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These days, finding an affordable place to live in the 97122 area can be challenging. Home prices in 97122 are now at a median cost of $413,520, lower than the Oregon average of $502,078.
The average cost of rent is $1,216/mo in 97122, primarily driven by the current value of real estate in the 97122 area. In 97122, 25.31% of households rent, and 35.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97122 is $7,362 per month. Households that rent pay about 16.52% of their income on rent here. 97122’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 97112, OR: equally priced homes
- 97135, OR: higher priced homes
- 97108, OR: equally priced homes
- 97149, OR: higher priced homes
- 97368, OR: less expensive homes
- 97347, OR: less expensive homes
- 97396, OR: less expensive homes
- 97378, OR: equally priced homes
- 97128, OR: higher priced homes
- 97101, OR: higher priced homes
Zip Codes with Similar Populations
- 52765, IA: less expensive homes
- 78949, TX: less expensive homes
- 78944, TX: equally priced homes
- 78830, TX: less expensive homes
- 78146, TX: less expensive homes
- 61485, IL: less expensive homes
- 58793, ND: less expensive homes
- 58721, ND: less expensive homes
- 56710, MN: less expensive homes
- 56078, MN: less expensive homes
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