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These days, finding an affordable place to live in the 97401 area can be challenging. Home prices in 97401 are now at a median cost of $523,293, higher than the Oregon average of $502,078.
The average cost of rent is $1,441/mo in 97401, primarily driven by the current value of real estate in the 97401 area. In 97401, 70.57% of households rent, and 42.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97401 is $5,213 per month. Households that rent pay about 27.64% of their income on rent here. 97401’s most expensive areas are in the northwestern 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
- 97403, OR: higher priced homes
- 97408, OR: equally priced homes
- 97477, OR: less expensive homes
- 97405, OR: equally priced homes
- 97404, OR: less expensive homes
- 97402, OR: less expensive homes
- 97478, OR: less expensive homes
- 97455, OR: higher priced homes
- 97426, OR: equally priced homes
- 97487, OR: less expensive homes
Zip Codes with Similar Populations
- 45238, OH: less expensive homes
- 91748, CA: higher priced homes
- 91387, CA: higher priced homes
- 90503, CA: higher priced homes
- 90241, CA: higher priced homes
- 90043, CA: higher priced homes
- 90033, CA: higher priced homes
- 90025, CA: higher priced homes
- 90023, CA: higher priced homes
- 90016, CA: higher priced homes
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