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These days, finding an affordable place to live in the 97216 area can be challenging. Home prices in 97216 are now at a median cost of $465,507, lower than the Oregon average of $502,078.
The average cost of rent is $1,626/mo in 97216, primarily driven by the current value of real estate in the 97216 area. In 97216, 47.33% of households rent, and 26.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97216 is $6,483 per month. Households that rent pay about 25.09% of their income on rent here. 97216’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
- 97220, OR: equally priced homes
- 97266, OR: equally priced homes
- 97215, OR: higher priced homes
- 97213, OR: higher priced homes
- 97236, OR: equally priced homes
- 97233, OR: less expensive homes
- 97206, OR: higher priced homes
- 97230, OR: equally priced homes
- 97218, OR: equally priced homes
- 97214, OR: higher priced homes
Zip Codes with Similar Populations
- 77979, TX: less expensive homes
- 27244, NC: less expensive homes
- 28779, NC: less expensive homes
- 30656, GA: less expensive homes
- 31522, GA: higher priced homes
- 60455, IL: less expensive homes
- 93631, CA: equally priced homes
- 92270, CA: higher priced homes
- 84014, UT: higher priced homes
- 30461, GA: less expensive homes
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