WA: less expensive homes
- 98611, WA: higher priced homes
- 98625, WA: higher priced homes
- 97103, OR: higher priced homes
- 97146, OR: higher priced homes
Zip Codes with Similar Populations
- 47165, IN: less expensive homes
- 38562, TN: less expensive homes
- 38756, MS: less expensive homes
- 40026, KY: higher priced homes
- 40162, KY: less expensive homes
- 41240, KY: less expensive homes
- 45345, OH: less expensive homes
- 45830, OH: less expensive homes
- 46616, IN: less expensive homes
- 38105, TN: less expensive homes
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