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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 $463,183, lower than the Oregon average of $502,078.
The average cost of rent is $1,148/mo in 97040, primarily driven by the current value of real estate in the 97040 area. In 97040, 19.80% of households rent, and 54.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97040 is $6,002 per month. Households that rent pay about 19.13% of their income on rent here. 97040’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 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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