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Affordable
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These days, finding an affordable place to live in the 97231 area can be challenging. Home prices in 97231 are now at a median cost of $798,034, higher than the Oregon average of $502,078.
The average cost of rent is $1,893/mo in 97231, primarily driven by the current value of real estate in the 97231 area. In 97231, 13.84% of households rent, and 46.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97231 is $11,368 per month. Households that rent pay about 16.65% of their income on rent here. 97231’s most expensive areas are in the southwestern 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
- 97203, OR: less expensive homes
- 97229, OR: equally priced homes
- 97006, OR: less expensive homes
- 98660, WA: less expensive homes
- 97133, OR: less expensive homes
- 97217, OR: less expensive homes
- 97124, OR: less expensive homes
- 98663, WA: less expensive homes
- 97003, OR: less expensive homes
- 98685, WA: less expensive homes
Zip Codes with Similar Populations
- 23457, VA: less expensive homes
- 84745, UT: less expensive homes
- 84713, UT: less expensive homes
- 83252, ID: less expensive homes
- 27563, NC: less expensive homes
- 26582, WV: less expensive homes
- 26034, WV: less expensive homes
- 25832, WV: less expensive homes
- 24549, VA: less expensive homes
- 24184, VA: less expensive homes
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