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These days, finding an affordable place to live in the 97227 area can be challenging. Home prices in 97227 are now at a median cost of $650,332, higher than the Oregon average of $502,078.
The average cost of rent is $1,760/mo in 97227, primarily driven by the current value of real estate in the 97227 area. In 97227, 75.62% of households rent, and 21.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97227 is $7,528 per month. Households that rent pay about 23.38% of their income on rent here. 97227’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern 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
- 97208, OR: less expensive homes
- 97209, OR: equally priced homes
- 97212, OR: higher priced homes
- 97211, OR: equally priced homes
- 97210, OR: higher priced homes
- 97232, OR: equally priced homes
- 97217, OR: less expensive homes
- 97204, OR: less expensive homes
- 97205, OR: less expensive homes
- 97201, OR: equally priced homes
Zip Codes with Similar Populations
- 28305, NC: less expensive homes
- 72855, AR: less expensive homes
- 42206, KY: less expensive homes
- 40337, KY: less expensive homes
- 39168, MS: less expensive homes
- 38483, TN: less expensive homes
- 38225, TN: less expensive homes
- 35042, AL: less expensive homes
- 30735, GA: less expensive homes
- 29003, SC: less expensive homes
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