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These days, finding an affordable place to live in the 97022 area can be challenging. Home prices in 97022 are now at a median cost of $619,280, higher than the Oregon average of $502,078.
The average cost of rent is $1,485/mo in 97022, primarily driven by the current value of real estate in the 97022 area. In 97022, 18.31% of households rent, and 50.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97022 is $6,933 per month. Households that rent pay about 21.42% of their income on rent here. 97022’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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
- 97023, OR: equally priced homes
- 97055, OR: less expensive homes
- 97009, OR: equally priced homes
- 97089, OR: equally priced homes
- 97004, OR: higher priced homes
- 97080, OR: less expensive homes
- 97015, OR: less expensive homes
- 97045, OR: equally priced homes
- 97086, OR: higher priced homes
- 97027, OR: less expensive homes
Zip Codes with Similar Populations
- 35771, AL: less expensive homes
- 58523, ND: less expensive homes
- 59079, MT: less expensive homes
- 62535, IL: less expensive homes
- 66542, KS: less expensive homes
- 47164, IN: less expensive homes
- 45341, OH: less expensive homes
- 75414, TX: less expensive homes
- 40409, KY: less expensive homes
- 40379, KY: less expensive homes
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