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These days, finding an affordable place to live in the 97038 area can be challenging. Home prices in 97038 are now at a median cost of $525,916, higher than the Oregon average of $502,078.
The average cost of rent is $1,677/mo in 97038, primarily driven by the current value of real estate in the 97038 area. In 97038, 34.72% of households rent, and 24.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97038 is $7,263 per month. Households that rent pay about 23.09% of their income on rent here. 97038’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 97042, OR: higher priced homes
- 97017, OR: higher priced homes
- 97375, OR: higher priced homes
- 97013, OR: equally priced homes
- 97004, OR: higher priced homes
- 97032, OR: equally priced homes
- 97373, OR: equally priced homes
- 97362, OR: less expensive homes
- 97002, OR: equally priced homes
- 97381, OR: equally priced homes
Zip Codes with Similar Populations
- 27856, NC: less expensive homes
- 62568, IL: less expensive homes
- 35967, AL: less expensive homes
- 35976, AL: less expensive homes
- 00638, PR: less expensive homes
- 38614, MS: less expensive homes
- 43064, OH: equally priced homes
- 44126, OH: less expensive homes
- 48033, MI: less expensive homes
- 48202, MI: less expensive homes
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