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These days, finding an affordable place to live in the 97402 area can be challenging. Home prices in 97402 are now at a median cost of $361,435, lower than the Oregon average of $502,078.
The average cost of rent is $1,431/mo in 97402, primarily driven by the current value of real estate in the 97402 area. In 97402, 49.16% of households rent, and 37.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97402 is $5,141 per month. Households that rent pay about 27.83% of their income on rent here. 97402’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
- 97404, OR: higher priced homes
- 97401, OR: higher priced homes
- 97405, OR: higher priced homes
- 97403, OR: higher priced homes
- 97408, OR: higher priced homes
- 97477, OR: equally priced homes
- 97487, OR: higher priced homes
- 97437, OR: higher priced homes
- 97478, OR: equally priced homes
- 97419, OR: higher priced homes
Zip Codes with Similar Populations
- 92057, CA: higher priced homes
- 33063, FL: less expensive homes
- 33177, FL: higher priced homes
- 33467, FL: higher priced homes
- 33511, FL: equally priced homes
- 34741, FL: less expensive homes
- 34746, FL: equally priced homes
- 35242, AL: higher priced homes
- 38654, MS: less expensive homes
- 45040, OH: higher priced homes
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