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These days, finding an affordable place to live in the 97131 area can be challenging. Home prices in 97131 are now at a median cost of $499,081, lower than the Oregon average of $502,078.
The average cost of rent is $1,231/mo in 97131, primarily driven by the current value of real estate in the 97131 area. In 97131, 9.21% of households rent, and 51.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97131 is $5,560 per month. Households that rent pay about 22.14% of their income on rent here. 97131’s most expensive areas are in the northwestern 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
- 97147, OR: less expensive homes
- 97130, OR: higher priced homes
- 97102, OR: higher priced homes
- 97136, OR: less expensive homes
- 97145, OR: higher priced homes
- 97110, OR: higher priced homes
- 97144, OR: higher priced homes
- 97117, OR: higher priced homes
- 97125, OR: higher priced homes
- 97109, OR: higher priced homes
Zip Codes with Similar Populations
- 17101, PA: less expensive homes
- 17771, PA: less expensive homes
- 20664, MD: equally priced homes
- 24236, VA: less expensive homes
- 26547, WV: less expensive homes
- 88312, NM: less expensive homes
- 54814, WI: less expensive homes
- 56438, MN: less expensive homes
- 56515, MN: less expensive homes
- 74849, OK: less expensive homes
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