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Affordable
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These days, finding an affordable place to live in the 97305 area can be challenging. Home prices in 97305 are now at a median cost of $379,539, lower than the Oregon average of $502,078.
The average cost of rent is $1,709/mo in 97305, primarily driven by the current value of real estate in the 97305 area. In 97305, 46.79% of households rent, and 40.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97305 is $5,659 per month. Households that rent pay about 30.21% of their income on rent here. 97305’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 97301, OR: less expensive homes
- 97303, OR: higher priced homes
- 97310, OR: equally priced homes
- 97317, OR: higher priced homes
- 97304, OR: higher priced homes
- 97302, OR: higher priced homes
- 97306, OR: higher priced homes
- 97381, OR: higher priced homes
- 97362, OR: equally priced homes
- 97373, OR: higher priced homes
Zip Codes with Similar Populations
- 88240, NM: less expensive homes
- 43232, OH: less expensive homes
- 46237, IN: less expensive homes
- 46360, IN: less expensive homes
- 48310, MI: less expensive homes
- 52001, IA: less expensive homes
- 85746, AZ: less expensive homes
- 87031, NM: less expensive homes
- 87123, NM: less expensive homes
- 87401, NM: less expensive homes
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