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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 $350,951, lower than the Oregon average of $365,363.
The average cost of rent is $1,351/mo in 97216, primarily driven by the current value of real estate in the 97216 area. While nearly 23.57% of residents own their homes outright in 97216, 37.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in 97216 is $5,461 per month. Households that rent pay about 24.74% of their income on rent here. 97216's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the zip.
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: higher 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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