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Affordable
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These days, finding an affordable place to live in the 97031 area can be challenging. Home prices in 97031 are now at a median cost of $725,822, higher than the Oregon average of $502,078.
The average cost of rent is $1,602/mo in 97031, primarily driven by the current value of real estate in the 97031 area. In 97031, 32.12% of households rent, and 41.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97031 is $8,184 per month. Households that rent pay about 19.57% of their income on rent here. 97031’s most expensive areas are in the northern 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
- 98605, WA: less expensive homes
- 98651, WA: less expensive homes
- 98672, WA: less expensive homes
- 97040, OR: less expensive homes
- 97041, OR: equally priced homes
- 98635, WA: less expensive homes
- 98610, WA: less expensive homes
- 97014, OR: less expensive homes
- 97058, OR: less expensive homes
- 98648, WA: less expensive homes
Zip Codes with Similar Populations
- 93103, CA: higher priced homes
- 10990, NY: less expensive homes
- 11747, NY: higher priced homes
- 11937, NY: higher priced homes
- 37321, TN: less expensive homes
- 33602, FL: less expensive homes
- 42025, KY: less expensive homes
- 42223, KY: less expensive homes
- 45208, OH: less expensive homes
- 45219, OH: less expensive homes
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