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These days, finding an affordable place to live in the 97040 area can be challenging. Home prices in 97040 are now at a median cost of $334,094, lower than the Oregon average of $365,363.
The average cost of rent is $1,111/mo in 97040, primarily driven by the current value of real estate in the 97040 area. While nearly 41.27% of residents own their homes outright in 97040, 28.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in 97040 is $6,545 per month. Households that rent pay about 16.98% of their income on rent here. 97040's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 98635, WA: equally priced homes
- 97031, OR: higher priced homes
- 98605, WA: higher priced homes
- 98672, WA: higher priced homes
- 97058, OR: less expensive homes
- 98617, WA: less expensive homes
- 98651, WA: higher priced homes
- 97041, OR: higher priced homes
- 98673, WA: less expensive homes
- 98613, WA: less expensive homes
Zip Codes with Similar Populations
- 45821, OH: less expensive homes
- 76486, TX: less expensive homes
- 71368, LA: less expensive homes
- 52777, IA: less expensive homes
- 51245, IA: less expensive homes
- 49814, MI: less expensive homes
- 48860, MI: less expensive homes
- 48621, MI: less expensive homes
- 47431, IN: less expensive homes
- 45898, OH: less expensive homes
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